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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 22,775 $ 23,407
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 7,496 7,265
Gain on equity method investment (2,498)  
Provision for doubtful accounts 14  
Benefit for deferred income taxes (912)  
Provision for stock-based compensation 1,214 915
Changes in assets and liabilities:    
Accounts receivable (29,491) 13,333
Inventories 28,016 (18,184)
Prepaids and other current assets 2,262 (3,685)
Other assets (2,219) 1,925
Accounts payable (19,346) (11,091)
Accrued customer rebates and returns 4,471 (497)
Accrued compensation and other liabilities 6,808 3,043
Cash provided by operating activities 18,590 16,431
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired (14,462)  
Property, plant and equipment additions (3,505) (8,838)
Cash used in investing activities (17,967) (8,838)
Cash Flows from Financing Activities:    
Net proceeds of revolving credit line 99,000  
Other stock related activity (418) (622)
Purchase and cancellation of common stock (5,780) (9,635)
Cash provided by (used in) financing activities 92,802 (10,257)
Net Increase (Decrease) in Cash and Cash Equivalents 93,425 (2,664)
Cash and Cash Equivalents, Beginning of Period 68,353 43,458
Cash and Cash Equivalents, End of Period 161,778 40,794
Supplemental Cash Flow Information    
Cash paid for interest expense 20 61
Cash paid for income taxes $ 62 $ 74