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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Cash Flows from Operating Activities:    
Net income $ 73,112 $ 64,348
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 19,600 16,850
Provision for doubtful accounts 56 31
Benefit for deferred income taxes (551) (213)
Provision for stock-based compensation 4,270 4,491
Changes in assets and liabilities:    
Accounts receivable 55,341 14,605
Inventories (102,824) (58,039)
Prepaids and other current assets (7,347) (8,288)
Other assets (726) (3,451)
Accounts payable 25,565 8,818
Accrued customer rebates and returns (2,917) 9,826
Accrued compensation and other liabilities (26,193) (9,891)
Cash provided by operating activities 37,386 39,087
Cash Flows from Investing Activities:    
Proceeds from purchase price adjustment 595  
Property, plant and equipment additions (16,100) (10,153)
Cash used in investing activities (15,505) (10,153)
Cash Flows from Financing Activities:    
Payments of revolving credit line (10,000)  
Proceeds from exercise of stock options 894 736
Purchase and cancellation of common stock (18,195) (30,848)
Other stock-related activity (1,386) 1,141
Cash used in financing activities (28,687) (28,971)
Effect of exchange rate changes on Cash and Cash Equivalents (10)  
Net Decrease in Cash and Cash Equivalents (6,816) (37)
Cash and Cash Equivalents, Beginning of Period 58,782 155,576
Cash and Cash Equivalents, End of Period 51,966 155,539
Supplemental Cash Flow Information    
Cash paid for interest expense 2,285 140
Cash paid for income taxes $ 36,700 $ 26,436