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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash Flows from Operating Activities:    
Net income $ 48,635 $ 71,911
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 23,197 18,489
Amortization of deferred financing fees 276 310
Stock-based compensation 14,113 10,221
Deferred income taxes 15,309 344
Loss on modification and extinguishment of debt 330 0
Product recalls 8,538 0
Other (2,792) 3,723
Changes in operating assets and liabilities:    
Accounts receivable (51,941) 15,542
Inventory 48,830 (174,289)
Other current assets (11,468) (10,260)
Accounts payable and accrued expenses (54,109) (13,100)
Taxes payable (9,112) 2,544
Other (1,025) 1
Net cash provided by (used in) operating activities 28,781 (74,564)
Cash Flows from Investing Activities:    
Purchases of property and equipment (25,068) (26,022)
Additions of intangibles, net (6,849) (5,803)
Net cash used in investing activities (31,917) (31,825)
Cash Flows from Financing Activities:    
Repayments of long-term debt (5,625) (11,250)
Payments of deferred financing fees (2,824) 0
Taxes paid in connection with employee stock transactions (1,825) (1,280)
Proceeds from employee stock transactions 1,573 0
Finance lease principal payment (1,236) (1,212)
Repurchase of common stock 0 (100,025)
Net cash used in financing activities (9,937) (113,767)
Effect of exchange rate changes on cash 1,468 (39)
Net decrease in cash (11,605) (220,195)
Cash, beginning of period 234,741 312,189
Cash, end of period $ 223,136 $ 91,994