v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 12 Months Ended
Jan. 31, 2022
Apr. 02, 2023
Mar. 27, 2022
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income   $ 30,173 $ 112,673  
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization   35,510 30,201  
Stock-based compensation expense   5,242 5,111  
Amortization of convertible notes debt discount   324 449  
Gain on sale of property, plant and equipment $ (5,500) (23) (5,501)  
Other non-cash items   1,755 1,697  
Change in operating assets and liabilities, net of acquisitions of businesses:        
Trade and other receivables, net   (83,354) (160,883)  
Inventories   39,502 (51,769)  
Prepaid expenses and other assets   6,314 7,198  
Accounts payable, accrued liabilities and other   (36,393) 37,785  
Net cash used in operating activities   (950) (23,039)  
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchases of property, plant and equipment   (20,266) (18,668)  
Proceeds from sale of property and equipment and other investing activities   92 7,146  
Business acquisitions, net of cash acquired   (478) (131,597)  
Purchases of intangible assets and other investing activities   (2,925) 0  
Net cash used in investing activities   (23,577) (143,119)  
CASH FLOWS FROM FINANCING ACTIVITIES        
Term debt repayments   (1,875) 0  
Borrowings on revolver   354,324 303,712  
Repayments on revolver   (124,613) (149,712)  
Repayments of convertible notes   (172,500) 0  
Stock repurchases under buyback program   (3,660) (24,778)  
Cash dividends paid to shareholders   (10,761) (8,288)  
Taxes paid for share-based payment arrangements   (7,499) (9,999)  
Payment of contingent consideration from a business acquisition   (1,370) (3,780)  
Proceeds from exercise of common stock options   492 0  
Other financing activities   (75) 0  
Net cash provided by financing activities   32,463 107,155  
Increase (decrease) in cash and cash equivalents   7,936 (59,003)  
Cash and cash equivalents at beginning of year $ 122,849 22,847 122,849 $ 122,849
Cash and cash equivalents at end of period   $ 30,783 $ 63,846 $ 22,847