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
 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Cash flows from operating activities    
Net earnings $ 78,159 $ 70,705
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 9,930 7,284
(Gain) loss on sale of property and equipment 55 1
Equity-based compensation expense 13,963 6,952
Excess tax benefits from equity-based payment arrangements   (9,739)
Deferred income taxes (2,249) (1,993)
Changes in operating assets and liabilities:    
Inventories (7,922) (18,432)
Prepaid expenses and other assets (12,179) (565)
Income tax payable related to tax benefit from equity award activity   9,587
Accounts payable 597 1,868
Other liabilities 1,386 8,849
Net cash provided by (used in) operating activities 81,740 74,517
Cash flows from investing activities    
Additions to notes receivable (4) (1,579)
Receipts on notes receivable 605  
Proceeds from sale of property and equipment 3 182
Purchases of property and equipment (26,047) (16,468)
Net cash provided by (used in) investing activities (25,443) (17,865)
Cash flows from financing activities    
Excess tax benefits from equity-based payment arrangements   9,739
Repurchase of common stock (64,610)  
Borrowings on line of credit 73,700  
Payments on line of credit (72,500)  
Deferred debt issuance costs (250)  
Net cash provided by (used in) financing activities (63,660) 9,739
Effect of exchange rate changes on cash and cash equivalents (1,304) (3,322)
Net increase (decrease) in cash and cash equivalents (8,667) 63,069
Cash and cash equivalents, beginning of period 143,210 111,126
Cash and cash equivalents, end of period 134,543 174,195
Cash paid during the period for:    
Interest 317 11
Income taxes 41,114 18,918
Non-cash investing activities:    
Credits on notes receivable 1,142 466
Accrued purchases of property and equipment $ 1,763 $ 1,906