XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Operating Activities    
Net income $ 37,966 $ 69,378
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 19,576 20,120
Stock-based compensation 2,968 5,053
(Gain) loss on sale of assets (4) 15
Deferred income taxes (4,058) (1,908)
Changes in operating assets and liabilities:    
Trade receivables 5,550 (4,326)
Inventories (14,278) (17,655)
Trade accounts payable and accrued expenses (5,967) (5,315)
Contract liability with customers 405
Employee compensation and benefits (8,129) (11,774)
Product liability 144 (340)
Prepaid expenses, other assets and other liabilities (15,704) (2,985)
Income taxes payable (1,171)
Cash provided by operating activities 17,298 50,263
Investing Activities    
Property, plant and equipment additions (11,637) (17,206)
Proceeds from sale of assets 5 41
Purchases of short-term investments (141,410) (200,378)
Proceeds from maturities of short-term investments 194,091 235,041
Cash provided by investing activities 41,049 17,498
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (2,156) (3,371)
Repurchase of common stock (107)
Dividends paid (107,805) (35,474)
Cash used for financing activities (109,961) (38,952)
(Decrease) increase in cash and cash equivalents (51,614) 28,809
Cash and cash equivalents at beginning of period 65,173 21,044
Cash and cash equivalents at end of period $ 13,559 $ 49,853