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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Operating activities    
Net income $ 7,846 $ 4,057
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,469 9,555
Equity-based compensation expense 5,508 4,087
Gain on foreign currency contracts (133)  
Non-cash interest expense 164  
Deferred income taxes 758 306
Amortization of debt issuance costs 316 316
Non-cash operating lease expense 608 603
Provision for excess and obsolete inventory 836 484
Other   (6)
Changes in operating assets and liabilities:    
Accounts receivable, net (5,752) (12,065)
Inventories, net 5,039 1,275
Prepaid expenses and other current assets (4,209) (1,043)
Other long-term assets (45) (10)
Accounts payable 6,437 4,896
Accrued expenses (7,897) (538)
Other long-term liabilities 34 10
Operating lease liabilities (802) (728)
Net cash provided by operating activities 17,177 11,199
Investing activities    
Purchases of property and equipment (2,173) (7,180)
Net cash (used in) investing activities (2,173) (7,180)
Financing activities    
Repayments of capital lease obligations (20) (24)
Net cash (used in) financing activities (20) (24)
Cash and cash equivalents    
Net increase in cash and cash equivalents 14,984 3,995
Cash and cash equivalents at beginning of period 138,654 66,154
Cash and cash equivalents at end of period 153,638 70,149
Supplemental disclosures of cash flow information    
Cash paid for interest 9,973 5,937
Cash proceeds from interest (1,282) (3)
Cash paid for taxes 140 37
Proceeds from income tax refunds (43) (10)
Non-cash investing and financing transactions    
Acquisition of property and equipment not yet paid $ 146 $ 467