v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash flows from operating activities    
Net earnings $ 22,469 $ 30,621
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 3,279 3,231
Right-of-use asset amortization 2,327 2,259
(Gain) loss on sale of property and equipment (3) 47
Equity-based compensation expense 3,183 3,740
Deferred income taxes 3,667 2,968
Changes in operating assets and liabilities:    
Inventories 48 1,393
Prepaid expenses and other assets (1,865) (3,960)
Accounts payable (2,153) (6,899)
Other liabilities (11,251) (13,741)
Net cash provided by (used in) operating activities 19,701 19,659
Cash flows from investing activities    
Receipts on notes receivable 0 51
Payments for net investment hedge 0 (1,555)
Proceeds from sale of property and equipment 3 13
Purchases of property and equipment (1,789) (1,597)
Net cash provided by (used in) investing activities (1,786) (3,088)
Cash flows from financing activities    
Repurchase of common stock (25,382) (67,610)
Borrowings on line of credit 10,000 0
Payments related to tax withholding for net-share settled equity awards (4,211) (2,865)
Net cash provided by (used in) financing activities (19,593) (70,475)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (403) (1,962)
Net increase (decrease) in cash, cash equivalents, and restricted cash (2,081) (55,866)
Cash, cash equivalents, and restricted cash at beginning of period 243,653 315,937
Cash, cash equivalents, and restricted cash at end of period 241,572 260,071
Cash and cash equivalents 237,753 256,964
Cash, cash equivalents, and restricted cash at end of period 241,572 260,071
Supplemental disclosures of cash flow information    
Interest 5 3
Income taxes 8,347 13,523
Cash received during the period for:    
Income tax refund 25 0
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 289 829
Accrued purchases of property and equipment 285 239
Unsettled trades for repurchase of common stock 0 1,844
Prepaid Expenses and Other Current Assets [Member]    
Cash flows from financing activities    
Restricted cash 0 61
Other Noncurrent Assets [Member]    
Cash flows from financing activities    
Restricted cash $ 3,819 $ 3,046

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