XML 79 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2020
Mar. 30, 2019
Cash flows from operating activities:    
Net income $ 15,600 $ 8,257
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,186 4,497
Amortization 4,742 4,015
Provision for allowance for doubtful accounts 646 68
Stock-based compensation 1,530 1,198
Amortization and write-offs of deferred financing costs and debt discount 311 427
Gains on sales of assets (82) (28)
Change in operating assets and liabilities (net of effects of acquisition):    
Accounts receivable (17,857) (60)
Inventories (4,039) (3,651)
Contract assets, net, prepaid expenses, other current and other assets (1,029) (4,678)
Accounts payable, accrued and other liabilities 5,916 (9,137)
Net cash provided by operating activities 10,924 908
Cash flows from investing activities:    
Purchases of property, plant and equipment (2,327) (8,299)
Business acquisition (90,145)  
Proceeds from sales of assets 82 28
Net cash used in investing activities (92,390) (8,271)
Cash flows from financing activities:    
Proceeds from issuance of senior notes 53,188  
Payments of long-term debt   (76)
Payments of financing costs (1,266)  
Purchases of treasury stock relating to tax withholdings on employee equity awards (815) (505)
Proceeds from exercise of stock options 549 213
Proceeds from issuance of common stock under employee stock purchase plan 119 17
Net cash provided by (used in) financing activities 51,775 (351)
Net decrease in cash and cash equivalents (29,691) (7,714)
Cash and cash equivalents at beginning of period 97,243 52,650
Cash and cash equivalents at end of period 67,552 44,936
Non-cash activity:    
Establish right-of-use asset 14,605 31,165
Establish operating lease liability (14,605) (33,594)
Property, plant and equipment additions in accounts payable $ 119 $ 729