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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash Flows from Operating Activities:    
Net income $ 25,659 $ 30,523
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 8,650 7,556
Amortization of deferred financing fees 158 177
Stock-based compensation 4,754 3,418
Deferred income taxes 5,069 4,642
Impairment of long-lived assets 0 291
Other (1,607) 1,036
Changes in operating assets and liabilities:    
Accounts receivable 27,403 (1,906)
Inventory (94,342) (43,627)
Other current assets (9,593) (6,783)
Accounts payable and accrued expenses (57,064) (37,514)
Taxes payable 2,979 1,460
Other (622) 406
Net cash used in operating activities (88,556) (40,321)
Cash Flows from Investing Activities:    
Purchases of property and equipment (12,669) (13,266)
Additions of intangibles, net (3,436) (1,716)
Net cash used in investing activities (16,105) (14,982)
Cash Flows from Financing Activities:    
Repayments of long-term debt (5,625) (5,625)
Taxes paid in connection with employee stock transactions (1,280) (1,700)
Proceeds from employee stock transactions 0 287
Finance lease principal payment (698) (48)
Repurchase of common stock (100,025) 0
Net cash used in financing activities (107,628) (7,086)
Effect of exchange rate changes on cash 430 (601)
Net decrease in cash (211,859) (62,990)
Cash, beginning of period 312,189 253,283
Cash, end of period $ 100,330 $ 190,293