Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities    
Net earnings $ 16,537 $ 18,383
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 3,158 3,299
Right-of-use asset amortization 1,926 1,925
(Gain) loss on sale of property and equipment 405 0
Equity-based compensation expense 3,669 3,608
Deferred income taxes 2,547 3,557
Inventory write-down 934 2,284
Changes in operating assets and liabilities:    
Inventories (1,801) (78)
Prepaid expenses and other assets (5,108) (5,205)
Accounts payable (1,718) (246)
Other liabilities (2,866) (14,694)
Net cash provided by (used in) operating activities 17,683 12,833
Cash flows from investing activities    
Payments for net investment hedge (870) (1,271)
Proceeds from sale of property and equipment 3 0
Purchases of property and equipment (3,201) (2,107)
Net cash provided by (used in) investing activities (4,068) (3,378)
Cash flows from financing activities    
Repurchase of common stock (9,444) 0
Borrowings on line of credit 537 0
Payments related to tax withholding for net-share settled equity awards (3,039) (2,861)
Payments for contingent consideration 0 (338)
Net cash provided by (used in) financing activities (11,946) (3,199)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (3,809) 790
Net increase (decrease) in cash, cash equivalents, and restricted cash (2,140) 7,046
Cash, cash equivalents, and restricted cash at beginning of period 333,246 291,320
Cash, cash equivalents, and restricted cash at end of period 331,106 298,366
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 328,336 295,454
Restricted cash included in other assets 2,770 2,912
Total cash, cash equivalents, and restricted cash 331,106 298,366
Cash paid during the period for:    
Interest 24 2
Income taxes 9,100 10,182
Cash received during the period for:    
Income tax refund 0 517
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 167 1,806
Accrued purchases of property and equipment 83 368
Accrued excise tax for repurchase of common stock $ 39 $ 0