Annual report pursuant to Section 13 and 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 28, 2017
Dec. 29, 2016
Dec. 31, 2015
Operating activities      
Net income $ 102,788 $ 43,039 $ 26,807
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 38,062 28,604 19,684
Loss on early extinguishment of debt 5,442 1,813  
Loss on asset disposals 128 451 144
Amortization of tenant improvement allowances (3,311) (2,561) (2,197)
Deferred income taxes (557) (5,536) 464
Stock based compensation expense 4,959 3,229 3,258
Changes in operating assets and liabilities:      
Receivables, net (19,508) (10,793) (7,997)
Inventories, net (134,248) (21,133) (70,988)
Other assets (1,591) (4,817) (2,520)
Trade accounts payable 100,264 11,145 40,454
Accrued expenses 9,485 27,244 4,908
Income taxes (18,259) 8,271 (4,805)
Deferred revenue 8,067 2,311 4,997
Deferred rent 9,243 3,870 3,327
Tenant improvement allowances 7,984 4,244 4,816
Other 259 75 28
Net cash provided by operating activities 109,207 89,456 20,380
Investing activities      
Purchases of fixed assets (102,253) (74,648) (45,037)
Other     16
Net cash used in investing activities (102,253) (74,648) (45,021)
Financing activities      
Borrowings on revolving line of credit 236,700 171,850 204,300
Payments on revolving line of credit (245,700) (214,750) (177,900)
Proceeds from term loans   362,000  
Payments on term loans (197,500) (98,334) (1,667)
Prepayment penalty on term loan extinguishment   (179)  
Debt issuance costs (1,559) (10,546) (93)
Cash dividends   (225,000)  
Net proceeds from initial public offering 192,336    
Proceeds from exercise of stock options 8,874 284 40
Net cash (used in) provided by financing activities (6,849) (14,675) 24,680
Net (decrease) increase in cash and cash equivalents 105 133 39
Cash and cash equivalents, beginning of the period 451 318 279
Cash and cash equivalents, end of the period 556 451 318
Supplemental disclosures of cash flow information      
Cash paid for interest 15,748 6,922 8,898
Cash paid for income taxes 14,392 8,929 20,182
Fixed assets accrued at the end of the period 8,521 5,387 $ 7,002
Fixed assets acquired as part of lease - paid for by lessor $ 1,786 $ 2,290