XML 24 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Operating activities:      
Net income $ 67,493 $ 32,779 $ 117,733
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 52,633 53,171 49,234
Amortization of deferred financing costs 6,116 6,886 9,305
Impairment of intangible and long-lived assets 615 2,455 652
Share-based compensation expense 6,527 24,771 10,533
Deferred tax provision 11,093 12,098 29,099
Allowance for doubtful accounts 363 (446) 99
Reserve for inventory obsolescence 5,109 7,593 11,822
Foreign currency exchange rate loss 1,270 1,526 2,984
Gain on Brazil acquisition 0 0 (10,540)
Loss on disposal of assets 0 0 171
Gain on early extinguishment of debt 0 (12,667) 0
Other items, net 0 0 (184)
Changes in cash due to:      
Receivables (37) 1,571 3,777
Inventories (9,513) (3,055) (3,218)
Prepaid expenses (14,755) (18,284) 1,341
Accounts payable 461 (13,930) 7,807
Accrued liabilities (8,823) (32,418) 7,825
Deferred revenue 1,212 1,256 (7,915)
Other long term assets and liabilities, net 1,512 1,512 2,536
Income taxes (2,232) (10,003) (1,442)
Cash provided by operating activities 119,044 54,815 231,619
Investing activities:      
Capital expenditures (5,556) (3,952) (9,097)
Capitalized software expenditures (28,785) (32,307) (42,589)
Cash paid for acquisitions (2,898) (3,112) (16,678)
Other items, net (291) (936) (628)
Cash used for investing activities (37,530) (40,307) (68,992)
Financing activities:      
(Payments) borrowings on revolver (48,000) 48,000 0
Payments on long-term debt (165,323) (158,113) (30,000)
Proceeds from the sale of common stock, net of fees 0 41,475 0
Tax benefit of restricted stock units vested and stock options exercised 973 0 1
Proceeds from stock options exercised 139 95 658
Payment of dividends (11) (42) (80)
Cash used for financing activities (212,222) (68,585) (29,421)
Effect of exchange rate changes on cash and cash equivalents (2,162) (5,609) (6,551)
Net (decrease) increase in cash and cash equivalents (132,870) (59,686) 126,655
Cash and cash equivalents, beginning of fiscal year 241,526 301,212 174,557
Cash and cash equivalents, end of fiscal year $ 108,656 $ 241,526 $ 301,212