v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities    
Net earnings $ 9,290 $ 16,537
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 8,339 3,158
Right-of-use asset reduction 1,906 1,926
(Gain) loss on sale of property and equipment 0 405
Equity-based compensation expense 2,880 3,669
Deferred income taxes 1,355 2,547
Inventory write-down 1,211 934
Changes in operating assets and liabilities:    
Inventories (4,921) (1,801)
Prepaid expenses and other assets (252) (5,108)
Accounts payable 1,975 (1,718)
Other liabilities (6,301) (2,866)
Net cash provided by (used in) operating activities 15,482 17,683
Cash flows from investing activities    
Payments for net investment hedge (1,072) (870)
Proceeds from sale of property and equipment 0 3
Purchases of property and equipment (2,803) (3,201)
Net cash provided by (used in) investing activities (3,875) (4,068)
Cash flows from financing activities    
Repurchase of common stock (12,300) (9,444)
Borrowings on line of credit 0 537
Payments related to tax withholding for net-share settled equity awards (2,167) (3,039)
Net cash provided by (used in) financing activities (14,467) (11,946)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 719 (3,809)
Net increase (decrease) in cash, cash equivalents, and restricted cash (2,141) (2,140)
Cash, cash equivalents, and restricted cash at beginning of period 184,508 333,246
Cash, cash equivalents, and restricted cash at end of period 182,367 331,106
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 179,613 328,336
Restricted cash included in other assets 2,754 2,770
Total cash, cash equivalents, and restricted cash 182,367 331,106
Cash paid during the period for:    
Interest 52 24
Income taxes 7,767 9,100
Cash received during the period for:    
Income tax refund 38 0
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 3,938 167
Accrued purchases of property and equipment 31 83
Accrued excise tax for repurchase of common stock $ 80 $ 39

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