Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2016
Jan. 03, 2015
Dec. 28, 2013
Cash flows from operating activities      
Net earnings $ 94,672 $ 76,636 $ 79,024
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities      
Depreciation and amortization 9,978 8,810 9,044
(Gain) loss on sale of property and equipment 3 46 (16)
Equity-based compensation expense 11,081 9,805 7,624
Excess tax benefits from equity-based payment arrangements (12,024) (14,834) (7,466)
Deferred income taxes (2,572) (1,039) 814
Changes in operating assets and liabilities:      
Inventories (23,071) 1,102 (11,783)
Prepaid expenses and other assets (2,047) (3,789) (8,465)
Income tax payable related to tax benefit from equity award activity 12,024 14,712 7,075
Accounts payable 2,481 (1,337) 2,790
Other liabilities 20,941 15,073 20,252
Net cash provided by (used in) operating activities 111,466 105,185 98,893
Cash flows from investing activities      
Additions to notes receivable (1,580) (4,495) (4,942)
Purchases of investment securities held-to-maturity   (3,871) (8,643)
Maturities of investment securities   12,511  
Proceeds from sale of property and equipment 185 10 47
Purchases of property and equipment (23,729) (20,421) (8,051)
Net cash provided by (used in) investing activities (25,124) (16,266) (21,589)
Cash flows from financing activities      
Proceeds from equity awards exercised 0 10,970 454
Excess tax benefits from equity-based payment arrangements 12,024 14,834 7,466
Repurchase of common stock (61,181) (138,819) (18,085)
Borrowings on line of credit   30,000  
Payments on line of credit   (30,000)  
Net cash provided by (used in) financing activities (49,157) (113,015) (10,165)
Effect of exchange rate changes on cash and cash equivalents (5,101) (2,121) (635)
Net increase (decrease) in cash and cash equivalents 32,084 (26,217) 66,504
Cash and cash equivalents, beginning of period 111,126 137,343 70,839
Cash and cash equivalents, end of period 143,210 111,126 137,343
Cash paid during the period for:      
Interest 15 136 1
Income taxes 35,782 26,955 26,952
Non-cash investing activities:      
Credits on notes receivable 966 720 $ 198
Accrued purchases of property and equipment $ 6,863 $ 1,805