v3.19.3
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash flows from operating activities    
Net earnings $ 69,772 $ 93,893
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 11,187 12,734
Right-of-use asset amortization 6,095  
(Gain) loss on sale of property and equipment 37 1,804
Equity-based compensation expense 12,684 11,026
Deferred income taxes (10,634) (3,524)
(Gain) loss on impairment on note receivable   (658)
Changes in operating assets and liabilities:    
Inventories 3,861 (21,938)
Prepaid expenses and other assets 8,071 (2,396)
Accounts payable (1,248) 2,855
Other liabilities (28,832) 17,897
Net cash provided by (used in) operating activities 70,993 111,693
Cash flows from investing activities    
Receipts on notes receivable 145 4,801
Proceeds from the settlement of net investment hedges 1,936 739
Payments for net investment hedge (1,660)  
Purchases of investment securities held-to-maturity   (81,673)
Maturities of investment securities held-to-maturity 63,539  
Proceeds from sale of property and equipment 11 381
Purchases of property and equipment (11,372) (8,862)
Net cash provided by (used in) investing activities 52,599 (84,614)
Cash flows from financing activities    
Repurchase of common stock (150,000) (25,590)
Proceeds from disgorgement of short-swing stock profits   907
Borrowings on line of credit 5,000  
Payments on line of credit (5,000)  
Payments related to tax withholding for net-share settled equity awards (1,682) (376)
Deferred debt issuance costs (65)  
Net cash provided by (used in) financing activities (151,747) (25,059)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,523) (9,784)
Net increase (decrease) in cash, cash equivalents and restricted cash (31,678) (7,764)
Cash, cash equivalents, and restricted cash, at beginning of period 217,234 250,535
Cash, cash equivalents, and restricted cash at end of period 185,556 242,771
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Total cash, cash equivalents, and restricted cash 217,234 250,535
Cash paid during the period for:    
Interest 10 5
Income taxes 45,666 59,244
Cash received during the period for:    
Income tax refund 5,432 2,451
Non-cash operating activities    
Right-of-use assets obtained in exchange for lease obligations 25,872  
Non-cash investing activities:    
Accrued purchases of property and equipment $ 223 $ 50

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