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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash Flows from Operating Activities:    
Net income $ 93,407 $ 45,692
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 22,835 21,220
Amortization of deferred financing fees 712 1,694
Stock-based compensation 6,315 10,399
Deferred income taxes 732 9,874
Other 1,414 0
Impairment of long-lived assets 632 540
Loss on prepayment of debt 418 0
Changes in operating assets and liabilities:    
Accounts receivable, net 10,236 (12,086)
Inventory 50,943 (64,136)
Other current assets 5,570 (1,076)
Accounts payable and accrued expenses 31,537 27,705
Taxes payable 11,019 (3,556)
Other 3,329 (9,683)
Net cash provided by operating activities 239,099 26,587
Cash Flows from Investing Activities:    
Purchases of property and equipment (10,904) (24,249)
Additions of intangibles, net (5,377) (14,991)
Net cash used in investing activities (16,281) (39,240)
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 (61,250) (34,875)
Proceeds from employee stock transactions 2,033 2,708
Taxes paid in connection with employee stock transactions (1,027) 0
Payments of dividends 0 (636)
Finance lease principal payment (138) (29)
Net cash used in financing activities (60,382) (32,832)
Effect of exchange rate changes on cash (138) (9)
Net increase (decrease) in cash 162,298 (45,494)
Cash, beginning of period 72,515 80,051
Cash, end of period 234,813 34,557
Supplemental disclosure of cash flow information    
Change in accrual for property and equipment $ 667 $ 339