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Condensed Consolidated Statements of Cash Flows
$ in Thousands
6 Months Ended
Jul. 03, 2020
USD ($)
Jun. 28, 2019
USD ($)
OPERATING ACTIVITIES:    
Net income $ 21,930 $ 41,764
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,019 8,184
Stock-based compensation 3,997 3,350
Deferred taxes and uncertain tax positions (7,238) (816)
Amortization of loan fees 713 120
Loss on extinguishment of debt 0 516
Changes in operating assets and liabilities, net of effects of acquisition of business:    
Accounts receivable 13,133 (17,115)
Inventory (13,583) (24,977)
Income taxes 2,341 (3,411)
Prepaids and other assets (30,707) (379)
Accounts payable 2,728 15,671
Accrued expenses and other liabilities (2,644) (2,483)
Net cash provided by operating activities 5,689 20,424
INVESTING ACTIVITIES:    
Purchases of property and equipment (32,770) (16,377)
Acquisition of businesses, net of cash acquired (329,222) (6,804)
Net cash used in investing activities (361,992) (23,181)
FINANCING ACTIVITIES:    
Proceeds from line of credit 201,768 45,000
Payments on line of credit (254,768) (25,000)
Proceeds from issuance of debt, net of origination fees of $7,616 392,385 0
Capital Expenditures Incurred but Not yet Paid 4,784 1,770
Repayment of debt (2,500) (2,813)
Proceeds from sale of common stock, net 198,236 0
Repurchases from stock compensation program, net (4,348) (3,494)
Net cash provided by financing activities 530,773 13,693
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (241) 127
CHANGE IN CASH AND CASH EQUIVALENTS 174,229 11,063
CASH AND CASH EQUIVALENTS—Beginning of period 43,736 27,958
CASH AND CASH EQUIVALENTS—End of period 217,965 39,021
Interest and Income Taxes Paid [Abstract]    
Income Taxes Paid 9,734 14,847
Interest Paid, Excluding Capitalized Interest, Operating Activities 3,953 1,442
Operating Lease, Payments 3,432 2,929
Cash Flow, Noncash Operating Activities Disclosure [Abstract]    
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 4,336 6,131
Acquisition of business in exchange for equity 0 $ 7,167
Debt issuance costs $ 7,616