Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.6.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Cash flows from operating activities      
Net earnings $ 100,041 $ 94,672 $ 76,636
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities      
Depreciation and amortization 13,482 9,978 8,810
(Gain) loss on sale of property and equipment 116 3 46
Equity-based compensation expense 16,542 11,081 9,805
Excess tax benefits from equity-based payment arrangements   (12,024) (14,834)
Deferred income taxes (3,700) (2,572) (1,039)
Changes in operating assets and liabilities:      
Inventories (1,034) (23,071) 1,102
Prepaid expenses and other assets (9,610) (2,047) (3,789)
Income tax payable related to tax benefit from equity award activity   12,024 14,712
Accounts payable (1,341) 2,481 (1,337)
Other liabilities 22,534 20,941 15,073
Net cash provided by (used in) operating activities 137,030 111,466 105,185
Cash flows from investing activities      
Additions to notes receivable (7) (1,580) (4,495)
Receipts on notes receivable 811    
Purchases of investment securities held-to-maturity     (3,871)
Maturities of investment securities     12,511
Proceeds from sale of property and equipment 11 185 10
Purchases of property and equipment (32,698) (23,729) (20,421)
Net cash provided by (used in) investing activities (31,883) (25,124) (16,266)
Cash flows from financing activities      
Proceeds from equity awards exercised 10,970
Excess tax benefits from equity-based payment arrangements   12,024 14,834
Repurchase of common stock (64,610) (61,181) (138,819)
Borrowings on line of credit 73,700   30,000
Payments on line of credit (73,700)   (30,000)
Deferred debt issuance costs (250)    
Net cash provided by (used in) financing activities (64,860) (49,157) (113,015)
Effect of exchange rate changes on cash and cash equivalents (7,723) (5,101) (2,121)
Net increase (decrease) in cash and cash equivalents 32,564 32,084 (26,217)
Cash and cash equivalents, beginning of period 143,210 111,126 137,343
Cash and cash equivalents, end of period 175,774 143,210 111,126
Cash paid during the period for:      
Interest 323 15 136
Income taxes 52,579 35,782 26,955
Non-cash investing activities:      
Credits on notes receivable 1,288 966 720
Accrued purchases of property and equipment $ 2,216 $ 6,863 $ 1,805