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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 8,480 $ 2,167
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 7,662 6,539
Amortization of deferred financing fees 240 574
Stock-based compensation 1,855 4,005
Deferred income taxes 4,541 1,875
Other 1,794 0
Impairment of long-lived assets 0 94
Changes in operating assets and liabilities:    
Accounts receivable, net 21,525 (3,178)
Inventory (17,875) (19,211)
Other current assets (242) (7,812)
Accounts payable and accrued expenses (21,285) 1,696
Taxes payable (1,977) (6,132)
Other (912) (10,659)
Net cash provided by (used in) operating activities 3,806 (30,042)
Cash Flows from Investing Activities:    
Purchases of property and equipment (1,785) (8,380)
Additions of intangibles, net (2,006) (11,436)
Net cash used in investing activities (3,791) (19,816)
Cash Flows from Financing Activities:    
Changes in revolving line of credit 50,000 0
Repayments of long-term debt (3,750) (11,125)
Proceeds from employee stock transactions 165 0
Taxes paid in connection with employee stock transactions (704) 0
Finance lease principal payment (45) 0
Net cash provided by (used in) financing activities 45,666 (11,125)
Effect of exchange rate changes on cash 23 (60)
Net increase (decrease) in cash 45,704 (61,043)
Cash, beginning of period 72,515 80,051
Cash, end of period 118,219 19,008
Supplemental disclosure of cash flow information    
Change in accrual for property and equipment 1,816 966
Dividends Payable $ 0 $ 159