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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash flows from operating activities--    
Net earnings $ 69,013 $ 65,420
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense [1] 25,514 20,024
Non-cash share-based compensation 1,069 145
Deferred income taxes 984 2,568
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net 11,743 1,041
Inventories, net (54,532) (9,129)
Prepaid expenses and other assets 7,036 19,326
Accounts payable 4,573 (3,404)
Accrued expenses and other liabilities (31,452) (51,243)
Net cash provided by operating activities 33,948 44,748
Cash flows from investing activities--    
Additions to property and equipment (8,095) (16,657)
Purchase of tradename 0 (5,399)
Acquisitions, net of cash acquired (12,397) (29,459)
Net cash (used in) investing activities (20,492) (51,515)
Cash flows from financing activities--    
Proceeds under Credit Facility 103,957 234,344
Repayments under Credit Facility 102,107 215,862
Net repayments under international credit facilities (72) (114)
Net repayments under other debt arrangement (175) (3)
Payments of deferred purchase price (446) 0
Repurchase of treasury stock (5,268) 0
Net cash (used in) provided by financing activities (4,111) 18,365
Effect of exchange rates on cash and cash equivalents 164 2,038
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents 9,509 13,636
Cash and cash equivalents at beginning of year 71,701 89,654
Cash and cash equivalents at end of quarter $ 81,210 $ 103,290
[1] Non-operating expenses are not allocated to the operating segments. Non-operating expenses consist of interest expense and deferred financing amortization, foreign exchange gains and losses and other income and expense items outside of income from operations.