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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash flows from operating activities:    
Net income $ 37,007 $ 88,884
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,975 29,800
Stock-based compensation 8,043 12,385
Net loss on disposals and impairments of assets 179 78
Deferred income taxes (3,794) 421
Changes in operating assets and liabilities:    
Accounts receivable (2,898) 8,666
Inventories (15,674) (7,215)
Income taxes 4,368 (11,625)
Prepaid expenses and other assets 6,266 (13,407)
Accounts payable (1,713) 23,232
Customer prepayments (14,754) 47,418
Accrued compensation and benefits (17,789) (22,387)
Other taxes and withholding 971 487
Other accruals and liabilities (3,496) 4,683
Net cash provided by operating activities 28,691 161,420
Cash flows from investing activities:    
Purchases of property and equipment (36,559) (32,012)
Proceeds from sales of property and equipment 23 12
Net cash used in investing activities (36,536) (32,000)
Cash flows from financing activities:    
Repurchases of common stock (63,644) (280,915)
Net increase in short-term borrowings 70,836 146,447
Proceeds from issuance of common stock 585 3,535
Debt issuance costs (42) (557)
Net cash provided by (used in) financing activities 7,735 (131,490)
Net decrease in cash and cash equivalents (110) (2,070)
Cash and cash equivalents, at beginning of period 2,389 4,243
Cash and cash equivalents, at end of period $ 2,279 $ 2,173