v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities    
Net earnings $ 68,855 $ 54,529
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 6,511 7,044
Right-of-use asset amortization 4,537 4,355
(Gain) loss on sale of property and equipment 45 116
Equity-based compensation expense 7,585 6,991
Deferred income taxes (5,775) (5,326)
Changes in operating assets and liabilities:    
Inventories (254) (1,950)
Prepaid expenses and other assets (2,711) (4,890)
Accounts payable (5,030) (1,120)
Other liabilities (14,946) 3,675
Net cash provided by (used in) operating activities 58,817 63,424
Cash flows from investing activities    
Receipts on notes receivable 104 179
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 (3,146) (10,821)
Net cash provided by (used in) investing activities (4,582) (9,796)
Cash flows from financing activities    
Repurchase of common stock (99,155) (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 (2,981) (1,898)
Net cash provided by (used in) financing activities (102,136) (58,927)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 515 (2,195)
Net increase (decrease) in cash, cash equivalents, and restricted cash (47,386) (7,494)
Cash, cash equivalents, and restricted cash at beginning of period 315,937 237,688
Cash, cash equivalents, and restricted cash at end of period 268,551 230,194
Cash and cash equivalents 265,368 227,368
Cash, cash equivalents, and restricted cash at end of period 268,551 230,194
Supplemental disclosures of cash flow information    
Interest 5 199
Income taxes 38,791 30,866
Cash received during the period for:    
Income tax refund 0 42
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 1,128 1,151
Accrued purchases of property and equipment 453 613
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 $ 3,090 $ 2,826

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