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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash Flows from Operating Activities:    
Net income $ 117,431 $ 139,721
Adjustments to reconcile net income to cash (used in) provided by operating activities:    
Depreciation and amortization 28,504 23,440
Amortization of deferred financing fees 458 516
Stock-based compensation 14,883 11,339
Deferred income taxes (1,138) 3,764
Impairment of long-lived assets 181 2,331
Other 10,215 3,213
Changes in operating assets and liabilities:    
Accounts receivable 14,679 (18,769)
Inventory (127,362) (126,381)
Other current assets (2,944) (5,206)
Accounts payable and accrued expenses (121,515) 48,184
Taxes payable (6,773) (11,441)
Other 1,166 2,488
Net cash (used in) provided by operating activities (72,215) 73,199
Cash Flows from Investing Activities:    
Purchases of property and equipment (32,493) (41,159)
Additions of intangibles, net (7,924) (6,749)
Net cash used in investing activities (40,417) (47,908)
Cash Flows from Financing Activities:    
Repayments of long-term debt (16,875) (16,875)
Taxes paid in connection with employee stock transactions (1,861) (3,507)
Proceeds from employee stock transactions 278 2,794
Finance lease principal payment (1,730) (600)
Repurchase of common stock (100,025) 0
Net cash used in financing activities (120,213) (18,188)
Effect of exchange rate changes on cash (1,581) (1,069)
Net (decrease) increase in cash (234,426) 6,034
Cash, beginning of period 312,189 253,283
Cash, end of period $ 77,763 $ 259,317