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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating Activities    
Net income and comprehensive income $ 15,348 $ 30,535
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 11,137 13,046
Stock-based compensation 2,152 1,948
Excess and obsolescence inventory reserve (467)
Gain on sale of assets (2)
Deferred income taxes (2,751) (3,950)
Changes in operating assets and liabilities:    
Trade receivables 3,745 12,383
Inventories 6,945 (4,423)
Trade accounts payable and accrued expenses (2,770) (5,654)
Contract liability with customers (149) (931)
Employee compensation and benefits (8,469) (8,882)
Product liability (305) 199
Prepaid expenses, other assets and other liabilities 1,669 (11,285)
Income taxes payable (1,171)
Cash provided by operating activities 26,085 21,813
Investing Activities    
Property, plant and equipment additions (10,414) (4,873)
Proceeds from sale of assets 3
Purchases of short-term investments (76,409) (117,977)
Proceeds from maturities of short-term investments 80,404 150,898
Cash (used for) provided by investing activities (6,419) 28,051
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (624) (2,156)
Repurchase of common stock (20,276)
Dividends paid (6,787) (101,425)
Cash used for financing activities (27,687) (103,581)
Decrease in cash and cash equivalents (8,021) (53,717)
Cash and cash equivalents at beginning of period 15,174 65,173
Cash and cash equivalents at end of period $ 7,153 $ 11,456