Exhibit 99.4
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Three Months Ended | ||||||||
January 31, 2021 | February 2, 2020 | |||||||
Cash flows from operating activities: | ||||||||
Net income | $ | 9,509 | $ | 10,928 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation and amortization | 23,724 | 24,626 | ||||||
Share-based compensation | 1,301 | 1,356 | ||||||
Changes in operating assets, liabilities and other | (8,247 | ) | (6,125 | ) | ||||
Net cash provided by operating activities | 26,287 | 30,785 | ||||||
Cash flows from investing activities: | ||||||||
Purchases of property, plant and equipment | (17,532 | ) | (13,807 | ) | ||||
Government incentives | 397 | 2,417 | ||||||
Other | (61 | ) | (139 | ) | ||||
Net cash used in investing activities | (17,196 | ) | (11,529 | ) | ||||
Cash flows from financing activities: | ||||||||
Proceeds from long-term debt | 6,205 | 1,140 | ||||||
Purchase of treasury stock | (13,209 | ) | (11,000 | ) | ||||
Repayments of debt | (7,796 | ) | (389 | ) | ||||
Proceeds from share-based arrangements | 765 | 2,886 | ||||||
Other | (315 | ) | (248 | ) | ||||
Net cash used in financing activities | (14,350 | ) | (7,611 | ) | ||||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 5,195 | 149 | ||||||
Net (decrease) increase in cash, cash equivalents, and restrcited cash | (64 | ) | 11,794 | |||||
Cash, cash equivalents, and restricted cash, beginning of period | 281,602 | 209,291 | ||||||
Cash, cash equivalents, and restricted cash, end of period | $ | 281,538 | $ | 221,085 |