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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Operating activities    
Net earnings $ 112,189 $ 103,950
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 43,301 40,650
(Gain) loss on disposal of property and equipment (64) (59)
Inventory write-offs for obsolescence 8,986 5,825
Deferred income taxes 7,329 2,347
Other operating activities 269 8,816
Net change in operating assets and liabilities (42,117) (127,944)
Net cash provided by operating activities 129,893 33,585
Investing activities    
Capital expenditures (45,574) (35,909)
Proceeds from sale of property and equipment 326 72
Purchase of short-term investments (41) (7,753)
Maturity of short-term investments 121,768 56,674
Other investing activities (892) (199)
Net cash provided by (used in) investing activities 75,587 12,885
Financing activities    
Net proceeds (payments) on revolving credit lines 65,000 0
Repurchase of common stock held in treasury (20,173) (9,873)
Cash withholding taxes paid when shares withheld for vested equity awards (3,653) (2,123)
Net cash provided by (used in) financing activities 27,154 (26,465)
Effect of exchange rate changes on cash and cash equivalents 4,075 (4,865)
Net increase (decrease) in cash and cash equivalents 236,709 15,140
Cash and cash equivalents at beginning of period 610,825 774,108
Cash and cash equivalents at end of year 847,534 789,248
Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders (12,810) (13,259)
Class B Convertible Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders $ (1,210) $ (1,210)