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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Cash Flows from Operating Activities:    
Net income $ 78,975 $ 103,713
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 40,786 31,131
Fair value adjustment to contingent consideration (13,400) 0
Provision for doubtful accounts 2,721 80
Provision (benefit) for deferred income taxes 3,319 (546)
Provision for stock-based compensation 8,407 6,742
Changes in assets and liabilities:    
Accounts receivable (59,786) 39,325
Inventories 130,156 (146,278)
Prepaids and other current assets (6,597) (7,228)
Other assets (3,981) 157
Accounts payable (21,615) 17,887
Accrued customer rebates and returns (101) 11,712
Accrued compensation and other liabilities (9,774) (27,351)
Cash provided by operating activities 149,110 29,344
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired 67 595
Property, plant and equipment additions (32,936) (23,780)
Cash used in investing activities (32,869) (23,185)
Cash Flows from Financing Activities:    
Payments of revolving credit line (119,700) (10,000)
Payments of long-term debt (9,375) 0
Proceeds from exercise of stock options 1,167 971
Purchase and cancellation of common stock (1,008) (19,717)
Other stock-related activity (1,389) (664)
Cash used in financing activities (130,305) (29,410)
Effect of exchange rate changes on Cash and Cash Equivalents (17) (96)
Net Decrease in Cash and Cash Equivalents (14,081) (23,347)
Cash and Cash Equivalents, Beginning of Period 46,034 58,782
Cash and Cash Equivalents, End of Period 31,953 35,435
Supplemental Cash Flow Information    
Cash paid for interest expense 38,613 4,366
Cash paid for income taxes $ 27,242 $ 49,670