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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash flows provided by operating activities:    
Net income $ 51,550 $ 32,845
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,089 26,011
Impairment of assets 243 517
Loss on disposal of property, plant and equipment 104 26
Lease expense 1,789  
Bad debt (recovery) expense (1) 27
Stock-based compensation expense 5,810 4,570
Deferred income taxes 6,283 775
Changes in operating assets and liabilities:    
Accounts receivable (35,346) (21,651)
Inventories (14,942) (18,636)
Prepaid expenses, income tax receivable and other assets (10,962) 217
Accounts payable 26,320 20,563
Accrued expenses and other current liabilities (101) 8,721
Net lease liabilities (1,391)  
Other liabilities 85 (244)
Net cash provided by operating activities 55,530 53,741
Cash flows used in investing activities:    
Purchases of property, plant and equipment (44,578) (25,470)
Proceeds from disposal of property, plant and equipment 179 2
Cash paid for merger (158,402)  
Change in restricted cash (188) 98
Net cash used in investing activities (202,989) (25,370)
Cash flows provided by (used in) financing activities:    
Repurchase of Class A Common Stock   (39,725)
Proceeds from exercise of stock options 4,146 21,529
Net cash paid on note payable and capital lease (115) (78)
Cash borrowed on line of credit 86,000  
Cash paid on line of credit (48,500)  
Net proceeds from sale of investment shares 546 445
Net cash provided (used in) by financing activities 42,077 (17,829)
Change in cash and cash equivalents (105,382) 10,542
Cash and cash equivalents at beginning of year 108,399 65,637
Cash and cash equivalents at end of period 3,017 76,179
Supplemental disclosure of cash flow information:    
Income taxes paid 13,697 3,355
Cash paid for amounts included in measurement of lease liabilities 1,976  
Right-of-use assets obtained in exchange for operating lease obligations 38,524  
Right-of-use assets obtained in exchange for capital lease obligations 2,837  
Decrease in accounts receivable for ASU 2014-09 adoption   (1,310)
Increase in accounts payable for purchase of property, plant and equipment $ 1,484 $ 774