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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Cash Flows from Operating Activities:    
Net income $ 38,453 $ 73,112
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 26,969 19,600
Fair value adjustment to contingent consideration (12,400) 0
Provision for doubtful accounts 2,357 56
Provision (benefit) for deferred income taxes 2,980 (551)
Provision for stock-based compensation 5,435 4,270
Changes in assets and liabilities:    
Accounts receivable (27,522) 55,341
Inventories 113,331 (102,824)
Prepaids and other current assets (12,229) (7,347)
Other assets (3,526) (726)
Accounts payable (28,028) 25,565
Accrued customer rebates and returns (2,713) (2,917)
Accrued compensation and other liabilities (10,221) (26,193)
Cash provided by operating activities 92,886 37,386
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired 67 595
Property, plant and equipment additions (23,269) (16,100)
Cash used in investing activities (23,202) (15,505)
Cash Flows from Financing Activities:    
Payments of revolving credit line (72,800) (10,000)
Payments of long-term debt (6,250) 0
Proceeds from exercise of stock options 1,130 894
Purchase and cancellation of common stock (828) (18,195)
Other stock-related activity (1,343) (1,386)
Cash used in financing activities (80,091) (28,687)
Effect of exchange rate changes on Cash and Cash Equivalents 39 (10)
Net Decrease in Cash and Cash Equivalents (10,368) (6,816)
Cash and Cash Equivalents, Beginning of Period 46,034 58,782
Cash and Cash Equivalents, End of Period 35,666 51,966
Supplemental Cash Flow Information    
Cash paid for interest expense 26,745 2,285
Cash paid for income taxes $ 14,779 $ 36,700