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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Operating Activities    
Net income $ 117,778 $ 58,685
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 22,001 21,644
Stock-based compensation 6,672 4,430
Gain on sale of assets (111) (72)
Deferred income taxes 1,519 3,127
Changes in operating assets and liabilities:    
Trade receivables (13,985) (5,580)
Inventories (10,038) 14,722
Trade accounts payable and accrued expenses 1,720 (1,614)
Contract liability to customers (84) (8,420)
Employee compensation and benefits (6,569) 15,299
Product liability (161) 196
Prepaid expenses, other assets and other liabilities (4,282) (19,215)
Income taxes payable 2,544 (1,223)
Cash provided by operating activities 117,004 81,979
Investing Activities    
Property, plant and equipment additions (15,617) (8,044)
Proceeds from sale of assets 135 178
Purchases of short-term investments (376,979) (268,451)
Proceeds from maturities of short-term investments 332,990 293,962
Cash (used for) provided by investing activities (59,471) 17,645
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (4,801) (1,297)
Dividends paid (45,202) (104,097)
Cash used for financing activities (50,003) (105,394)
Increase (decrease) in cash and cash equivalents 7,530 (5,770)
Cash and cash equivalents at beginning of period 20,147 35,420
Cash and cash equivalents at end of period $ 27,677 $ 29,650