XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2025
Mar. 29, 2024
Cash flows from operating activities:    
Net income $ 21,208 $ 14,676
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,563 12,929
Provision for inventory excess and obsolescence 757 1,424
Share-based compensation 7,100 6,077
Deferred income taxes (2,393) (3,711)
Inventory acquisition fair value adjustments   2,777
Loss (gain) on disposal of fixed assets (4,367)  
Other 393 312
Changes in assets and liabilities which (used)/provided cash, excluding effects from business acquisitions:    
Accounts receivable (12,188) (4,162)
Inventories (61) (3,781)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets 6,098 (954)
Accounts payable, income taxes payable, accrued expenses and other current liabilities 1,685 7,052
Other non-current assets and liabilities (111) 190
Net cash provided by operating activities 31,684 32,829
Cash flows from investing activities:    
Cash paid for business acquisitions, net of working capital adjustments   (191,200)
Purchases of property, plant and equipment (4,284) (6,415)
Proceeds from sale of property, plant and equipment 5,537  
Net cash used in investing activities 1,253 (197,615)
Cash flows from financing activities:    
Borrowings under revolving credit facilities   198,000
Repayments under term loan and revolving credit facilities (29,719) (35,976)
Payments of withholding taxes from share-based awards (6,669) (8,385)
Repurchases of common shares (6,157)  
Other financing activities (186) (176)
Net cash provided by (used in) financing activities (42,731) 153,463
Effect of exchange rates on cash and cash equivalents 1,850 (208)
Decrease in cash and cash equivalents (7,944) (11,531)
Cash and cash equivalents, beginning of the period 113,989 105,051
Cash and cash equivalents, end of the period 106,045 93,520
Supplemental disclosure of cash flow information:    
Cash paid for interest 5,643 7,848
Cash paid for income taxes 5,296 1,410
Income tax refunds received $ 105 $ 557