Dorman Products Inc
For the period ended Mar 30, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 7, 2024
DORM$135.80-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| (in thousands) | March 30, 2024 | April 1, 2023 |
| Cash Flows from Operating Activities: | ||
| Net income | $32,828 | $5,683 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation, amortization and accretion | 13,851 | 13,540 |
| Provision for doubtful accounts | 11 | 2,744 |
| Provision for deferred income taxes | 475 | — |
| Provision for stock-based compensation | 2,931 | 2,334 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 40,454 | (4,673) |
| Inventories | 17,235 | 68,935 |
| Prepaids and other current assets | 2,377 | (591) |
| Other assets | (918) | (2,130) |
| Accounts payable | (45,084) | (34,258) |
| Accrued customer rebates and returns | (18,156) | (21,683) |
| Accrued compensation and other liabilities | 5,976 | (3,691) |
| Cash provided by operating activities | 51,980 | 26,210 |
| Cash Flows from Investing Activities: | ||
| Acquisition, net of cash acquired | — | 267 |
| Property, plant and equipment additions | (10,755) | (10,537) |
| Cash used in investing activities | (10,755) | (10,270) |
| Cash Flows from Financing Activities: | ||
| Payments of revolving credit line | (11,600) | (23,900) |
| Payments of long-term debt | (3,125) | (3,125) |
| Proceeds from exercise of stock options | 340 | 1,049 |
| Purchase and cancellation of common stock | (27,609) | (433) |
| Other stock-related activity | (1,573) | (2,254) |
| Cash used in financing activities | (43,567) | (28,663) |
| Effect of exchange rate changes on Cash and Cash Equivalents | (39) | (4) |
| Net Decrease in Cash and Cash Equivalents | (2,381) | (12,727) |
| Cash and Cash Equivalents, Beginning of Period | 36,814 | 46,034 |
| Cash and Cash Equivalents, End of Period | $34,433 | $33,307 |
| Supplemental Cash Flow Information | ||
| Cash paid for interest expense | $10,397 | $11,534 |
| Cash paid for income taxes | $839 | $1,055 |
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