XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash flows provided by (used in) operating activities:    
Net income $ 23,694 $ 9,310
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,863 12,820
Loss on disposal of property, plant and equipment 271 143
Lease expense 859  
Bad debt expense   47
Stock-based compensation expense 2,066 1,491
Deferred income taxes 1,029 178
Changes in operating assets and liabilities:    
Accounts receivable (20,452) (16,615)
Inventories (15,353) (8,166)
Prepaid expenses, income tax receivable and other assets 1,336 (4,689)
Accounts payable 14,400 2,299
Accrued expenses and other current liabilities (6,465) (6,575)
Net lease liabilities (624)  
Other liabilities 19 (658)
Net cash provided by (used in) operating activities 13,643 (10,415)
Cash flows used in investing activities:    
Purchases of property, plant and equipment (22,080) (11,477)
Proceeds from disposal of property, plant and equipment 1 2
Change in restricted cash 28 111
Net cash used in investing activities (22,051) (11,364)
Cash flows provided by financing activities:    
Repurchase of Class A Common Stock   (16,640)
Proceeds from exercise of stock options 2,768 19,304
Cash paid on note payable (72) (63)
Net proceeds from sale of investment shares 200 186
Net cash provided by financing activities 2,896 2,787
Change in cash and cash equivalents (5,512) (18,992)
Cash and cash equivalents at beginning of year 108,399 65,637
Cash and cash equivalents at end of period 102,887 46,645
Supplemental disclosure of cash flow information:    
Income taxes paid 207 459
Cash paid for amounts included in measurement of lease liabilities 901  
Right-of-use assets obtained in exchange for lease obligations 27,037  
Decrease in accounts receivable for ASU 2014-09 adoption   (1,310)
Increase in accounts payable for purchase of property, plant and equipment $ 118 $ 2,741