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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Jan. 01, 2021
Jan. 03, 2020
Cash flows from operating activities:      
Net income $ 24,501 $ 5,913 $ 14,048
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property, plant, and equipment 3,608 3,060 3,665
Amortization of intangibles 34 35 34
Deferred income taxes 1,495 (849) (3,481)
Change in net pension liability 137 656 359
Loss on disposal of property and equipment 2 213 14
Stock-based compensation expense 14,605 12,146 10,547
Provision for sales returns and bad debts 318 835 275
Inventory provision 1,654 1,706 1,580
Changes in working capital:      
Accounts receivable (8,868) (3,974) (4,502)
Inventories 66 (1,390) (950)
Prepayments, deposits, and other current assets (711) (3,753) (1,313)
Accounts payable 108 (1,199) 1,084
Other current liabilities 7,013 7,552 4,435
Net cash provided by operating activities 43,962 20,951 25,795
Cash flows from investing activities:      
Acquisition of property and equipment (13,645) (8,404) (10,095)
Acquisition of patents and licenses     (83)
Net cash used in investing activities (13,645) (8,404) (10,178)
Cash flows from financing activities:      
Repayment of finance lease obligations (348) (561) (1,294)
Repayment of line of credit 1,297 515 2,018
Proceeds from the exercise of stock options 19,437 20,646 3,459
Proceeds from vested restricted stock 1 1 2
Net cash provided by financing activities 17,793 19,571 149
Effect of exchange rate changes on cash and cash equivalents (857) 367 203
Increase in cash and cash equivalents 47,253 32,485 15,969
Cash and cash equivalents, at beginning of year 152,453 119,968 103,999
Cash and cash equivalents, at end of year $ 199,706 $ 152,453 $ 119,968