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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 03, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net income $ 35,121 $ 40,408
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 17,561 13,854
Amortization 14,124 11,959
Impairment of trade name 8,000  
Non-cash portion of restructuring costs and charges 2,442  
Provision for allowance for doubtful accounts 1,057 1,659
Stock-based compensation 4,369 3,246
Amortization of deferred financing costs, debt discount and premium 925 1,303
Gains on sales of assets (125) (3)
Change in operating assets and liabilities (net of effects of acquisition):    
Accounts receivable (20,532) (2,682)
Inventories (9,060) (2,900)
Contract assets, net, prepaid expenses, other current and other assets (9,867) (7,720)
Accounts payable, accrued and other liabilities 21,406 (4,852)
Net cash provided by operating activities 65,421 54,272
Cash flows from investing activities:    
Purchases of property, plant and equipment (15,378) (20,252)
Business acquisition (90,368)  
Proceeds from sales of assets 651 43
Net cash used in investing activities (105,095) (20,209)
Cash flows from financing activities:    
Proceeds from issuance of senior notes 53,188  
Payments of long-term debt (10,000) (163)
Payments of financing costs (1,266)  
Purchases of treasury stock under Board of Director approved plan   (5,550)
Purchases of common stock relating to tax withholdings on employee equity awards (815) (505)
Proceeds from exercise of stock options 549 1,262
Proceeds from issuance of common stock under employee stock purchase plan (ESPP) 119 46
Net cash provided by (used in) financing activities 41,775 (4,910)
Net increase in cash and cash equivalents 2,101 29,153
Cash and cash equivalents at beginning of period 97,243 52,650
Cash and cash equivalents at end of period 99,344 81,803
Non-cash activity:    
Establish right-of-use asset 17,917 31,257
Establish operating lease liability (17,917) (33,686)
Property, plant and equipment additions in accounts payable $ 326 $ 289