v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Cash flows from operating activities    
Net income $ 68,976 $ 59,132
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 11,862 11,517
Amortization of intangible assets 16,428 17,166
Amortization of deferred debt issuance fees 1,714 1,880
Stock-based compensation 7,595 6,317
Deferred income taxes (benefit) (937) (3,008)
Allowance for credit losses (318) 2
Loss on debt extinguishment 1,836 0
Loss on sale/disposal of property, plant and equipment 972 206
Other non-cash items (1,092) 0
Changes in operating assets and liabilities    
Accounts receivable 120,142 114,267
Inventories (25,232) (6,098)
Other current and non-current assets 7,328 6,176
Accounts payable 15,333 (8,321)
Accrued expenses and other liabilities (53,044) (10,874)
Net cash provided by operating activities 171,563 188,362
Cash flows from investing activities    
Purchases of property, plant, and equipment (17,438) (12,423)
Software development costs (449) (1,159)
Purchases of short-term investments (188,835) 0
Proceeds from short-term investments 80,000 0
Net cash used in investing activities (126,722) (13,582)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 354,603 0
Payments of long-term debt (353,092) (3,831)
Payments of short-term notes payable 0 (2,169)
Debt issuance costs 5,635 1,143
Purchase of common stock (64,316) 0
Proceeds from issuance of common stock 1,720 1,100
Taxes paid for net share settlement of equity awards (1,720) (1,073)
Other, net (1,083) (936)
Net cash used in financing activities (69,523) (8,052)
Effect of exchange rate changes on cash and cash equivalents (849) 1,734
Change in cash and cash equivalents (25,531) 168,462
Cash and cash equivalents, beginning of period 329,648 196,589
Cash and cash equivalents, end of period 304,117 365,051
Supplemental disclosures of cash flow information:    
Cash paid-interest 32,942 25,230
Cash paid-income taxes, net of refunds 21,889 9,591
Non-cash investing and financing activities:    
Accrued and unpaid purchases of property, plant, and equipment 2,194 927
Equipment financed under finance leases 631 344
Refinancing of long-term debt $ 605,397 $ 0