$TILE

INTERFACE INC

CIK:0000715787|SEC Filings

Consolidated Condensed Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 05, 2026	Jun. 29, 2025	Jul. 05, 2026	Jun. 29, 2025
Income Statement [Abstract]
Net sales	$ 395,698	$ 375,522	$ 726,735	$ 672,935
Cost of sales	217,616	227,545	421,930	413,995
Gross profit	178,082	147,977	304,805	258,940
Selling, general and administrative expenses	103,166	95,930	197,559	183,666
Operating income	74,916	52,047	107,246	75,274
Interest expense, net	2,374	4,443	5,039	8,858
Other expense, net	1,717	3,411	2,491	5,114
Income before income tax expense	70,825	44,193	99,716	61,302
Income tax expense	19,418	11,632	24,698	15,739
Net income	$ 51,407	$ 32,561	$ 75,018	$ 45,563
Earnings per share – basic (in dollars per share)	$ 0.89	$ 0.56	$ 1.29	$ 0.78
Earnings per share – diluted (in dollars per share)	$ 0.88	$ 0.55	$ 1.28	$ 0.77
Common shares outstanding – basic (in shares)	57,919	58,555	58,012	58,495
Common shares outstanding – diluted (in shares)	58,296	59,073	58,656	59,123

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 05, 2026	Jun. 29, 2025
OPERATING ACTIVITIES:
Net income	$ 75,018	$ 45,563
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	19,796	19,230
Share-based compensation expense	9,639	6,917
Deferred income taxes	890	254
Amortization of acquired intangible assets	0	2,606
Other	(4,123)	1,111
Working capital changes:
Accounts receivable	(36,530)	(14,739)
Inventories	(19,327)	(12,101)
Prepaid expenses and other current assets	(8,772)	(4,408)
Accounts payable and accrued expenses	15,297	(2,566)
Cash provided by operating activities	51,888	41,867
INVESTING ACTIVITIES:
Capital expenditures	(22,527)	(14,821)
Cash used in investing activities	(22,527)	(14,821)
FINANCING ACTIVITIES:
Borrowings of long-term debt	92,763	1,306
Repayments of long-term debt	(70,283)	(253)
Repurchases of common stock	(20,795)	(4,286)
Tax withholding payments for share-based compensation	(13,990)	(7,736)
Dividends paid	(3,621)	(1,227)
Finance lease payments	(1,922)	(1,544)
Cash used in financing activities	(17,848)	(13,740)
Net cash provided by operating, investing and financing activities	11,513	13,306
Effect of exchange rate changes on cash	(1,308)	9,169
CASH AND CASH EQUIVALENTS:
Net increase	10,205	22,475
Balance, beginning of period	71,323	99,226
Balance, end of period	$ 81,528	$ 121,701

Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jul. 05, 2026	Dec. 28, 2025
Current assets
Cash and cash equivalents	$ 81,528	$ 71,323
Accounts receivable, net	209,982	174,457
Inventories, net	291,598	275,014
Prepaid expenses and other current assets	42,465	34,048
Total current assets	625,573	554,842
Property, plant and equipment, net	313,478	309,449
Operating lease right-of-use assets	69,944	78,191
Deferred tax assets	24,848	25,272
Goodwill and intangible assets, net	158,471	163,012
Other assets	77,926	75,756
Total assets	1,270,240	1,206,522
Current liabilities
Accounts payable	87,133	64,768
Accrued expenses	137,058	147,770
Current portion of operating lease liabilities	14,537	15,748
Current portion of long-term debt	8,790	8,778
Total current liabilities	247,518	237,064
Long-term debt	195,566	172,801
Operating lease liabilities	60,058	67,205
Deferred income taxes	23,181	23,365
Other long-term liabilities	65,552	65,413
Total liabilities	591,875	565,848
Commitments and contingencies (Note 14)
Shareholders’ equity
Preferred stock, par value $1.00 per share; 5,000 shares authorized; none issued or outstanding at July 5, 2026 and December 28, 2025	0	0
Common stock, par value $0.10 per share; 120,000 shares authorized; 57,800 and 57,891 shares issued and outstanding at July 5, 2026 and December 28, 2025, respectively	5,780	5,789
Additional paid-in capital	223,834	248,910
Retained earnings	589,377	517,980
Accumulated other comprehensive loss – foreign currency translation	(102,540)	(92,691)
Accumulated other comprehensive loss – pension liability	(38,086)	(39,314)
Total shareholders’ equity	678,365	640,674
Total liabilities and shareholders’ equity	$ 1,270,240	$ 1,206,522