v3.19.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net earnings $ 45,550 $ 62,853
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 7,654 8,685
Right-of-use asset amortization 3,977  
(Gain) loss on sale of property and equipment 26 1,777
Equity-based compensation expense 8,601 7,058
Deferred income taxes (10,722) (5,293)
(Gain) loss on impairment on note receivable   (658)
Changes in operating assets and liabilities:    
Inventories (6,026) (13,443)
Prepaid expenses and other assets 3,334 (5,448)
Accounts payable 1,379 546
Other liabilities (33,094) 1,116
Net cash provided by (used in) operating activities 20,679 57,193
Cash flows from investing activities    
Receipts on notes receivable 92 4,760
Proceeds from the settlement of net investment hedges 1,936 739
Payments for net investment hedge (1,660)  
Purchases of investment securities held-to-maturity   (42,433)
Maturities of investment securities held-to-maturity 60,540  
Proceeds from sale of property and equipment 6 381
Purchases of property and equipment (7,130) (6,636)
Net cash provided by (used in) investing activities 53,784 (43,189)
Cash flows from financing activities    
Repurchase of common stock (57,623) (2,943)
Proceeds from disgorgement of short-swing stock profits   907
Borrowings on line of credit 5,000  
Payments on line of credit (5,000)  
Payments related to tax withholding for net-share settled equity awards (1,648) (360)
Net cash provided by (used in) financing activities (59,271) (2,396)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,839 (2,687)
Net increase (decrease) in cash, cash equivalents and restricted cash 17,031 8,921
Cash, cash equivalents, and restricted cash, at beginning of period 217,234 250,535
Cash, cash equivalents, and restricted cash at end of period 234,265 259,456
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Total cash, cash equivalents, and restricted cash 217,234 250,535
Cash paid during the period for:    
Interest 7 4
Income taxes 35,149 46,532
Cash received during the period for:    
Income tax refund 5,169 2,066
Non-cash operating activities    
Right-of-use assets obtained in exchange for lease obligations 22,926  
Non-cash investing activities:    
Accrued purchases of property and equipment $ 659 $ 151

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