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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities    
Net earnings $ 26,969 $ 35,675
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 6,971 6,519
Right-of-use asset amortization 3,815 3,846
(Gain) loss on sale of property and equipment 17 (12)
Equity-based compensation expense 7,403 7,282
Deferred income taxes (4,918) (5,026)
Inventory write-down 1,512 2,684
Changes in operating assets and liabilities:    
Inventories (4,486) (550)
Prepaid expenses and other assets 225 1,986
Accounts payable (3,310) (1,171)
Other liabilities (8,525) (28,849)
Net cash provided by (used in) operating activities 25,673 22,384
Cash flows from investing activities    
Proceeds from the settlement of net investment hedges 1,125 3,775
Payments for net investment hedge (870) (1,271)
Proceeds from sale of property and equipment 3 13
Purchases of property and equipment (5,872) (5,716)
Net cash provided by (used in) investing activities (5,614) (3,199)
Cash flows from financing activities    
Repurchase of common stock (9,444) 0
Borrowings on line of credit 691 750
Payments on line of credit (1,476) (750)
Payments related to tax withholding for net-share settled equity awards (3,070) (2,916)
Payments for contingent consideration 0 (338)
Net cash provided by (used in) financing activities (13,299) (3,254)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (4,831) (4,310)
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,929 11,621
Cash, cash equivalents, and restricted cash at beginning of period 333,246 291,320
Cash, cash equivalents, and restricted cash at end of period 335,175 302,941
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 332,423 300,183
Restricted cash included in other assets 2,752 2,758
Total cash, cash equivalents, and restricted cash 335,175 302,941
Cash paid during the period for:    
Interest 72 3
Income taxes 26,572 28,817
Cash received during the period for:    
Income tax refund 5 680
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 613 4,688
Accrued purchases of property and equipment 57 132
Accrued excise tax for repurchase of common stock $ 39 $ 0

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