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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash Flows from Operating Activities:    
Net income $ 80,238 $ 38,453
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 28,203 26,969
Fair value adjustment to contingent consideration 0 (12,400)
Provision for doubtful accounts (15) 2,357
Provision for deferred income taxes 472 2,980
Provision for stock-based compensation 6,780 5,435
Changes in assets and liabilities:    
Accounts receivable 627 (27,522)
Inventories 16,745 113,331
Prepaids and other current assets (5,739) (12,229)
Other assets (3,339) (3,526)
Accounts payable (12,112) (28,028)
Accrued customer rebates and returns (806) (2,713)
Accrued compensation and other liabilities 4,275 (10,221)
Cash provided by operating activities 115,329 92,886
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired 0 67
Property, plant and equipment additions (22,690) (23,269)
Cash used in investing activities (22,690) (23,202)
Cash Flows from Financing Activities:    
Payments of revolving credit line (23,300) (72,800)
Payments of long-term debt (6,250) (6,250)
Payment of deferred acquisition consideration (200) 0
Proceeds from exercise of stock options 559 1,130
Purchase and cancellation of common stock (52,033) (828)
Other stock-related activity (704) (1,343)
Cash used in financing activities (81,928) (80,091)
Effect of exchange rate changes on Cash and Cash Equivalents (58) 39
Net Increase (Decrease) in Cash and Cash Equivalents 10,653 (10,368)
Cash and Cash Equivalents, Beginning of Period 36,814 46,034
Cash and Cash Equivalents, End of Period 47,467 35,666
Supplemental Cash Flow Information    
Cash paid for interest expense 20,332 26,745
Cash paid for income taxes $ 26,374 $ 14,779