XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Operating Activities    
Net income $ 50,989 $ 82,576
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 13,464 14,751
Stock-based compensation 3,356 5,043
Gain on sale of assets (56) (58)
Deferred income taxes 245 1,854
Changes in operating assets and liabilities:    
Trade receivables 793 (18,183)
Inventories (13,295) (2,910)
Trade accounts payable and accrued expenses (9,662) 1,686
Contract liability with customers (84)
Employee compensation and benefits (13,019) (9,429)
Product liability (333) (116)
Prepaid expenses, other assets and other liabilities (103) (2,050)
Income taxes payable 3,119
Cash provided by operating activities 32,379 76,199
Investing Activities    
Property, plant and equipment additions (14,330) (11,464)
Proceeds from sale of assets 16 73
Purchases of short-term investments (199,992) (271,984)
Proceeds from maturities of short-term investments 234,963 242,997
Cash provided by (used for) investing activities 20,657 (40,378)
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (3,371) (4,801)
Dividends paid (27,170) (27,606)
Cash used for financing activities (30,541) (32,407)
Increase in cash and cash equivalents 22,495 3,414
Cash and cash equivalents at beginning of period 21,044 20,147
Cash and cash equivalents at end of period $ 43,539 $ 23,561