v3.20.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities    
Net earnings $ 26,552 $ 24,172
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 3,494 3,866
Right-of-use asset amortization 2,255 2,023
(Gain) loss on sale of property and equipment   23
Equity-based compensation expense 3,394 3,832
Deferred income taxes 4,611 3,048
Changes in operating assets and liabilities:    
Inventories 5,153 (3,630)
Prepaid expenses and other assets (4,262) 1,480
Accounts payable (174) 1,750
Other liabilities (10,237) (31,043)
Net cash provided by (used in) operating activities 30,786 5,521
Cash flows from investing activities    
Receipts on notes receivable 85 55
Payments for net investment hedge (1,089) (1,660)
Maturities of investment securities held-to-maturity   36,685
Proceeds from sale of property and equipment   6
Purchases of property and equipment (7,266) (2,577)
Net cash provided by (used in) investing activities (8,270) 32,509
Cash flows from financing activities    
Repurchase of common stock (57,029) (30,000)
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 (1,823) (1,413)
Net cash provided by (used in) financing activities (58,852) (31,413)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4,436) 4,170
Net increase (decrease) in cash, cash equivalents and restricted cash (40,772) 10,787
Cash, cash equivalents, and restricted cash, at beginning of period 237,688 217,234
Cash, cash equivalents, and restricted cash at end of period 196,916 228,021
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets    
Total cash, cash equivalents, and restricted cash 196,916 228,021
Cash paid during the period for:    
Interest 2 5
Income taxes 9,694 10,163
Cash received during the period for:    
Income tax refund   5,095
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 1,914 20,286
Accrued purchases of property and equipment $ 608 $ 251

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