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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash Flows from Operating Activities:    
Net income $ 71,911 $ 86,754
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 18,489 14,941
Amortization of deferred financing fees 310 349
Stock-based compensation 10,221 7,515
Deferred income taxes 344 1,801
Impairment of long-lived assets 0 1,142
Other 3,723 1,971
Changes in operating assets and liabilities:    
Accounts receivable 15,542 (16,797)
Inventory (174,289) (81,188)
Other current assets (10,260) (6,133)
Accounts payable and accrued expenses (13,100) 12,535
Taxes payable 2,544 (2,401)
Other 1 1,703
Net cash (used in) provided by operating activities (74,564) 22,192
Cash Flows from Investing Activities:    
Purchases of property and equipment (26,022) (25,894)
Additions of intangibles, net (5,803) (3,915)
Net cash used in investing activities (31,825) (29,809)
Cash Flows from Financing Activities:    
Repayments of long-term debt (11,250) (11,250)
Taxes paid in connection with employee stock transactions (1,280) (1,700)
Proceeds from employee stock transactions 0 2,149
Finance lease principal payment (1,212) (96)
Repurchase of common stock (100,025) 0
Net cash used in financing activities (113,767) (10,897)
Effect of exchange rate changes on cash (39) (996)
Net decrease in cash (220,195) (19,510)
Cash, beginning of period 312,189 253,283
Cash, end of period $ 91,994 $ 233,773