v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash flows from operating activities    
Net earnings $ 30,621 $ 26,552
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 3,231 3,494
Right-of-use asset amortization 2,259 2,255
(Gain) loss on sale of property and equipment 47 0
Equity-based compensation expense 3,740 3,394
Deferred income taxes 2,968 4,611
Changes in operating assets and liabilities:    
Inventories 1,393 5,153
Prepaid expenses and other assets (3,960) (4,262)
Accounts payable (6,899) (174)
Other liabilities (13,741) (10,237)
Net cash provided by (used in) operating activities 19,659 30,786
Cash flows from investing activities    
Receipts on notes receivable 51 85
Payments for net investment hedge (1,555) (1,089)
Proceeds from sale of property and equipment 13 0
Purchases of property and equipment (1,597) (7,266)
Net cash provided by (used in) investing activities (3,088) (8,270)
Cash flows from financing activities    
Repurchase of common stock (67,610) (57,029)
Payments related to tax withholding for net-share settled equity awards (2,865) (1,823)
Net cash provided by (used in) financing activities (70,475) (58,852)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,962) (4,436)
Net increase (decrease) in cash, cash equivalents, and restricted cash (55,866) (40,772)
Cash, cash equivalents, and restricted cash at beginning of period 315,937 237,688
Cash, cash equivalents, and restricted cash at end of period 260,071 196,916
Cash and cash equivalents 256,964 194,098
Cash, cash equivalents, and restricted cash at end of period 260,071 196,916
Supplemental disclosures of cash flow information    
Interest 3 2
Income taxes 13,523 9,694
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 829 1,914
Accrued purchases of property and equipment 239 608
Unsettled trades for repurchase of common stock 1,844 0
Prepaid Expenses and Other Current Assets [Member]    
Cash flows from financing activities    
Restricted cash 61 0
Other Noncurrent Assets [Member]    
Cash flows from financing activities    
Restricted cash $ 3,046 $ 2,818

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