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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash flows from operating activities:    
Net income $ 12,219 $ 37,007
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,749 31,975
Stock-based compensation 9,890 8,043
Net loss on disposals and impairments of assets 181 179
Deferred income taxes (8,272) (3,794)
Changes in operating assets and liabilities:    
Accounts receivable 1,903 (2,898)
Inventories (7,412) (15,674)
Income taxes 1,808 4,368
Prepaid expenses and other assets (5,824) 6,266
Accounts payable (10,244) (1,713)
Customer prepayments (14,683) (14,754)
Accrued compensation and benefits 7,594 (17,789)
Other taxes and withholding (2,074) 971
Other accruals and liabilities (3,115) (3,496)
Net cash provided by operating activities 18,720 28,691
Cash flows from investing activities:    
Purchases of property and equipment (29,899) (36,559)
Issuance of note receivable (435) 0
Proceeds from sales of property and equipment 0 23
Net cash used in investing activities (30,334) (36,536)
Cash flows from financing activities:    
Net increase in short-term borrowings 14,693 70,836
Repurchases of common stock (3,501) (63,644)
Proceeds from issuance of common stock 428 585
Debt issuance costs 0 (42)
Net cash provided by financing activities 11,620 7,735
Net increase (decrease) in cash and cash equivalents 6 (110)
Cash and cash equivalents, at beginning of period 1,792 2,389
Cash and cash equivalents, at end of period $ 1,798 $ 2,279