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. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Cash flows from operating activities      
Net earnings $ 116,505 $ 124,664 $ 100,526
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities      
Depreciation and amortization 13,036 13,747 14,743
Right-of-use asset amortization 9,157 8,762 8,264
(Gain) loss on sale of property and equipment 61 191 84
Equity-based compensation expense 14,298 14,394 15,541
Deferred income taxes (2,970) (2,423) (3,635)
(Gain) loss on impairment on other assets 510
Changes in operating assets and liabilities:      
Inventories (10,501) (16,784) 12,990
Prepaid expenses and other assets (2,331) (5,192) 7,189
Accounts payable (4,572) 6,076 1,835
Other liabilities (11,456) 16,456 (30,804)
Net cash provided by (used in) operating activities 121,227 160,401 126,733
Cash flows from investing activities      
Receipts on notes receivable 116 281 231
Proceeds from the settlement of net investment hedges 1,935 1,936
Payments for net investment hedge (1,555) (1,089) (1,660)
Maturities of investment securities held-to-maturity 63,539
Payments for investment in equity securities (20,000)
Proceeds from sale of property and equipment 15 6 17
Purchases of property and equipment (12,763) (15,094) (16,569)
Net cash provided by (used in) investing activities (14,187) (33,961) 47,494
Cash flows from financing activities      
Repurchase of common stock (177,837) (57,029) (150,000)
Borrowings on line of credit 60,000 5,000
Payments on line of credit (60,000) (5,000)
Payments related to tax withholding for net-share settled equity awards (3,575) (2,367) (1,987)
Payments for debt issuance costs (46) (65)
Net cash provided by (used in) financing activities (181,412) (59,442) (152,052)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 2,088 11,251 (1,721)
Net increase (decrease) in cash, cash equivalents, and restricted cash (72,284) 78,249 20,454
Cash, cash equivalents, and restricted cash at beginning of period 315,937 237,688 217,234
Cash, cash equivalents, and restricted cash at end of period 243,653 315,937 237,688
Cash and cash equivalents 239,832 311,917 234,830
Cash, cash equivalents, and restricted cash at end of period 243,653 315,937 237,688
Supplemental disclosures of cash flow information      
Interest 10 711 11
Income taxes 59,524 53,015 54,914
Cash received during the period for:      
Income tax refund 191 847 5,542
Non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for lease obligations 5,322 6,632 33,258
Non-cash change in right-of-use assets (3,182)
Accrued purchases of property and equipment 383 375 998
Prepaid Expenses and Other Current Assets [Member]      
Cash flows from financing activities      
Restricted cash 958
Other Noncurrent Assets [Member]      
Cash flows from financing activities      
Restricted cash $ 3,821 $ 3,062 $ 2,858