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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 30, 2018
USD ($)
Dec. 31, 2017
USD ($)
Jan. 01, 2017
USD ($)
OPERATING ACTIVITIES:  
Net income 50,253 53,246 $ 54,162
Adjustments to reconcile income to cash provided by operating activities      
Depreciation and amortization 39,084 30,261 30,632
Stock compensation amortization expense 14,496 7,247 5,873
Loss on disposal of impaired assets 8,569 0 0
Enactment of U.S. Tax Cuts and Jobs Act expenses (benefit) (6,739) 15,174 0
Bad debt expense 222 219 145
Deferred income taxes and other (11,709) 8,154 468
Amortization of acquired intangible assets 5,387 0 0
Amortization of acquired inventory step-up 26,666 0 0
Working capital changes:      
Accounts receivable (10,113) (10,313) (372)
Inventories (18,784) (13,629) 2,686
Prepaid expenses and other current assets (15,501) 1,019 (7,720)
Accounts payable and accrued expenses 9,936 11,975 12,184
Cash provided by operating activities 91,767 103,353 98,058
INVESTING ACTIVITIES:      
Capital expenditures (54,857) (30,474) (28,071)
Cash paid for business, net of cash acquired (400,697) 0 0
Other (131) (614) 1,642
Cash used in investing activities (455,685) (31,088) (26,429)
FINANCING ACTIVITIES:      
Revolving loan borrowing 17,000 25,000 87,400
Revolving loan repayments (64,504) (57,014) (17,575)
Term loan borrowing 462,847 0 0
Term loan repayments (14,162) (15,000) (12,500)
Repurchase of common stock (14,485) (91,576) (18,496)
Dividends paid (15,471) (15,487) (14,285)
Tax Withholding Payments for Share-Based Compensation (1,187) (1,479) (4,895)
Debt issuance costs (8,806) (1,427) 0
Proceeds from issuance of common stock 294 0 0
Cash provided by (used in) financing activities 361,526 (156,983) 19,649
Net cash provided by (used in) operating, investing and financing activities (2,392) (84,718) 91,278
Effect of exchange rate changes on cash (3,656) 6,083 (1,302)
CASH AND CASH EQUIVALENTS:      
Net increase (decrease) (6,048) (78,635) 89,976
Balance, beginning of year 87,037 165,672 75,696
Balance, end of year $ 80,989 $ 87,037 $ 165,672