Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Cash flows from operating activities      
Net earnings $ 62,535 $ 100,041 $ 94,672
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities      
Depreciation and amortization 16,110 13,482 9,978
(Gain) loss on sale of property and equipment 18 116 3
Equity-based compensation expense 15,482 16,542 11,081
Excess tax benefits from equity-based payment arrangements     (12,024)
Deferred income taxes 19,306 (3,700) (2,572)
Notes receivable impairment 2,734    
Changes in operating assets and liabilities:      
Inventories 6,054 (1,034) (23,071)
Prepaid expenses and other assets 5,019 (9,610) (2,047)
Income tax payable related to tax benefit from equity award activity     12,024
Accounts payable 3,043 (1,341) 2,481
Other liabilities (6,518) 22,534 20,941
Net cash provided by (used in) operating activities 123,783 137,030 111,466
Cash flows from investing activities      
Additions to notes receivable   (7) (1,580)
Receipts on notes receivable 296 811  
Proceeds from sale of property and equipment 22 11 185
Purchases of property and equipment (13,220) (32,698) (23,729)
Net cash provided by (used in) investing activities (12,902) (31,883) (25,124)
Cash flows from financing activities      
Excess tax benefits from equity-based payment arrangements     12,024
Repurchase of common stock (50,000) (64,610) (61,181)
Borrowings on line of credit 3,500 73,700  
Payments on line of credit (3,500) (73,700)  
Payments related to tax withholding for net-share settled equity awards (316)    
Deferred debt issuance costs   (250)  
Net cash provided by (used in) financing activities (50,316) (64,860) (49,157)
Effect of exchange rate changes on cash and cash equivalents 10,792 (7,723) (5,101)
Net increase (decrease) in cash and cash equivalents 71,357 32,564 32,084
Cash and cash equivalents, beginning of period 175,774 143,210 111,126
Cash and cash equivalents, end of period 247,131 175,774 143,210
Cash paid during the period for:      
Interest 16 323 15
Income taxes 46,006 52,579 35,782
Cash received during the period for:      
Income tax refund 4,700    
Non-cash investing activities:      
Credits on notes receivable 86 1,288 966
Accrued purchases of property and equipment $ 109 $ 2,216 $ 6,863