v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Cash flows from operating activities    
Net (loss) earnings $ (20,992) $ 19,734
Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities    
Depreciation and amortization 15,951 16,082
Right-of-use asset reduction 3,008 3,767
Loss on sale of property and equipment 26 29
Equity-based compensation expense 6,858 6,502
Deferred income taxes (3,224) (6,485)
Inventory write-down 3,069 2,045
Goodwill impairment 29,137 0
Changes in operating assets and liabilities:    
Trade accounts receivable 959 1,729
Inventories 9,421 (12,988)
Prepaid expenses and other assets 715 (2,189)
Accounts payable (1,860) 5,813
Other liabilities (9,990) (6,339)
Net cash provided by (used in) operating activities 33,078 27,700
Cash flows from investing activities    
Payments for the settlement of net investment hedges (917) 0
Payments for net investment hedge 0 (1,072)
Proceeds from acquisition working capital adjustment 0 865
Proceeds from sale of property and equipment 63 0
Purchases of property and equipment (5,800) (7,830)
Net cash provided by (used in) investing activities (6,654) (8,037)
Cash flows from financing activities    
Repurchase of common stock 0 (27,507)
Borrowings on line of credit 9,000 1,600
Payments on line of credit (23,000) (24,600)
Payments related to tax withholding for net-share settled equity awards (2,291) (2,191)
Distributions to redeemable noncontrolling interest (1,376) (379)
Net cash provided by (used in) financing activities (17,667) (53,077)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1,511 3,032
Net increase (decrease) in cash, cash equivalents, and restricted cash 10,268 (30,382)
Cash, cash equivalents, and restricted cash at beginning of period 161,240 184,508
Cash, cash equivalents, and restricted cash at end of period 171,508 154,126
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 168,560 151,338
Restricted cash included in other assets 2,948 2,788
Total cash, cash equivalents, and restricted cash 171,508 154,126
Cash paid during the period for:    
Interest 473 662
Income taxes 22,930 25,302
Cash received during the period for:    
Income tax refund 249 45
Non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for lease obligations 1,647 6,262
Accrued purchases of property and equipment 13 63
Accrued excise tax for repurchase of common stock $ 0 $ 231