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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 25, 2021
Cash Flows from Operating Activities:      
Net income $ 129,259 $ 121,549 $ 131,532
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation, amortization and accretion 54,729 44,677 35,193
Provision for doubtful accounts 4,592 86 181
Benefit from deferred income taxes (2,960) (5,880) (11,970)
Provision for stock-based compensation 11,484 9,370 8,228
Fair value adjustment to contingent consideration (20,468) 0 0
Payment of contingent consideration 0 (120) (2,418)
Changes in assets and liabilities:      
Accounts receivable (104,020) 48,479 10,918
Inventories 118,606 (133,790) (153,823)
Prepaids and other current assets 15,324 (11,150) (2,680)
Other assets (4,931) (28) (5,004)
Accounts payable (3,138) (5,542) 47,000
Accrued customer rebates and returns 12,372 2,433 31,275
Accrued compensation and other liabilities (2,091) (28,396) 11,906
Cash provided by operating activities 208,758 41,688 100,338
Cash Flows from Investing Activities:      
Acquisitions, net of cash acquired 67 (488,956) (345,483)
Property, plant and equipment additions (43,968) (37,883) (19,840)
Cash used in investing activities (43,901) (526,839) (365,323)
Cash Flows from Financing Activities:      
Proceeds of revolving credit line 0 10,000 252,360
Payments of revolving credit line (146,600) (10,000) (13,000)
Proceeds of long-term debt 0 500,000 0
Payments of long-term debt (12,500) (3,125) 0
Payment of contingent consideration 0 (1,705) (7,982)
Payment of debt issuance costs 0 (3,918) (4,215)
Proceeds from exercise of stock options 1,167 1,046 2,455
Purchase and cancellation of common stock (15,709) (19,934) (62,649)
Other stock-related activity (467) 132 1,266
Cash (used in) provided by financing activities (174,109) 472,496 168,235
Effect of exchange rate changes on Cash and Cash Equivalents 32 (93) (44)
Net (Decrease) Increase in Cash and Cash Equivalents (9,220) (12,748) (96,794)
Cash and Cash Equivalents, Beginning of Period 46,034 58,782 155,576
Cash and Cash Equivalents, End of Period 36,814 46,034 58,782
Supplemental Cash Flow Information      
Cash paid for interest expense 49,507 11,647 1,782
Cash paid for income taxes $ 35,465 $ 62,861 $ 46,225