XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Cash Flows from Operating Activities:    
Net income $ 35,207 $ 32,730
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 9,743 7,267
Provision for doubtful accounts 29 18
Provision for stock-based compensation 2,152 2,111
Changes in assets and liabilities:    
Accounts receivable 16,727 8,338
Inventories (33,034) (38,978)
Prepaids and other current assets (853) (2,017)
Other assets (1,976) (1,270)
Accounts payable (12,392) 737
Accrued customer rebates and returns 7,202 8,215
Accrued compensation and other liabilities 409 3,869
Cash provided by operating activities 23,214 21,020
Cash Flows from Investing Activities:    
Proceeds from purchase price adjustment 595  
Property, plant and equipment additions (7,247) (6,207)
Cash used in investing activities (6,652) (6,207)
Cash Flows from Financing Activities:    
Payments of revolving credit line (10,000)  
Other stock-related activity (1,211) (932)
Proceeds from exercise of stock options   289
Purchase and cancellation of common stock (10,752) (3,143)
Cash used in financing activities (21,963) (3,786)
Effect of exchange rate changes on Cash and Cash Equivalents 46  
Net (Decrease) Increase in Cash and Cash Equivalents (5,355) 11,027
Cash and Cash Equivalents, Beginning of Period 58,782 155,576
Cash and Cash Equivalents, End of Period 53,427 166,603
Supplemental Cash Flow Information    
Cash paid for interest expense 999 77
Cash paid for income taxes $ 712 $ 167