v3.21.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net income $ 81,042 $ 8,667
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,131 25,805
Goodwill impairment   31,871
Stock-based compensation expense 6,233 3,830
Amortization of debt issuance costs 374 537
Provision (benefit) for deferred income taxes 2,230 (2,937)
Forward contract (gains) / losses, net (3,401) 2,513
Other, net (135) 1,287
(Increase) decrease in:    
Accounts receivable (36,634) (4,685)
Inventories (35,759) 7,776
Income taxes receivable (1,893) (2,874)
Other current assets (288) (1,382)
Other assets 3,989 2,613
Increase (decrease) in:    
Accounts payable 11,945 1,387
Accrued expenses and other liabilities 8,079 955
Income taxes payable 9,599 3,548
Other noncurrent liabilities (4,527) (1,884)
Net cash provided by operating activities 81,985 77,027
Cash flows from investing activities:    
Acquisition of a business, net of cash acquired (48,481)  
Amounts paid for net assets acquired (2,400)  
Capital expenditures (17,054) (7,155)
Proceeds from dispositions of equipment 82 103
Cash settlement of forward contracts 1,433 (1,742)
Software development costs (1,785) (227)
Net cash used in investing activities (68,205) (9,021)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 71,198 11,000
Repayment of borrowings on revolving credit facilities (44,500) (55,609)
Borrowings on long-term non-revolving debt   5,812
Repayment of borrowings on long-term non-revolving debt (12,178) (5,905)
Proceeds from stock issued 1,353 1,027
Dividends to shareholders (8,694) (8,660)
Other financing activities (2,851) (1,937)
Net cash provided by (used in) financing activities 4,328 (54,272)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4,363 (3,414)
Net increase in cash, cash equivalents and restricted cash 22,471 10,320
Cash, cash equivalents and restricted cash, beginning of period 25,257 22,162
Cash, cash equivalents and restricted cash, end of period $ 47,728 $ 32,482

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