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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 14,676 $ 18,265
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,929 11,731
Provision for inventory excess and obsolescence 1,424 2,067
Share-based compensation 6,077 6,466
Deferred income taxes (3,711) (3,695)
Inventory acquisition fair value adjustments 2,777  
Other 312 520
Changes in assets and liabilities which (used)/provided cash, excluding effects from business acquisitions:    
Accounts receivable (4,162) (2,920)
Inventories (3,781) 52
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets (954) 940
Accounts payable, income taxes payable, accrued expenses and other current liabilities 7,052 (22,295)
Other non-current assets and liabilities 190 (886)
Net cash provided by operating activities 32,829 10,245
Cash flows from investing activities:    
Cash paid for business acquisitions, net of working capital adjustments (191,200)  
Purchases of property, plant and equipment (6,415) (3,620)
Net cash used in investing activities (197,615) (3,620)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 198,000  
Repayments under term loan and revolving credit facilities (35,976) (15,309)
Payments of withholding taxes from share-based awards (8,385) (9,601)
Other financing activities (176) (156)
Net cash provided by (used in) financing activities 153,463 (25,066)
Effect of exchange rates on cash and cash equivalents (208) 1,012
Decrease in cash and cash equivalents (11,531) (17,429)
Cash and cash equivalents, beginning of the period 105,051 100,105
Cash and cash equivalents, end of the period 93,520 82,676
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,848 6,137
Cash paid for income taxes 1,410 4,371
Income tax refunds received $ 557 $ 182