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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash Flows from Operating Activities:    
Net income $ 86,754 $ 41,962
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 14,941 15,359
Amortization of deferred financing fees 349 478
Stock-based compensation 7,515 4,036
Deferred income taxes 1,801 3,511
Impairment of long-lived assets 1,142 632
Other 1,971 1,239
Changes in operating assets and liabilities:    
Accounts receivable (16,797) (4,433)
Inventory (81,188) 46,723
Other current assets (6,133) 4,351
Accounts payable and accrued expenses 12,535 (52,781)
Taxes payable (2,401) 9,393
Other 1,703 1,881
Net cash provided by operating activities 22,192 72,351
Cash Flows from Investing Activities:    
Purchases of property and equipment (25,894) (7,160)
Additions of intangibles, net (3,915) (3,769)
Net cash used in investing activities (29,809) (10,929)
Cash Flows from Financing Activities:    
Repayments of long-term debt (11,250) (7,500)
Taxes paid in connection with employee stock transactions (1,700) (704)
Proceeds from employee stock transactions 2,149 1,397
Finance lease principal payment (96) (91)
Borrowings under revolving credit facility 0 50,000
Repayments under revolving credit facility 0 (50,000)
Net cash used in financing activities (10,897) (6,898)
Effect of exchange rate changes on cash (996) 428
Net (decrease) increase in cash (19,510) 54,952
Cash, beginning of period 253,283 72,515
Cash, end of period $ 233,773 $ 127,467