v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities    
Net earnings $ 54,529 $ 45,550
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 7,044 7,654
Right-of-use asset amortization 4,355 3,977
(Gain) loss on sale of property and equipment 116 26
Equity-based compensation expense 6,991 8,601
Deferred income taxes (5,326) (10,722)
Changes in operating assets and liabilities:    
Inventories (1,950) (6,026)
Prepaid expenses and other assets (4,890) 3,334
Accounts payable (1,120) 1,379
Other liabilities 3,675 (33,094)
Net cash provided by (used in) operating activities 63,424 20,679
Cash flows from investing activities    
Receipts on notes receivable 179 92
Proceeds from the settlement of net investment hedges 1,935 1,936
Payments for net investment hedge (1,089) (1,660)
Maturities of investment securities held-to-maturity   60,540
Proceeds from sale of property and equipment   6
Purchases of property and equipment (10,821) (7,130)
Net cash provided by (used in) investing activities (9,796) 53,784
Cash flows from financing activities    
Repurchase of common stock (57,029) (57,623)
Borrowings on line of credit 60,000 5,000
Payments on line of credit (60,000) (5,000)
Payments related to tax withholding for net-share settled equity awards (1,898) (1,648)
Net cash provided by (used in) financing activities (58,927) (59,271)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,195) 1,839
Net increase (decrease) in cash, cash equivalents and restricted cash (7,494) 17,031
Cash, cash equivalents, and restricted cash, at beginning of period 237,688 217,234
Cash, cash equivalents, and restricted cash at end of period 230,194 234,265
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets    
Total cash, cash equivalents, and restricted cash 230,194 234,265
Cash paid during the period for:    
Interest 199 7
Income taxes 30,866 35,149
Cash received during the period for:    
Income tax refund 42 5,169
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 1,151 22,926
Accrued purchases of property and equipment $ 613 $ 659

Source