v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 27, 2026
Sep. 28, 2025
Sep. 27, 2026
Sep. 28, 2025
Dec. 31, 2025
Cash flows from operating activities          
Net income $ 21,056 $ 35,303 $ 103,957 $ 105,977  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 42,597 41,967 128,387 127,222  
Stock-based compensation expense     17,856 15,167  
Deferred income taxes     (6,186) 21,794  
Amortization of deferred debt financing costs     2,502 2,433  
Loss on sale of property, plant and equipment     77 2,065  
Other     1,950 (1,332)  
Change in operating assets and liabilities, net of acquisitions of businesses:          
Trade and other receivables, net     (99,344) (96,274)  
Inventories     (71,735) (38,052)  
Prepaid expenses and other assets     18,362 3,904  
Accounts payable, accrued liabilities and other     50,725 55,667  
Net cash provided by operating activities     146,551 198,571  
Cash flows from investing activities          
Purchases of property, plant and equipment     (55,846) (64,744)  
Proceeds from sale of property, plant and equipment     1,645 2,240  
Business acquisitions, net of cash acquired     (23,123) (70,322)  
Other investing activities     (2,069) (4,069)  
Net cash used in investing activities     (79,393) (136,895)  
Cash flows from financing activities          
Term debt repayments     (3,125) (3,125)  
Borrowings on revolver     661,121 619,879  
Repayments on revolver     (570,121) (609,879)  
Stock repurchases under buyback program     (106,133) (31,969)  
Cash dividends paid to shareholders     (46,066) (39,974)  
Taxes paid for share-based payment arrangements     (11,330) (8,919)  
Payment of contingent consideration from business acquisitions     (1,750) (48)  
Other financing activities     (146) (504)  
Net cash used in financing activities     (77,550) (74,539)  
Net decrease in cash and cash equivalents     (10,392) (12,863)  
Cash and cash equivalents at beginning of year     26,432 33,561 $ 33,561
Cash and cash equivalents at end of period $ 16,040 $ 20,698 $ 16,040 $ 20,698 $ 26,432