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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash Flows from Operating Activities:    
Net income $ 15,855 $ 10,564
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 11,474 11,402
Amortization of deferred financing fees 163 138
Stock-based compensation 8,497 6,775
Deferred income taxes (7) 6,832
Impairment of long-lived assets 2,025 0
Other 3,117 (303)
Changes in operating assets and liabilities:    
Accounts receivable (9,480) (16,114)
Inventory (11,090) 23,988
Other current assets (10,425) (10,930)
Accounts payable and accrued expenses (106,536) (69,655)
Taxes payable (8,032) (8,512)
Other 765 (873)
Net cash used in operating activities (103,674) (46,688)
Cash Flows from Investing Activities:    
Purchases of property and equipment (10,644) (10,082)
Business acquisition, net of cash acquired (36,164) 0
Additions of intangibles, net (11,197) (3,165)
Net cash used in investing activities (58,005) (13,247)
Cash Flows from Financing Activities:    
Repayments of long-term debt (1,055) (5,625)
Taxes paid in connection with employee stock transactions (1,174) (1,737)
Proceeds from employee stock transactions 0 679
Finance lease principal payment (586) (710)
Repurchase of common stock (100,000) 0
Net cash used in financing activities (102,815) (7,393)
Effect of exchange rate changes on cash (555) 428
Net decrease in cash (265,049) (66,900)
Cash, beginning of period 438,960 234,741
Cash, end of period $ 173,911 $ 167,841