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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 122,535 $ 91,292
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 35,648 34,391
Amortization of deferred financing fees 488 441
Stock-based compensation 26,020 21,918
Deferred income taxes (2,928) 20,699
Impairment of long-lived assets 2,025 1,963
Loss on modification and extinguishment of debt 0 330
Product recalls 0 8,538
Other (1,492) 239
Changes in operating assets and liabilities:    
Accounts receivable (43,858) (48,836)
Inventory (15,104) 28,180
Other current assets (4,022) (6,505)
Accounts payable and accrued expenses (65,515) (36,288)
Taxes payable (21,057) (3,323)
Other 3,066 1,730
Net cash provided by operating activities 35,806 114,769
Cash Flows from Investing Activities:    
Purchases of property and equipment (31,341) (38,983)
Business acquisition, net of cash acquired (36,164) 0
Additions of intangibles, net (19,542) (19,280)
Net cash used in investing activities (87,047) (58,263)
Cash Flows from Financing Activities:    
Repayments of long-term debt (3,164) (6,680)
Payments of deferred financing fees 0 (2,824)
Taxes paid in connection with employee stock transactions (1,436) (2,421)
Proceeds from employee stock transactions 289 1,573
Finance lease principal payment (3,206) (1,579)
Repurchase of common stock (100,000) 0
Net cash used in financing activities (107,517) (11,931)
Effect of exchange rate changes on cash 262 2,044
Net (decrease) increase in cash (158,496) 46,619
Cash, beginning of period 438,960 234,741
Cash, end of period $ 280,464 $ 281,360