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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Cash flows from operating activities:    
Net income $ 46,664 $ 53,980
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,513 17,177
Amortization of tradenames 250 995
Amortization of debt issuance costs 373 361
Non-cash stock-based compensation expense 4,779 4,556
Foreign currency (gain) loss, net (62) 3,780
Income tax benefit from stock-based compensation 0 (3,144)
Loss on disposal of property, plant, and equipment 189 192
Deferred income taxes 3,491 2,226
Effect of changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net 16,247 15,247
Finished goods inventories 82,086 96,056
Prepaid expenses and other assets (15,350) (576)
Accounts payable and other liabilities (74,000) (62,568)
Net cash provided by operating activities 84,180 128,282
Cash flows from investing activities:    
Capital expenditures (17,991) (25,552)
Acquisition of Skip Hop Holdings, Inc., net of cash acquired (143,704) 0
Net cash used in investing activities (161,695) (25,552)
Cash flows from financing activities:    
Borrowing under secured revolving credit facility 20,000 0
Payment on secured revolving credit facility (18,965) 0
Repurchases of common stock (46,627) (71,561)
Dividends paid (17,998) (17,032)
Income tax benefit from stock-based compensation 0 3,144
Withholdings from vestings of restricted stock (5,552) (8,454)
Proceeds from exercises of stock options 1,626 3,747
Net cash used in financing activities 67,516 90,156
Effect of exchange rate changes on cash and cash equivalents (49) 1,358
Net (decrease) increase in cash and cash equivalents (145,080) 13,932
Cash and cash equivalents, beginning of period 299,358 381,209
Cash and cash equivalents, end of period $ 154,278 $ 395,141