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
 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 88,100 $ (35,974)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Depreciation and amortization 17,749 15,219
Stock-based compensation 20,660 7,160
Provision for doubtful accounts 783 18,012
Other 5,788 (18,346)
Changes in operating assets and liabilities:    
Accounts receivable 14,315 50,319
Inventories (63,006) 20,510
Accounts payable 31,822 (37,988)
Income taxes 3,075 (1,810)
Accrued liabilities 4,791 (9,760)
Other assets and liabilities (3,912) (2,915)
Cash provided by operating activities 120,165 4,427
INVESTING ACTIVITIES    
Property, plant and equipment expenditures (3,320) (11,895)
Capitalized computer software (16,993) (25,605)
Other (902) (1,673)
Cash used by investing activities (21,215) (39,173)
FINANCING ACTIVITIES    
Borrowings under revolving credit facility 0 512,500
Repayments under revolving credit facility 0 (287,500)
Payment of deferred financing costs 0 (4,346)
Repayments of term loans (125,000) 0
Dividends paid (46,016) (31,877)
Proceeds from issuance of Common Stock, net of shares withheld for taxes 663 (1,854)
Other (176) (718)
Cash (used) provided by financing activities (170,529) 186,205
Effect of foreign currency rate changes on cash and cash equivalents (931) (1,991)
Net change in cash and cash equivalents (72,510) 149,468
Cash and cash equivalents – beginning of period 248,138 106,808
Cash and cash equivalents – end of period $ 175,628 $ 256,276