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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 21,901 $ 48,265
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,689 30,247
Stock-based compensation expense 6,347 8,172
Amortization of convertible notes debt discount 3,505 3,382
Deferred income taxes (7,346) 231
Other 3,016 (810)
Change in operating assets and liabilities, net of acquisitions of businesses:    
Trade receivables (55,520) (31,514)
Inventories (7,183) 13,699
Prepaid expenses and other assets 14,908 2,368
Accounts payable, accrued liabilities and other 25,055 19,774
Net cash provided by operating activities 39,372 93,814
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (11,305) (18,177)
Proceeds from sale of property, equipment and other investing activities 126 4,357
Business acquisitions, net of cash acquired (23,838) (1,246)
Net cash used in investing activities (35,017) (15,066)
CASH FLOWS FROM FINANCING ACTIVITIES    
Term debt repayments (1,250) (3,750)
Borrowings on revolver 8,022 389,294
Repayments on revolver (8,022) (439,627)
Stock repurchases under buyback program (15,550) 0
Cash dividends paid to shareholders (11,607) 0
Payments related to vesting of stock-based awards, net of shares tendered for taxes (2,860) (3,303)
Payment of deferred financing costs (58) (276)
Proceeds from exercise of stock options 642 7
Payment of contingent consideration from a business acquisition (2,000) (4,416)
Net cash used in financing activities (32,683) (62,071)
Increase (decrease) in cash and cash equivalents (28,328) 16,677
Cash and cash equivalents at beginning of year 139,390 6,895
Cash and cash equivalents at end of period $ 111,062 $ 23,572