XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
OPERATING ACTIVITIES:    
Net income $ 13,002 $ 14,179
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 9,401 9,616
Share-based compensation expense 4,145 3,915
Deferred income taxes (837) (678)
Other 3,070 (3,708)
Amortization of acquired intangible assets 1,255 1,297
Working capital changes:    
Accounts receivable 10,675 13,837
Inventories (16,339) (20,477)
Prepaid expenses and other current assets (3,438) (2,193)
Accounts payable and accrued expenses (9,195) (3,169)
Cash provided by operating activities 11,739 12,619
INVESTING ACTIVITIES:    
Capital expenditures (7,467) (4,033)
Proceeds from sale of property, plant and equipment 0 1,040
Insurance proceeds from property casualty loss 0 1,000
Cash used in investing activities (7,467) (1,993)
FINANCING ACTIVITIES:    
Repayments of long-term debt (122) (34,783)
Borrowing of long-term debt 0 10,000
Tax withholding payments for share-based compensation (7,730) (4,271)
Dividends paid (54) (6)
Finance lease payments (762) (716)
Cash used in financing activities (8,668) (29,776)
Net cash used in operating, investing and financing activities (4,396) (19,150)
Effect of exchange rate changes on cash 2,927 (1,574)
CASH AND CASH EQUIVALENTS:    
Net decrease (1,469) (20,724)
Balance, beginning of period 99,226 110,498
Balance, end of period $ 97,757 $ 89,774