v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2026
Jun. 27, 2025
Cash flows from operating activities:    
Net income $ 51,134 $ 31,529
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of property and equipment 30,160 25,332
Amortization of intangible assets 11,171 12,103
Provision for allowance for credit losses 8,065 6,603
Provision for deferred income taxes 5,174 1,111
Stock compensation 12,826 9,629
Non-cash interest and other operating activities 1,595 3,552
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (11,812) 9,279
Inventories 5,416 (51,410)
Prepaid expenses and other current assets 4,139 2,000
Accounts payable, accrued liabilities and accrued compensation (19,313) 14,685
Other assets and liabilities (1,904) (344)
Net cash provided by operating activities 96,651 64,069
Cash flows from investing activities:    
Capital expenditures (16,927) (22,325)
Cash paid for acquisitions, net of cash acquired (283) 0
Net cash used in investing activities (17,210) (22,325)
Cash flows from financing activities:    
Payment of debt and other financing obligations (6,500) (11,500)
Payment of finance leases (10,242) (6,506)
Common stock repurchases (10,003) (10,003)
Proceeds from exercise of stock options 2,041 0
Surrender of shares to pay withholding taxes (10,164) (11,636)
Payments under asset-based loan facility (30,000) (20,000)
Net cash used in financing activities (64,868) (59,645)
Effect of foreign currency on cash and cash equivalents (89) 112
Net change in cash and cash equivalents 14,484 (17,789)
Cash and cash equivalents-beginning of period 120,982 114,655
Cash and cash equivalents-end of period $ 135,466 $ 96,866