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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash Flows from Operating Activities:    
Net income $ 32,828 $ 5,683
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 13,851 13,540
Provision for doubtful accounts 11 2,744
Provision for deferred income taxes 475 0
Provision for stock-based compensation 2,931 2,334
Changes in assets and liabilities:    
Accounts receivable 40,454 (4,673)
Inventories 17,235 68,935
Prepaids and other current assets 2,377 (591)
Other assets (918) (2,130)
Accounts payable (45,084) (34,258)
Accrued customer rebates and returns (18,156) (21,683)
Accrued compensation and other liabilities 5,976 (3,691)
Cash provided by operating activities 51,980 26,210
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired 0 267
Property, plant and equipment additions (10,755) (10,537)
Cash used in investing activities (10,755) (10,270)
Cash Flows from Financing Activities:    
Payments of revolving credit line (11,600) (23,900)
Payments of long-term debt (3,125) (3,125)
Proceeds from exercise of stock options 340 1,049
Purchase and cancellation of common stock (27,609) (433)
Other stock-related activity (1,573) (2,254)
Cash used in financing activities (43,567) (28,663)
Effect of exchange rate changes on Cash and Cash Equivalents (39) (4)
Net Decrease in Cash and Cash Equivalents (2,381) (12,727)
Cash and Cash Equivalents, Beginning of Period 36,814 46,034
Cash and Cash Equivalents, End of Period 34,433 33,307
Supplemental Cash Flow Information    
Cash paid for interest expense 10,397 11,534
Cash paid for income taxes $ 839 $ 1,055