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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Operating Activities    
Net income $ 38,192 $ 15,338
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 7,501 7,214
Stock-based compensation 3,381 1,354
(Gain) loss on sale of assets (11)
Deferred income taxes 2,406 1,530
Changes in operating assets and liabilities:    
Trade receivables (15,289) (3,196)
Inventories 323 10,012
Trade accounts payable and accrued expenses (1,836) (266)
Contract liability to customers (84) (1,060)
Employee compensation and benefits (16,495) 127
Product liability (108) (58)
Prepaid expenses, other assets and other liabilities 530 (2,384)
Income taxes payable 9,260 2,460
Cash provided by operating activities 27,770 31,071
Investing Activities    
Property, plant and equipment additions (5,516) (4,094)
Proceeds from sale of assets 11
Purchases of short-term investments (146,992) (89,535)
Proceeds from maturities of short-term investments 146,002 69,448
Cash used for investing activities (6,495) (24,181)
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (4,801) (1,297)
Dividends paid (12,484) (3,034)
Cash used for financing activities (17,285) (4,331)
Increase in cash and cash equivalents 3,990 2,559
Cash and cash equivalents at beginning of period 20,147 35,420
Cash and cash equivalents at end of period $ 24,137 $ 37,979