Cash Flow

v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 49,988 $ 32,178
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation of property, plant, and equipment 29,292 26,863
Amortization of definite-lived intangible assets 9,224 9,224
Amortization of debt discount and issuance costs 554 531
Deferred income taxes 1,458 157
Stock-based compensation 24,356 8,787
Other 3,219 2,008
Changes in operating assets and liabilities:    
Accounts receivable, net (54,341) (47,605)
Contract assets (45,023) 3,167
Inventories (30,153) (21,852)
Prepaid expenses and other assets (4,998) (2,434)
Accounts payable 54,422 (3)
Contract liabilities (1,098) 4,485
Accrued salaries, wages, and benefits (17,110) (16,555)
Other liabilities 1,953 (9,606)
Net cash provided by (used in) operating activities 21,743 (10,655)
Cash flows from investing activities:    
Net purchases of property, plant, and equipment and other assets (106,848) (63,318)
Proceeds from sale of property, plant, and equipment and other assets 47 98
Net cash used in investing activities (106,801) (63,220)
Cash flows from financing activities:    
Repayment of customer deposits (5,000) 0
Repayment of long-term debt borrowings (922) (947)
Repurchases of common stock 0 (17,875)
other (279) 0
Net cash used in financing activities (6,201) (18,822)
Effect of foreign currency exchange rates on cash and cash equivalents 74 25
Net decrease in cash and cash equivalents (91,185) (92,672)
Cash and cash equivalents at beginning of period 501,234 503,932
Cash and cash equivalents at end of period 410,049 411,260
Supplemental cash flow information:    
Cash paid, net for interest 16,259 17,001
Cash paid, net for income taxes 5,305 10,406
Supplemental disclosure of non-cash investing activities:    
Property, plant, and equipment recorded in accounts payable and other current liabilities $ 72,806 $ 53,637

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