XML 23 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Dec. 29, 2018
Cash flows from operating activities:      
Net income $ 139,189 $ 81,845 $ 69,539
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 61,563 61,866 61,966
Stock-based compensation 21,813 16,657 11,412
Net loss (gain) on disposals and impairments of assets 247 (430) (51)
Deferred income taxes (3,566) (1,014) 7,447
Changes in operating assets and liabilities:      
Accounts receivable (11,893) 4,817 (5,483)
Inventories 5,703 (2,183) (584)
Income taxes 1,057 3,066 (6,561)
Prepaid expenses and other assets (13,717) (13,959) 5,551
Accounts payable (16,755) 10,661 (9,894)
Customer prepayments 37,769 7,182 (701)
Accrued compensation and benefits 36,825 12,920 (6,872)
Other taxes and withholding 111 725 707
Other accruals and liabilities 21,315 7,007 5,064
Net cash provided by operating activities 279,661 189,160 131,540
Cash flows from investing activities:      
Purchases of property and equipment (37,100) (59,239) (45,515)
Proceeds from sales of property and equipment 55 2,615 272
Purchase of intangible assets (1,973) 0 0
Net cash used in investing activities (39,018) (56,624) (45,243)
Cash flows from financing activities:      
Repurchases of common stock (235,644) (165,079) (272,446)
Net (decrease) increase in short-term borrowings (11,639) 26,357 182,336
Proceeds from issuance of common stock 9,602 7,190 2,788
Debt issuance costs (312) (1,023) (1,014)
Net cash used in financing activities (237,993) (132,555) (88,336)
Net increase (decrease) in cash and cash equivalents 2,650 (19) (2,039)
Cash and cash equivalents, at beginning of period 1,593 1,612 3,651
Cash and cash equivalents, at end of period 4,243 1,593 1,612
Non-cash financing transactions:      
Change in unsettled repurchases of common stock (493) (9,506) 9,999
Supplemental Disclosure of Cash Flow Information      
Income taxes paid, net of refunds 38,698 17,182 15,031
Interest paid 9,053 10,656 5,086
Finance lease obligations incurred 0 0 943
Purchases of property and equipment included in accounts payable $ 5,015 $ 5,725 $ 12,123