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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash Flows from Operating Activities:    
Net income $ 66,251 $ 48,635
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 23,559 23,197
Amortization of deferred financing fees 326 276
Stock-based compensation 17,325 14,113
Deferred income taxes (1,966) 15,309
Impairment of long-lived assets 2,025 0
Loss on modification and extinguishment of debt 0 330
Product recalls 0 8,538
Other 2,343 (2,792)
Changes in operating assets and liabilities:    
Accounts receivable (60,085) (51,941)
Inventory (25,380) 48,830
Other current assets (9,946) (11,468)
Accounts payable and accrued expenses (50,065) (54,109)
Taxes payable (13,503) (9,112)
Other 1,402 (1,025)
Net cash (used in) provided by operating activities (47,714) 28,781
Cash Flows from Investing Activities:    
Purchases of property and equipment (21,636) (25,068)
Business acquisition, net of cash acquired (36,164) 0
Additions of intangibles, net (14,635) (6,849)
Net cash used in investing activities (72,435) (31,917)
Cash Flows from Financing Activities:    
Repayments of long-term debt (2,109) (5,625)
Payments of deferred financing fees 0 (2,824)
Taxes paid in connection with employee stock transactions (1,202) (1,825)
Proceeds from employee stock transactions 0 1,573
Finance lease principal payment (2,491) (1,236)
Repurchase of common stock (100,000) 0
Net cash used in financing activities (105,802) (9,937)
Effect of exchange rate changes on cash (72) 1,468
Net decrease in cash (226,023) (11,605)
Cash, beginning of period 438,960 234,741
Cash, end of period $ 212,937 $ 223,136