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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating Activities    
Net income $ 7,084 $ 14,350
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 5,833 6,536
Stock-based compensation 1,082 1,134
Gain on sale of assets (2)
Deferred income taxes (3,116) (79)
Changes in operating assets and liabilities:    
Trade receivables (5,951) 223
Inventories 11,314 3,038
Trade accounts payable and accrued expenses (2,057) (2,908)
Contract liability with customers (119) 82
Employee compensation and benefits (11,480) (12,739)
Product liability (311) 232
Prepaid expenses, other assets and other liabilities 5,066 (6,766)
Income taxes payable 2,183
Cash provided by operating activities 7,345 5,284
Investing Activities    
Property, plant and equipment additions (1,788) (1,652)
Proceeds from sale of assets 3
Purchases of short-term investments (39,488) (54,976)
Proceeds from maturities of short-term investments 42,487 92,081
Cash provided by investing activities 1,211 35,456
Financing Activities    
Remittance of taxes withheld from employees related to share-based compensation (624) (2,103)
Repurchase of common stock (3,219)
Dividends paid (4,080) (95,758)
Cash used for financing activities (7,923) (97,861)
Increase (decrease) in cash and cash equivalents 633 (57,121)
Cash and cash equivalents at beginning of period 15,174 65,173
Cash and cash equivalents at end of period $ 15,807 $ 8,052