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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Cash Flows from Operating Activities:    
Net income $ 32,730 $ 22,775
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 7,267 7,496
Gain on equity method investment   (2,498)
Provision for doubtful accounts 18 14
Benefit for deferred income taxes   (912)
Provision for stock-based compensation 2,111 1,214
Changes in assets and liabilities:    
Accounts receivable 8,338 (29,491)
Inventories (38,978) 28,016
Prepaids and other current assets (2,017) 2,262
Other assets (1,270) (2,219)
Accounts payable 737 (19,346)
Accrued customer rebates and returns 8,215 4,471
Accrued compensation and other liabilities 3,869 6,808
Cash provided by operating activities 21,020 18,590
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired   (14,462)
Property, plant and equipment additions (6,207) (3,505)
Cash used in investing activities (6,207) (17,967)
Cash Flows from Financing Activities:    
Proceeds of revolving credit line   99,000
Proceeds from exercise of stock options 289  
Other stock-related activity (932) (418)
Purchase and cancellation of common stock (3,143) (5,780)
Cash (used in) provided by financing activities (3,786) 92,802
Net Increase in Cash and Cash Equivalents 11,027 93,425
Cash and Cash Equivalents, Beginning of Period 155,576 68,353
Cash and Cash Equivalents, End of Period 166,603 161,778
Supplemental Cash Flow Information    
Cash paid for interest expense 77 20
Cash paid for income taxes $ 167 $ 62