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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Cash Flows from Operating Activities:      
Net income $ 89,693 $ 212,602 $ 155,801
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 39,847 32,070 30,535
Amortization of deferred financing fees 601 679 935
Stock-based compensation 17,799 15,474 9,009
Deferred income taxes (403) 5,147 (3,827)
Impairment of long-lived assets 1,229 2,473 1,051
Loss on prepayment, modification, or extinguishment of debt 0 0 1,064
Product recalls 97,176 0 0
Other 2,039 1,022 (74)
Changes in operating assets and liabilities:      
Accounts receivable, net 30,448 (44,681) 16,353
Inventory (91,624) (179,803) 46,052
Other current assets (2,187) (10,587) 1,982
Accounts payable and accrued expenses (86,242) 112,773 89,125
Taxes payable 439 (3,781) 14,943
Other 2,079 3,132 3,478
Net cash provided by operating activities 100,894 146,520 366,427
Cash Flows from Investing Activities:      
Purchases of property and equipment (45,929) (56,121) (15,566)
Additions of intangibles, net (10,981) (9,635) (7,378)
Net cash used in investing activities (56,910) (65,756) (22,944)
Cash Flows from Financing Activities:      
Repayments of long‑term debt (22,500) (22,500) (165,000)
Proceeds from employee stock transactions 3,821 4,095 3,022
Taxes paid in connection with employee stock transactions (1,861) (3,506) (1,028)
Finance lease principal payment (2,063) (1,108) (185)
Repurchase of common stock (100,025) 0 0
Borrowings under revolving line of credit 0 0 50,000
Repayments under revolving credit facility 0 0 (50,000)
Net cash used in financing activities (122,628) (23,019) (163,191)
Effect of exchange rate changes on cash 1,196 1,161 476
Net (decrease) increase in cash (77,448) 58,906 180,768
Cash, beginning of period 312,189 253,283 72,515
Cash, end of period 234,741 312,189 253,283
Supplemental cash flow information::      
Interest paid 2,961 2,365 8,358
Income taxes paid, net of refunds 58,822 58,819 36,306
Supplemental non-cash investing activity:      
Property and equipment additions included in accounts payable and accrued expenses $ 3,801 $ 9,865 $ 6,503