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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Cash Flows from Operating Activities:      
Net income $ 169,885 $ 89,693 $ 212,602
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 46,434 39,847 32,070
Amortization of deferred financing fees 604 601 679
Stock-based compensation 29,800 17,799 15,474
Deferred income taxes 25,561 (403) 5,147
Impairment of long-lived assets 2,927 1,229 2,473
Loss on prepayment, modification, or extinguishment of debt 330 0 0
Product recalls 1,895 97,176 0
Other (6,163) 2,039 1,022
Changes in operating assets and liabilities:      
Accounts receivable, net (15,683) 30,448 (44,681)
Inventory 33,675 (91,624) (179,803)
Other current assets (7,933) (2,187) (10,587)
Accounts payable and accrued expenses (15,144) (86,242) 112,773
Taxes payable 18,156 439 (3,781)
Other 1,598 2,079 3,132
Net cash provided by operating activities 285,942 100,894 146,520
Cash Flows from Investing Activities:      
Purchases of property and equipment (50,672) (45,929) (56,121)
Additions of intangibles, net (22,152) (10,981) (9,635)
Net cash used in investing activities (72,824) (56,910) (65,756)
Cash Flows from Financing Activities:      
Repayments of long‑term debt (7,734) (22,500) (22,500)
Proceeds from employee stock transactions 1,573 3,821 4,095
Taxes paid in connection with employee stock transactions (2,481) (1,861) (3,506)
Finance lease principal payment (2,130) (2,063) (1,108)
Repurchase of common stock 0 (100,025) 0
Payments of deferred financing fees (2,824) 0 0
Net cash used in financing activities (13,596) (122,628) (23,019)
Effect of exchange rate changes on cash 4,697 1,196 1,161
Net increase (decrease) in cash 204,219 (77,448) 58,906
Cash, beginning of period 234,741 312,189 253,283
Cash, end of period 438,960 234,741 312,189
Supplemental cash flow information::      
Interest paid 6,688 2,961 2,365
Income taxes paid, net of refunds 14,131 58,822 58,819
Supplemental non-cash investing activity:      
Property and equipment additions included in accounts payable and accrued expenses $ 2,647 $ 3,801 $ 9,865