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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash Flows from Operating Activities:    
Net income $ 30,523 $ 8,480
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 7,556 7,662
Amortization of deferred financing fees 177 240
Stock-based compensation 3,418 1,855
Deferred income taxes 4,642 4,541
Impairment of long-lived assets 291 0
Other 1,036 1,794
Changes in operating assets and liabilities:    
Accounts receivable (1,906) 21,525
Inventory (43,627) (17,875)
Other current assets (6,783) (242)
Accounts payable and accrued expenses (37,514) (21,285)
Taxes payable 1,460 (1,977)
Other 406 (912)
Net cash (used in) provided by operating activities (40,321) 3,806
Cash Flows from Investing Activities:    
Purchases of property and equipment (13,266) (1,785)
Additions of intangibles, net (1,716) (2,006)
Net cash used in investing activities (14,982) (3,791)
Cash Flows from Financing Activities:    
Repayments of long-term debt (5,625) (3,750)
Taxes paid in connection with employee stock transactions (1,700) (704)
Proceeds from employee stock transactions 287 165
Finance lease principal payment (48) (45)
Borrowings under revolving credit facility 0 50,000
Net cash (used in) provided by financing activities (7,086) 45,666
Effect of exchange rate changes on cash (601) 23
Net (decrease) increase in cash (62,990) 45,704
Cash, beginning of period 253,283 72,515
Cash, end of period $ 190,293 $ 118,219