Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2018
Sep. 28, 2017
Operating activities    
Net income $ 98,285 $ 54,812
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 37,043 27,637
Non-cash loss on early extinguishment of debt 0 5,442
Amortization of tenant improvement allowances (3,277) (2,366)
Deferred income taxes 2,605 9,575
Interest cap derivative contracts (878) 0
Stock based compensation expense 4,611 3,553
Changes in operating assets and liabilities:    
Receivables, net (1,627) (14,082)
Inventories, net 13,685 (101,918)
Other assets (7,848) (1,590)
Trade accounts payable (20,945) 90,780
Accrued expenses (2,352) (3,097)
Income taxes 312 (9,767)
Deferred revenue 2,806 11,145
Deferred rent 7,340 7,778
Tenant improvement allowances 11,974 4,878
Other 1,965 83
Net cash provided by operating activities 143,699 82,863
Investing activities    
Purchases of fixed assets (109,395) (69,639)
Net cash used in investing activities (109,395) (69,639)
Financing activities    
Borrowings on revolving line of credit 204,050 175,300
Payments on revolving line of credit (245,050) (187,200)
Payments on term loans (2,625) (196,625)
Net proceeds from initial public offering 0 192,083
Proceeds from exercise of stock options 9,299 4,327
Debt issuance costs 0 (993)
Net cash used in financing activities (34,326) (13,108)
Net (decrease) increase in cash and cash equivalents (22) 116
Cash and cash equivalents, beginning of the period 556 451
Cash and cash equivalents, end of the period 534 567
Supplemental disclosures of cash flow information    
Cash paid for interest 5,732 13,742
Cash paid for income taxes 722 13,942
Fixed assets accrued at the end of the period 14,500 10,350
Fixed assets acquired as part of lease - paid for by lessor $ 0 $ 1,786