v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash flows from operating activities    
Net earnings $ 56,555 $ 96,185
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 10,101 9,754
Right-of-use asset amortization 6,057 6,778
(Gain) loss on sale of property and equipment 138 45
Equity-based compensation expense 9,815 11,039
Deferred income taxes (8,314) (2,603)
Changes in operating assets and liabilities:    
Inventories 14,241 (8,608)
Prepaid expenses and other assets 1,160 1,650
Accounts payable (2,742) (4,223)
Other liabilities (23,572) (13,712)
Net cash provided by (used in) operating activities 63,439 96,305
Cash flows from investing activities    
Receipts on notes receivable 0 116
Proceeds from the settlement of net investment hedges 4,555 0
Payments for net investment hedge 0 (1,555)
Payments to acquire assets (6,532) 0
Proceeds from sale of property and equipment 4 15
Purchases of property and equipment (7,115) (9,610)
Net cash provided by (used in) investing activities (9,088) (11,034)
Cash flows from financing activities    
Repurchase of common stock (25,382) (145,926)
Borrowings on line of credit 11,000 0
Payments on line of credit (11,000) 0
Payments related to tax withholding for net-share settled equity awards (4,556) (3,041)
Net cash provided by (used in) financing activities (29,938) (148,967)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (17,702) (351)
Net increase (decrease) in cash, cash equivalents, and restricted cash 6,711 (64,047)
Cash, cash equivalents, and restricted cash at beginning of period 243,653 315,937
Cash, cash equivalents, and restricted cash at end of period 250,364 251,890
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 246,879 248,695
Total cash, cash equivalents, and restricted cash 250,364 251,890
Cash paid during the period for:    
Interest 47 8
Income taxes 39,204 49,065
Cash received during the period for:    
Income tax refund 96 138
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 5,108 1,948
Accrued purchases of property and equipment 204 245
Contingent consideration given to acquire assets 886 0
Unsettled trades for repurchase of common stock 0 2,980
Prepaid Expenses and Other Current Assets    
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Restricted cash 0 93
Other Noncurrent Assets    
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Restricted cash $ 3,485 $ 3,102

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