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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash flows from operating activities:    
Net income $ 2,074 $ 66,634
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,870 14,638
Stock-based compensation 4,133 6,416
Net loss on disposals and impairments of assets 93 78
Deferred income taxes (376) 1,515
Changes in operating assets and liabilities:    
Accounts receivable 1,216 5,948
Inventories 2,432 (946)
Income taxes 1,102 6,847
Prepaid expenses and other assets 10,877 (3,113)
Accounts payable 2,073 12,390
Customer prepayments 12,506 20,552
Accrued compensation and benefits (25,348) (34,605)
Other taxes and withholding 3,104 8,912
Other accruals and liabilities (5,198) 6,332
Net cash provided by operating activities 24,558 111,598
Cash flows from investing activities:    
Purchases of property and equipment (19,604) (11,546)
Proceeds from sales of property and equipment 10 12
Net cash used in investing activities (19,594) (11,534)
Cash flows from financing activities:    
Repurchases of common stock (50,998) (178,613)
Net increase in short-term borrowings 44,712 74,087
Proceeds from issuance of common stock 531 2,460
Debt issuance costs (42) (3)
Net cash used in financing activities (5,797) (102,069)
Net decrease in cash and cash equivalents (833) (2,005)
Cash and cash equivalents, at beginning of period 2,389 4,243
Cash and cash equivalents, at end of period $ 1,556 $ 2,238