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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net income $ 77,830 $ 57,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 46,244 46,267
Stock-based compensation 15,554 12,034
Net loss (gain) on disposals and impairments of assets 208 (409)
Deferred income taxes 3,229 (895)
Changes in operating assets and liabilities:    
Accounts receivable (12,710) (746)
Inventories 3,807 (1,626)
Income taxes 5,103 535
Prepaid expenses and other assets 3,666 (8,065)
Accounts payable 58,547 45,051
Customer prepayments 40,795 12,758
Accrued compensation and benefits 21,376 11,763
Other taxes and withholding 4,756 5,784
Other accruals and liabilities 18,877 9,629
Net cash provided by operating activities 287,282 189,832
Cash flows from investing activities:    
Purchases of property and equipment (28,074) (46,757)
Proceeds from sales of property and equipment 53 2,577
Purchase of intangible assets (945) 0
Net cash used in investing activities (28,966) (44,180)
Cash flows from financing activities:    
Repurchases of common stock (41,923) (139,178)
Net decrease in short-term borrowings (220,968) (11,270)
Proceeds from issuance of common stock 4,650 5,752
Debt issuance costs (303) (1,023)
Net cash used in financing activities (258,544) (145,719)
Net decrease in cash and cash equivalents (228) (67)
Cash and cash equivalents, at beginning of period 1,593 1,612
Cash and cash equivalents, at end of period $ 1,365 $ 1,545