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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 135,491 $ 78,975
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 43,015 40,786
Fair value adjustment to contingent consideration 0 (13,400)
Provision for doubtful accounts 74 2,721
Provision for deferred income taxes 694 3,319
Provision for stock-based compensation 10,547 8,407
Changes in assets and liabilities:    
Accounts receivable (44,304) (59,786)
Inventories (27,962) 130,156
Prepaids and other current assets (4,450) (6,597)
Other assets (406) (3,981)
Accounts payable 29,067 (21,615)
Accrued customer rebates and returns 3,784 (101)
Accrued compensation and other liabilities 14,072 (9,774)
Cash provided by operating activities 159,622 149,110
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired 0 67
Property, plant and equipment additions (31,245) (32,936)
Cash used in investing activities (31,245) (32,869)
Cash Flows from Financing Activities:    
Payments of revolving credit line (31,000) (119,700)
Payments of long-term debt (9,375) (9,375)
Payment of deferred acquisition consideration (200) 0
Proceeds from exercise of stock options 1,766 1,167
Purchase and cancellation of common stock (79,923) (1,008)
Other stock-related activity (1,301) (1,389)
Cash used in financing activities (120,033) (130,305)
Effect of exchange rate changes on Cash and Cash Equivalents (31) (17)
Net Increase (Decrease) in Cash and Cash Equivalents 8,313 (14,081)
Cash and Cash Equivalents, Beginning of Period 36,814 46,034
Cash and Cash Equivalents, End of Period 45,127 31,953
Supplemental Cash Flow Information    
Cash paid for interest expense 26,865 38,613
Cash paid for income taxes $ 39,761 $ 27,242