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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Operating Activities    
Net income $ 30,232 $ 38,192
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 6,755 7,501
Stock-based compensation 1,672 3,381
Gain on sale of assets (5) (11)
Deferred income taxes 443 2,406
Changes in operating assets and liabilities:    
Trade receivables (12,311) (15,289)
Inventories (3,064) 323
Trade accounts payable and accrued expenses (2,232) (1,836)
Contract liability with customers (84)
Employee compensation and benefits (13,840) (16,495)
Product liability (289) (108)
Prepaid expenses, other assets and other liabilities 6,163 530
Income taxes payable 5,237 9,260
Cash provided by operating activities 18,761 27,770
Investing Activities    
Property, plant and equipment additions (10,881) (5,516)
Proceeds from sale of assets 11
Purchases of short-term investments (29,992) (146,992)
Proceeds from maturities of short-term investments 59,973 146,002
Cash provided by (used for) investing activities 19,100 (6,495)
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (2,154) (4,801)
Dividends paid (15,165) (12,484)
Cash used for financing activities (17,319) (17,285)
Increase in cash and cash equivalents 20,542 3,990
Cash and cash equivalents at beginning of period 21,044 20,147
Cash and cash equivalents at end of period $ 41,586 $ 24,137