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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Operating activities    
Net earnings $ 273,559 $ 357,282
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 133,910 121,301
(Gain) loss on disposal of property and equipment (495) (372)
Inventory write-offs for obsolescence 27,469 18,197
Deferred income taxes 20,654 8,843
Stock compensation expense 11,610 5,717
Loss on extinguishment of debt 18,874 0
Other operating activities 7,574 (1,445)
Change in U.S. transition tax liability (27,670) (14,757)
Change in repatriation tax liability 0 (25,201)
Net change in operating assets and liabilities (106,050) (151,773)
Net cash provided by operating activities 359,435 317,792
Investing activities    
Capital expenditures (184,079) (172,175)
Proceeds from sale of property and equipment 1,034 472
Purchase of businesses, net of cash received (5,003) 0
Purchase of short-term investments (82,166) (182,079)
Maturity of short-term investments 308,021 132,892
Other investing activities (1,219) (199)
Net cash provided by (used in) investing activities 36,588 (221,089)
Financing activities    
Proceeds from long-term borrowings 750,000 0
Repurchase of convertible senior notes due 2025 (386,745) 0
Net proceeds (payments) on revolving credit lines (42,000) 0
Issuance costs (26,547) 0
Cash paid for capped call (94,200) 0
Repurchase of common stock held in treasury (57,661) (54,671)
Distributions to noncontrolling interests (867) (741)
Cash withholding taxes paid when shares withheld for vested equity awards (3,994) (2,123)
Net cash provided by (used in) financing activities 96,150 (100,597)
Effect of exchange rate changes on cash and cash equivalents (7,879) (35,222)
Net increase (decrease) in cash and cash equivalents 484,294 (39,116)
Cash and cash equivalents at beginning of period 610,825 774,108
Cash and cash equivalents at end of year 1,095,119 734,992
Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders (38,207) (39,433)
Class B Convertible Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders $ (3,629) $ (3,629)