Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.24.1.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
OPERATING ACTIVITIES    
Net income $ 59,507 $ 66,296
Adjustments to reconcile net income to cash provided (used) by operating activities:    
Depreciation and amortization 9,505 9,127
Stock-based compensation 5,768 1,002
Provision for doubtful accounts 1,008 1,877
Other 1,614 2,642
Changes in operating assets and liabilities:    
Accounts receivable (24,620) 2,851
Inventories (1,441) (59,903)
Accounts payable 7,807 (42,965)
Income taxes 11,089 12,237
Accrued and other current liabilities (11,869) (11,259)
Other assets and liabilities (1,900) 5,473
Cash provided (used) by operating activities 56,468 (12,622)
INVESTING ACTIVITIES    
Property, plant and equipment expenditures (4,491) (6,463)
Capitalized computer software (1,154) (5,483)
Other (787) 149
Cash used by investing activities (6,432) (11,797)
FINANCING ACTIVITIES    
Borrowings under revolving credit facility 0 178,000
Repayments under revolving credit facility 0 (128,000)
Repayments of term loan (5,000) (2,500)
Repurchases of Common Stock (20,105) 0
Dividends paid (27,844) (26,808)
Shares withheld for taxes, net of proceeds from issuance of Common Stock (1,665) (3,619)
Other 0 (57)
Cash (used) provided by financing activities (54,614) 17,016
Effect of foreign currency rate changes on cash and cash equivalents 4,587 901
Net change in cash and cash equivalents 9 (6,502)
Cash and cash equivalents – beginning of period 215,050 59,179
Cash and cash equivalents – end of period $ 215,059 $ 52,677