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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Cash flows from operating activities:    
Net income $ 22,640 $ 13,559
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant, and equipment 2,024 1,754
Amortization of intangibles 15 17
Deferred income taxes   845
Change in net pension liability 52 (27)
Loss on disposal of property and equipment   2
Stock-based compensation expense 9,648 7,322
Provision for sales returns and bad debts 800 932
Inventory provision 1,428 697
Changes in working capital:    
Accounts receivable (20,137) (13,797)
Inventories (1,825) 2,238
Prepayments, deposits, and other current assets (2,260) (307)
Accounts payable 3,243 (268)
Other current liabilities (6,992) 181
Net cash provided by operating activities 8,636 13,148
Cash flows from investing activities:    
Acquisition of property and equipment (7,810) (5,683)
Net cash used in investing activities (7,810) (5,683)
Cash flows from financing activities:    
Repayment of finance lease obligations (45) (278)
Proceeds from the exercise of stock options 3,146 14,110
Proceeds from vested restricted stock   1
Net cash provided by financing activities 3,101 13,833
Effect of exchange rate changes on cash and cash equivalents (1,143) (668)
Increase in cash and cash equivalents 2,784 20,630
Cash and cash equivalents, at beginning of the period 199,706 152,453
Cash and cash equivalents, at end of the period $ 202,490 $ 173,083