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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash Flows from Operating Activities:    
Net income $ 10,564 $ 25,659
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 11,402 8,650
Amortization of deferred financing fees 138 158
Stock-based compensation 6,775 4,754
Deferred income taxes 6,832 5,069
Other (303) (1,607)
Changes in operating assets and liabilities:    
Accounts receivable (16,114) 27,403
Inventory 23,988 (94,342)
Other current assets (10,930) (9,593)
Accounts payable and accrued expenses (69,655) (57,064)
Taxes payable (8,512) 2,979
Other (873) (622)
Net cash used in operating activities (46,688) (88,556)
Cash Flows from Investing Activities:    
Purchases of property and equipment (10,082) (12,669)
Additions of intangibles, net (3,165) (3,436)
Net cash used in investing activities (13,247) (16,105)
Cash Flows from Financing Activities:    
Repayments of long-term debt (5,625) (5,625)
Taxes paid in connection with employee stock transactions (1,737) (1,280)
Proceeds from employee stock transactions 679 0
Finance lease principal payment (710) (698)
Repurchase of common stock 0 (100,025)
Net cash used in financing activities (7,393) (107,628)
Effect of exchange rate changes on cash 428 430
Net decrease in cash (66,900) (211,859)
Cash, beginning of period 234,741 312,189
Cash, end of period $ 167,841 $ 100,330