v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Cash Flows from Operating Activities:    
Net income $ 81,168 $ 67,760
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Depreciation and amortization 28,343 26,297
Amortization of deferred financing fees 317 321
Stock-based compensation 18,308 21,317
Deferred income taxes 5,225 6,968
Impairment of long-lived assets 973 0
Product recalls 3,262 0
Other 2,651 (7,292)
Changes in operating assets and liabilities:    
Accounts receivable (33,383) (40,769)
Inventory (68,008) (28,864)
Other current assets (83,354) (11,506)
Accounts payable and accrued expenses 61,057 (35,560)
Taxes payable 9,650 (18,572)
Other 3,592 799
Net cash provided by (used in) operating activities 29,801 (19,101)
Cash Flows from Investing Activities:    
Purchases of property and equipment (25,479) (19,943)
Additions of intangibles, net (14,474) (11,143)
Net cash used in investing activities (39,953) (31,086)
Cash Flows from Financing Activities:    
Repayments of long-term debt (2,109) (2,109)
Taxes paid in connection with employee stock transactions (10,006) (1,563)
Proceeds from employee stock transactions 218 0
Payments of finance lease obligations (1,268) (12,150)
Borrowings under revolving credit facility 75,000 0
Repayments under revolving credit facility (45,000) 0
Repurchases of common stock (130,047) (22,984)
Excise tax paid on repurchases of common stock (2,899) (1,562)
Net cash used in financing activities (116,111) (40,368)
Effect of exchange rate changes on cash (2,256) 1,433
Net decrease in cash (128,519) (89,122)
Cash, beginning of period 188,342 358,795
Cash, end of period $ 59,823 $ 269,673