XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Cash Flows from Operating Activities:    
Net income $ 91,292 $ 117,431
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 34,391 28,504
Amortization of deferred financing fees 441 458
Stock-based compensation 21,918 14,883
Deferred income taxes 20,699 (1,138)
Impairment of long-lived assets 1,963 181
Loss on modification and extinguishment of debt 330 0
Product recalls 8,538 0
Other 239 10,215
Changes in operating assets and liabilities:    
Accounts receivable (48,836) 14,679
Inventory 28,180 (127,362)
Other current assets (6,505) (2,944)
Accounts payable and accrued expenses (36,288) (121,515)
Taxes payable (3,323) (6,773)
Other 1,730 1,166
Net cash provided by (used in) operating activities 114,769 (72,215)
Cash Flows from Investing Activities:    
Purchases of property and equipment (38,983) (32,493)
Additions of intangibles, net (19,280) (7,924)
Net cash used in investing activities (58,263) (40,417)
Cash Flows from Financing Activities:    
Repayments of long-term debt (6,680) (16,875)
Payments of deferred financing fees (2,824) 0
Taxes paid in connection with employee stock transactions (2,421) (1,861)
Proceeds from employee stock transactions 1,573 278
Finance lease principal payment (1,579) (1,730)
Repurchase of common stock 0 (100,025)
Net cash used in financing activities (11,931) (120,213)
Effect of exchange rate changes on cash 2,044 (1,581)
Net increase (decrease) in cash 46,619 (234,426)
Cash, beginning of period 234,741 312,189
Cash, end of period $ 281,360 $ 77,763