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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 01, 2023
Jul. 02, 2022
Operating Activities          
Net income $ 16,185 $ 20,757 $ 30,535 $ 30,535 $ 50,989
Adjustments to reconcile net income to cash provided by operating activities:          
Depreciation and amortization       13,046 13,464
Stock-based compensation       1,948 3,356
Gain on sale of assets       (2) (56)
Deferred income taxes       (3,950) 245
Changes in operating assets and liabilities:          
Trade receivables       12,383 793
Inventories       (4,423) (13,295)
Trade accounts payable and accrued expenses       (5,654) (9,662)
Contract liability with customers       (931)
Employee compensation and benefits       (8,882) (13,019)
Product liability       199 (333)
Prepaid expenses, other assets and other liabilities       (11,285) (103)
Income taxes payable       (1,171)  
Cash provided by operating activities       21,813 32,379
Investing Activities          
Property, plant and equipment additions (3,221) (3,492)   (4,873) (14,330)
Proceeds from sale of assets       3 16
Purchases of short-term investments       (117,977) (199,992)
Proceeds from maturities of short-term investments       150,898 234,963
Cash provided by investing activities       28,051 20,657
Financing Activities          
Remittance of taxes withheld from employees related to share-based compensation       (2,156) (3,371)
Dividends paid       (101,425) (27,170)
Cash used for financing activities       (103,581) (30,541)
(Decrease) increase in cash and cash equivalents       (53,717) 22,495
Cash and cash equivalents at beginning of period       65,173 21,044
Cash and cash equivalents at end of period $ 11,456 $ 43,539 $ 11,456 $ 11,456 $ 43,539