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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Operating activities    
Net earnings $ 103,950 $ 71,643
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 40,650 42,146
(Gain) loss on disposal of property and equipment (59) (177)
Inventory write-offs for obsolescence 5,825 4,784
Deferred income taxes 2,347 901
Other 8,816 5,728
Net change in operating assets and liabilities (127,944) (67,703)
Net cash provided by operating activities 33,585 57,322
Investing activities    
Capital expenditures (35,909) (28,527)
Proceeds from sale of property and equipment 72 200
Purchase of short-term investments (7,753) (12,853)
Maturity of short-term investments 56,674 29,519
Other investing activities (199) 347
Net cash provided by (used in) investing activities 12,885 (11,314)
Financing activities    
Repurchase of convertible debt instruments 0 (300)
Repurchase of common stock held in treasury (9,873) 0
Cash withholding taxes paid when shares withheld for vested equity awards (2,123) (1,963)
Net cash provided by (used in) financing activities (26,465) (16,020)
Effect of exchange rate changes on cash and cash equivalents (4,865) (6,015)
Net increase (decrease) in cash and cash equivalents 15,140 23,973
Cash and cash equivalents at beginning of period 774,108 619,874
Cash and cash equivalents at end of period 789,248 643,847
Common Stock [Member]    
Operating activities    
Net earnings 0 0
Financing activities    
Dividends paid to common stockholders (13,259) (12,608)
Class B Convertible Common Stock [Member]    
Operating activities    
Net earnings 0 0
Financing activities    
Dividends paid to common stockholders $ (1,210) $ (1,149)