XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Cash flows provided by operating activities:    
Net income $ 66,338 $ 159,143
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,953 48,937
Impairment of assets 15,389 2,796
Gain on disposal of property, plant and equipment (202) (173)
Change in right-of-use assets 5,959 5,465
Other non-cash (income) expense (92) 746
Stock-based compensation expense 14,002 10,735
Deferred income taxes (9,370) 14,160
Changes in operating assets and liabilities:    
Accounts receivable (5,184) (39,775)
Inventories (71,104) (23,072)
Prepaid expenses, income tax receivable and other current assets (39,239) 43
Third-party production prepayments (2,733) (21,397)
Other assets (5,682) (516)
Accounts payable 17,781 33,020
Accrued expenses and other current liabilities 18,127 18,024
Change in operating lease liabilities (6,102) (1,887)
Other liabilities 124 2,671
Net cash provided by operating activities 50,965 208,920
Cash flows used in investing activities:    
Purchases of property, plant and equipment (120,887) (100,341)
Proceeds from disposal of property, plant and equipment 1,142 72
Other investing activities 145 392
Net cash used in investing activities (119,600) (99,877)
Cash flows (used in) provided by financing activities:    
Proceeds from exercise of stock options and sale of investment shares 8,571 14,015
Net cash paid on note payable and finance leases (1,181) (906)
Cash borrowed on line of credit   100,000
Cash paid on line of credit   (100,000)
Payment of tax withholding on stock-based payment awards and investment shares (15,533) (1,692)
Net cash (used in) provided by financing activities (8,143) 11,417
Change in cash and cash equivalents (76,778) 120,460
Cash and cash equivalents at beginning of year 163,282 36,670
Cash and cash equivalents at end of period 86,504 157,130
Supplemental disclosure of cash flow information:    
Income taxes paid 53,712 17,309
Cash paid for amounts included in measurement of lease liabilities    
Operating cash flows from operating leases 7,823 6,949
Operating cash flows from finance leases 95 106
Financing cash flows from finance leases 1,110 838
Right-of-use-assets obtained in exchange for operating lease obligations 1,961 11,698
Right-of-use-assets obtained in exchange for finance lease obligations 472 2,689
Change in purchase of property, plant and equipment in accounts payable and accrued expenses $ (10,489) $ (3,390)