Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.7.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Cash flows from operating activities    
Net earnings $ 44,617 $ 48,061
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 7,666 6,754
(Gain) loss on sale of property and equipment (6) 40
Equity-based compensation expense 8,002 9,421
Deferred income taxes (2,043) (1,883)
Changes in operating assets and liabilities:    
Inventories (1,603) (4,789)
Prepaid expenses and other assets 4,780 (11,647)
Accounts payable (1,187) 80
Other liabilities (4,613) 1,940
Net cash provided by (used in) operating activities 55,613 47,977
Cash flows from investing activities    
Additions to notes receivable   (4)
Receipts on notes receivable 259 443
Proceeds from sale of property and equipment 11 1
Purchases of property and equipment (6,969) (13,663)
Net cash provided by (used in) investing activities (6,699) (13,223)
Cash flows from financing activities    
Repurchase of common stock   (64,610)
Borrowings on line of credit 3,500 72,500
Payments on line of credit (3,500) (72,500)
Deferred debt issuance costs   (250)
Net cash provided by (used in) financing activities   (64,860)
Effect of exchange rate changes on cash and cash equivalents 4,677 (706)
Net increase (decrease) in cash and cash equivalents 53,591 (30,812)
Cash and cash equivalents, beginning of period 175,774 143,210
Cash and cash equivalents, end of period 229,365 112,398
Cash paid during the period for:    
Interest 6 317
Income taxes 20,929 28,143
Cash received during the period for:    
Income tax refund 4,700  
Non-cash investing activities:    
Credits on notes receivable 191 852
Accrued purchases of property and equipment $ 25 $ 2,333