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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash Flows from Operating Activities:    
Net income $ 41,962 $ 24,390
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 15,359 13,801
Amortization of deferred financing fees 478 1,133
Stock-based compensation 4,036 8,286
Deferred income taxes 3,511 6,310
Other 1,239 0
Impairment of long-lived assets 632 97
Changes in operating assets and liabilities:    
Accounts receivable, net (4,433) (15,945)
Inventory 46,723 (36,225)
Other current assets 4,351 (5,494)
Accounts payable and accrued expenses (52,781) 16,491
Taxes payable 9,393 (4,655)
Other 1,881 1,577
Net cash provided by operating activities 72,351 9,766
Cash Flows from Investing Activities:    
Purchases of property and equipment (7,160) (16,786)
Additions of intangibles, net (3,769) (13,214)
Net cash used in investing activities (10,929) (30,000)
Cash Flows from Financing Activities:    
Borrowings under revolving credit facility 50,000 0
Repayments under revolving credit facility (50,000) 0
Repayments of long-term debt (7,500) (23,750)
Proceeds from employee stock transactions 1,397 2,064
Taxes paid in connection with employee stock transactions (704) 0
Finance lease principal payment (91) 0
Net cash used in financing activities (6,898) (21,686)
Effect of exchange rate changes on cash 428 (108)
Net increase (decrease) in cash 54,952 (42,028)
Cash, beginning of period 72,515 80,051
Cash, end of period 127,467 38,023
Supplemental disclosure of cash flow information    
Change in accrual for property and equipment 467 150
Dividends Payable $ 0 $ 319