Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.4.0.3
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Apr. 02, 2016
Apr. 04, 2015
Cash flows from operating activities    
Net earnings $ 22,299 $ 19,680
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 3,520 2,337
(Gain) loss on sale of property and equipment 39 25
Equity-based compensation expense 4,609 2,210
Excess tax benefits from equity-based payment arrangements   (910)
Deferred income taxes (1,932) (577)
Changes in operating assets and liabilities:    
Inventories (392) (5,753)
Prepaid expenses and other assets 1,033 890
Income tax payable related to tax benefit from equity award activity   910
Accounts payable (2,081) 789
Other liabilities (13,624) 3,960
Net cash provided by (used in) operating activities 13,471 23,561
Cash flows from investing activities    
Additions to notes receivable (3) (1,547)
Receipts on notes receivable 49  
Purchases of property and equipment (8,971) (5,842)
Net cash provided by (used in) investing activities (8,925) (7,389)
Cash flows from financing activities    
Excess tax benefits from equity-based payment arrangements   910
Repurchase of common stock (64,610)  
Borrowings on line of credit 71,000  
Payments on line of credit (5,000)  
Deferred debt issuance costs (250)  
Net cash provided by (used in) financing activities 1,140 910
Effect of exchange rate changes on cash and cash equivalents 1,605 361
Net increase (decrease) in cash and cash equivalents 7,291 17,443
Cash and cash equivalents, beginning of period 143,210 111,126
Cash and cash equivalents, end of period 150,501 128,569
Cash paid during the period for:    
Interest 147  
Income taxes 8,587 2,996
Non-cash investing activities:    
Credits on notes receivable 505 55
Accrued purchases of property and equipment $ 2,655 $ 910