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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Cash Flows from Operating Activities:      
Net income $ 165,387 $ 175,689 $ 169,885
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 54,232 48,132 46,434
Amortization of deferred financing fees 653 649 604
Stock-based compensation 47,688 40,719 29,800
Deferred income taxes 28,081 (11,167) 25,561
Impairment of long-lived assets 3,795 5,490 2,927
Loss on prepayment, modification, or extinguishment of debt 0 0 330
Product recalls 2,900 9,939 1,895
Other (3,881) 9,872 (6,163)
Changes in operating assets and liabilities:      
Accounts receivable, net (18,161) (23,655) (15,683)
Inventory 23,857 39,751 33,675
Other current assets 6,614 9,480 (7,933)
Accounts payable and accrued expenses (27,687) (47,020) (15,144)
Taxes payable (23,941) 669 18,156
Other (4,800) 2,838 1,598
Net cash provided by operating activities 254,737 261,386 285,942
Cash Flows from Investing Activities:      
Purchases of property and equipment (42,667) (41,832) (50,672)
Business acquisition, net of cash acquired 0 (36,164) 0
Additions of intangibles, net (59,172) (53,452) (22,152)
Net cash used in investing activities (101,839) (131,448) (72,824)
Cash Flows from Financing Activities:      
Repayments of long‑term debt (4,219) (4,219) (7,734)
Proceeds from employee stock transactions 0 294 1,573
Taxes paid in connection with employee stock transactions (1,831) (1,463) (2,481)
Finance lease principal payment (16,000) (3,829) (2,130)
Repurchase of common stock (297,780) (200,000) 0
Payments of deferred financing fees 0 0 (2,824)
Payment of excise taxes on share repurchases (1,562) 0 0
Net cash used in financing activities (321,392) (209,217) (13,596)
Effect of exchange rate changes on cash (1,959) (886) 4,697
Net (decrease) increase in cash (170,453) (80,165) 204,219
Cash, beginning of period 358,795 438,960 234,741
Cash, end of period 188,342 358,795 438,960
Supplemental cash flow information:      
Interest paid 4,748 5,806 6,688
Income taxes paid, net of refunds 48,048 65,204 14,131
Supplemental non-cash investing activity:      
Property and equipment additions included in accounts payable and accrued expenses $ 10,060 $ 2,794 $ 2,647