v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Cash flows from operating activities    
Net earnings $ 96,185 $ 85,035
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 9,754 10,513
Right-of-use asset amortization 6,778 6,479
(Gain) loss on sale of property and equipment 45 145
Equity-based compensation expense 11,039 10,519
Deferred income taxes (2,603) (4,623)
Changes in operating assets and liabilities:    
Inventories (8,608) (8,858)
Prepaid expenses and other assets 1,650 (7,259)
Accounts payable (4,223) 2,179
Other liabilities (13,712) 18,356
Net cash provided by (used in) operating activities 96,305 112,486
Cash flows from investing activities    
Receipts on notes receivable 116 236
Proceeds from the settlement of net investment hedges 0 1,935
Payments for net investment hedge (1,555) (1,089)
Proceeds from sale of property and equipment 15 0
Purchases of property and equipment (9,610) (13,610)
Net cash provided by (used in) investing activities (11,034) (12,528)
Cash flows from financing activities    
Repurchase of common stock (145,926) (57,029)
Borrowings on line of credit 0 60,000
Payments on line of credit 0 (60,000)
Payments related to tax withholding for net-share settled equity awards (3,041) (1,941)
Net cash provided by (used in) financing activities (148,967) (58,970)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (351) 2,672
Net increase (decrease) in cash, cash equivalents, and restricted cash (64,047) 43,660
Cash, cash equivalents, and restricted cash at beginning of period 315,937 237,688
Cash, cash equivalents, and restricted cash at end of period 251,890 281,348
Cash and cash equivalents 248,695 278,418
Cash, cash equivalents, and restricted cash at end of period 251,890 281,348
Supplemental disclosures of cash flow information    
Interest 8 1,556
Income taxes 49,065 43,789
Cash received during the period for:    
Income tax refund 138 270
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 1,948 3,775
Accrued purchases of property and equipment 245 414
Unsettled trades for repurchase of common stock 2,980 0
Prepaid Expenses and Other Current Assets [Member]    
Cash flows from financing activities    
Restricted cash 93 0
Other Noncurrent Assets [Member]    
Cash flows from financing activities    
Restricted cash $ 3,102 $ 2,930

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