Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net earnings $ 37,576 $ 47,022
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 10,540 9,790
Right-of-use asset amortization 5,805 5,734
(Gain) loss on sale of property and equipment 1 12
Equity-based compensation expense 10,945 10,952
Deferred income taxes (4,047) (4,218)
Inventory write-down 1,889 3,107
Changes in operating assets and liabilities:    
Inventories (3,794) 296
Prepaid expenses and other assets 1,247 5,116
Accounts payable (3,044) (2,357)
Other liabilities (1,911) (30,836)
Net cash provided by (used in) operating activities 55,207 44,618
Cash flows from investing activities    
Proceeds from the settlement of net investment hedges 1,125 3,775
Payments for net investment hedge (870) (1,271)
Proceeds from sale of property and equipment 64 13
Purchases of property and equipment (8,271) (7,170)
Net cash provided by (used in) investing activities (7,952) (4,653)
Cash flows from financing activities    
Repurchase of common stock (9,444) (11,599)
Borrowings on line of credit 689 750
Payments on line of credit (1,473) (750)
Payments related to tax withholding for net-share settled equity awards (3,149) (2,958)
Payments for contingent consideration 0 (338)
Net cash provided by (used in) financing activities (13,377) (14,895)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 617 (6,567)
Net increase (decrease) in cash, cash equivalents, and restricted cash 34,495 18,503
Cash, cash equivalents, and restricted cash at beginning of period 333,246 291,320
Cash, cash equivalents, and restricted cash at end of period 367,741 309,823
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 364,889 307,081
Restricted cash included in other assets 2,852 2,742
Total cash, cash equivalents, and restricted cash 367,741 309,823
Cash paid during the period for:    
Interest 73 5
Income taxes 33,265 35,958
Cash received during the period for:    
Income tax refund 7 1,164
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 9,915 4,963
Accrued purchases of property and equipment 101 1,384
Accrued excise tax for repurchase of common stock $ 39 $ 58