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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash Flows from Operating Activities:    
Net income $ 64,348 $ 36,660
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 16,850 15,035
Gain on equity method investment   (2,498)
Provision for doubtful accounts 31 105
Benefit for deferred income taxes (213) (1,074)
Provision for stock-based compensation 4,491 2,718
Changes in assets and liabilities:    
Accounts receivable 14,605 151,818
Inventories (58,039) 11,564
Prepaids and other current assets (8,288) 2,462
Other assets (3,451) (4,779)
Accounts payable 8,818 (8,665)
Accrued customer rebates and returns 9,826 7,557
Accrued compensation and other liabilities (9,891) 8,498
Cash provided by operating activities 39,087 219,401
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired   (14,308)
Property, plant and equipment additions (10,153) (7,143)
Cash used in investing activities (10,153) (21,451)
Cash Flows from Financing Activities:    
Proceeds of revolving credit line   99,000
Proceeds from exercise of stock options 736  
Other stock-related activity 1,141 120
Purchase and cancellation of common stock (30,848) (5,865)
Cash (used in) provided by financing activities (28,971) 93,255
Net (Decrease) Increase in Cash and Cash Equivalents (37) 291,205
Cash and Cash Equivalents, Beginning of Period 155,576 68,353
Cash and Cash Equivalents, End of Period 155,539 359,558
Supplemental Cash Flow Information    
Cash paid for interest expense 140 433
Cash paid for income taxes $ 26,436 $ 1,750