XML 22 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2017
Jan. 03, 2016
Dec. 28, 2014
OPERATING ACTIVITIES:      
Net income $ 54,162 $ 72,418 $ 24,808
Adjustments to reconcile income to cash provided by operating activities      
Depreciation and amortization 30,632 30,803 30,677
Stock compensation amortization expense 5,873 13,948 3,998
Bad debt expense 145 763 137
Deferred income taxes and other 468 9,052 (3,534)
Working capital changes:      
Accounts receivable (372) 18,738 (29,255)
Inventories 2,686 (26,452) 1,343
Prepaid expenses and other current assets (7,720) (8,332) 2,785
Accounts payable and accrued expenses 7,289 14,497 15,421
Cash provided by operating activities 93,163 125,435 46,380
INVESTING ACTIVITIES:      
Capital expenditures (28,071) (27,188) (38,922)
Other 1,642 731 2,415
Cash used in investing activities (26,429) (26,457) (36,507)
FINANCING ACTIVITIES:      
Credit facility borrowing 87,400 0 48,850
Credit facility repayments (17,575) (45,267) (9,905)
Term loan borrowings 0 0 200,000
Term loan repayments (12,500) (2,500) 0
Repurchase of common stock (18,496) (13,306) (7,669)
Dividends paid (14,285) (11,885) (9,297)
Debt issuance costs 0 0 (1,099)
Redemption/repurchase of senior notes 0 0 (247,500)
Proceeds from issuance of common stock 0 359 408
Cash provided by (used in) financing activities 24,544 (72,599) (26,212)
Net cash provided by (used in) operating, investing and financing activities 91,278 26,379 (16,339)
Effect of exchange rate changes on cash (1,302) (5,579) (1,648)
CASH AND CASH EQUIVALENTS:      
Net increase (decrease) 89,976 20,800 (17,987)
Balance, beginning of year 75,696 54,896 72,883
Balance, end of year $ 165,672 $ 75,696 $ 54,896