Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Cash flows from operating activities    
Net earnings $ 48,061 $ 45,096
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 6,754 4,630
(Gain) loss on sale of property and equipment 40 28
Equity-based compensation expense 9,421 4,388
Excess tax benefits from equity-based payment arrangements   (5,736)
Deferred income taxes (1,883) (1,029)
Changes in operating assets and liabilities:    
Inventories (4,789) (9,454)
Prepaid expenses and other assets (11,647) (5,722)
Income tax payable related to tax benefit from equity award activity   5,736
Accounts payable 80 1,165
Other liabilities 1,940 7,065
Net cash provided by (used in) operating activities 47,977 46,167
Cash flows from investing activities    
Additions to notes receivable (4) (1,578)
Receipts on notes receivable 443  
Proceeds from sale of property and equipment 1  
Purchases of property and equipment (13,663) (9,778)
Net cash provided by (used in) investing activities (13,223) (11,356)
Cash flows from financing activities    
Excess tax benefits from equity-based payment arrangements   5,736
Repurchase of common stock (64,610)  
Borrowings on line of credit 72,500  
Payments on line of credit (72,500)  
Deferred debt issuance costs (250)  
Net cash provided by (used in) financing activities (64,860) 5,736
Effect of exchange rate changes on cash and cash equivalents (706) (744)
Net increase (decrease) in cash and cash equivalents (30,812) 39,803
Cash and cash equivalents, beginning of period 143,210 111,126
Cash and cash equivalents, end of period 112,398 150,929
Cash paid during the period for:    
Interest 317 7
Income taxes 28,143 14,978
Non-cash investing activities:    
Credits on notes receivable 852 56
Accrued purchases of property and equipment $ 2,333 $ 149