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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Cash Flows from Operating Activities:      
Net income $ 50,434 $ 57,763 $ 15,401
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 28,959 24,777 20,769
Amortization of deferred financing fees 2,189 3,425 2,950
Stock-based compensation 52,332 13,247 13,393
Deferred income taxes 15,615 2,226 8,500
Impairment of long-lived assets 616 2,209 0
Loss on modification or extinguishment of debt 643 694 0
Changes in operating assets and liabilities:      
Accounts receivable, net (19,940) 7,675 (29,909)
Inventory (40,541) 29,583 71,040
Other current assets (6,798) (5,089) 17,915
Accounts payable and accrued expenses 6,614 43,740 27,992
Taxes payable (3,101) (5,876) (12,805)
Other (129) 1,694 12,505
Net cash provided by operating activities 86,893 176,068 147,751
Cash Flows from Investing Activities:      
Purchases of property and equipment (32,077) (20,860) (42,197)
Additions of intangibles, net (16,614) (11,027) 4,926
Changes in notes receivables 0 0 1,416
Cash paid to Rambler On for acquisition 0 0 (2,867)
Proceeds from sale of long-lived assets 0 165 0
Net cash used in investing activities (48,691) (31,722) (38,722)
Cash Flows from Financing Activities:      
Proceeds from borrowings on Term Loan A in connection with amendment 66,238 0 0
Repayments of Term Loan A in connection with amendment (64,250) 0 0
Repayments of long-term debt (34,875) (151,788) (45,550)
Payments of deferred financing fees (2,135) 0 (1,957)
Changes in revolving line of credit 0 0 (20,000)
Proceeds from employee stock transactions 3,561 262 99
Taxes paid in connection with employee stock transactions (13,516) (57) (2,018)
Cash paid for repurchase of common stock 0 (1,967) 0
Proceeds from issuance of common stock, net of offering costs 0 38,083 0
Options Dividends (636) (2,523) (2,811)
Finance lease principal payment 74 0 0
Net cash used in financing activities (45,687) (117,990) (72,237)
Non-cash Investing Activities:      
Changes related to acquisition of Rambler On 0 0 (4,432)
Total non-cash investing activities 0 0 (4,432)
Effect of exchange rate changes on cash (51) 45 (1)
Net (decrease) increase in cash (7,536) 26,401 32,359
Cash, beginning of period 80,051 53,650 21,291
Cash, end of period $ 72,515 $ 80,051 $ 53,650