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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2020
Mar. 29, 2019
OPERATING ACTIVITIES:    
Net income $ 8,738 $ 18,402
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 5,829 4,039
Stock-based compensation 1,921 1,729
Deferred taxes and uncertain tax positions (8,649) 716
Amortization of loan fees 389 68
Changes in operating assets and liabilities, net of effects of acquisition of business:    
Accounts receivable 14,391 (4,904)
Inventory (22,479) (17,030)
Income taxes 916 (878)
Prepaids and other assets (61,695) (7,293)
Accounts payable 30,345 20,660
Accrued expenses and other liabilities (3,191) (6,764)
Net cash (used in) provided by operating activities (33,485) 8,745
INVESTING ACTIVITIES:    
Purchases of property and equipment (12,841) (7,297)
Acquisition of businesses, net of cash acquired (329,209) 0
Net cash used in investing activities (342,050) (7,297)
FINANCING ACTIVITIES:    
Proceeds from line of credit 156,000 26,000
Payments on line of credit (139,000) (13,000)
Proceeds from issuance of debt, net of origination fees of $6,622 393,379 0
Repayment of debt 0 (2,813)
Repurchases from stock compensation program, net (2,047) (1,229)
Net cash provided by financing activities 408,332 8,958
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (351) (76)
CHANGE IN CASH AND CASH EQUIVALENTS 32,446 10,330
CASH AND CASH EQUIVALENTS—Beginning of period 43,736 27,958
CASH AND CASH EQUIVALENTS—End of period 76,182 38,288
Cash paid during the period for:    
Income taxes 9,280 6,243
Cash paid for interest, net of capitalized interest 729 702
Cash paid for amounts included in the measurement of lease liabilities 1,602 1,430
Non-cash operating activities:    
Right-of-use assets obtained in exchange for lease obligations 4,336 2,543
Capital expenditures included in accounts payable $ 2,088 $ 1,688