Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 64,463 $ (2,712)
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities:    
Depreciation and amortization 8,993 7,385
Stock-based compensation 10,426 2,466
Provision for doubtful accounts 1,386 9,339
Other 2,977 (12,600)
Changes in operating assets and liabilities:    
Accounts receivable 5,871 (1,765)
Inventories (11,131) (36,566)
Accounts payable 28,604 3,664
Income taxes 6,983 (3,676)
Accrued liabilities (191) (15,049)
Other assets and liabilities 4 4,097
Cash provided (used) by operating activities 118,385 (45,417)
INVESTING ACTIVITIES    
Property, plant and equipment expenditures (1,992) (10,423)
Capitalized computer software (9,568) (8,781)
Other (201) (3,104)
Cash used by investing activities (11,761) (22,308)
FINANCING ACTIVITIES    
Borrowings under revolving credit facility 0 512,500
Repayments under revolving credit facility 0 (37,500)
Repayments of term loans (100,000) 0
Dividends paid (22,964) (31,877)
Proceeds from issuance of Common Stock, net of shares withheld for taxes (412) (1,855)
Other (125) 2,566
Cash (used) provided by financing activities (123,501) 443,834
Effect of foreign currency rate changes on cash and cash equivalents (1,719) (3,551)
Net change in cash and cash equivalents (18,596) 372,558
Cash and cash equivalents – beginning of period 248,138 106,808
Cash and cash equivalents – end of period $ 229,542 $ 479,366