XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Cash flows from operating activities:    
Net income $ 9,602 $ 4,992
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation of property, plant, and equipment 994 865
Amortization of intangibles 8 9
Change in net pension liability 41 127
Loss on disposal of property and equipment   2
Stock-based compensation expense 3,894 3,330
Provision for sales returns and bad debts (194) 103
Inventory provision 434 384
Changes in working capital:    
Accounts receivable (3,927) 1,138
Inventories (1,483) 984
Prepayments, deposits, and other current assets (4,505) (143)
Accounts payable 2,668 (399)
Other current liabilities (12,142) (4,626)
Net cash provided by (used in) operating activities (4,610) 6,766
Cash flows from investing activities:    
Acquisition of property and equipment (2,539) (2,159)
Net cash used in investing activities (2,539) (2,159)
Cash flows from financing activities:    
Repayment of finance lease obligations (18) (235)
Proceeds from the exercise of stock options 912 6,234
Proceeds from vested restricted stock   1
Net cash provided by financing activities 894 6,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash (384) (716)
Increase (decrease) in cash, cash equivalents and restricted cash (6,639) 9,891
Cash and cash equivalents, at beginning of the period 199,706 152,453
Cash and cash equivalents, at end of the period $ 193,067 $ 162,344