XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net income $ 142,605 $ 77,830
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,786 46,244
Stock-based compensation 19,701 15,554
Net (gain) loss on disposals and impairments of assets (20) 208
Deferred income taxes 291 3,229
Changes in operating assets and liabilities:    
Accounts receivable (1,517) (12,710)
Inventories (4,767) 3,807
Income taxes 5,615 5,103
Prepaid expenses and other assets (13,879) 3,666
Accounts payable 51,543 58,547
Customer prepayments 35,785 40,795
Accrued compensation and benefits (12,725) 21,376
Other taxes and withholding 7,636 4,756
Other accruals and liabilities 17,630 18,877
Net cash provided by operating activities 292,684 287,282
Cash flows from investing activities:    
Purchases of property and equipment (49,370) (28,074)
Proceeds from sales of property and equipment 257 53
Purchase of intangible assets 0 (945)
Net cash used in investing activities (49,113) (28,966)
Cash flows from financing activities:    
Repurchases of common stock (381,496) (41,923)
Net increase (decrease) in short-term borrowings 132,222 (220,968)
Proceeds from issuance of common stock 3,847 4,650
Debt issuance costs (557) (303)
Net cash used in financing activities (245,984) (258,544)
Net decrease in cash and cash equivalents (2,413) (228)
Cash and cash equivalents, at beginning of period 4,243 1,593
Cash and cash equivalents, at end of period $ 1,830 $ 1,365