XML 18 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating activities    
Net earnings $ 31,443 $ 112,189
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 49,527 43,301
(Gain) loss on disposal of property and equipment (625) (64)
Inventory write-offs for obsolescence 8,179 8,986
Deferred income taxes 4,376 7,329
Stock compensation expense 5,344 2,965
Other operating activities 426 (2,696)
Net change in operating assets and liabilities (18,459) (42,117)
Net cash provided by operating activities 80,211 129,893
Investing activities    
Capital expenditures (53,084) (45,574)
Proceeds from sale of property and equipment 751 326
Purchase of businesses, net of cash received (168,616) 0
Purchase of short-term investments (19,232) (41)
Maturity of short-term investments 17,611 121,768
Other investing activities (1,219) (892)
Net cash provided by (used in) investing activities (223,789) 75,587
Financing activities    
Net proceeds (payments) on revolving credit facility 0 65,000
Repurchase of common stock held in treasury (12,538) (20,173)
Cash withholding taxes paid when shares withheld for vested equity awards (4,053) (3,653)
Net cash provided by (used in) financing activities (30,343) 27,154
Effect of exchange rate changes on cash and cash equivalents (2,257) 4,075
Net increase (decrease) in cash and cash equivalents (176,178) 236,709
Cash and cash equivalents at beginning of period 972,719 610,825
Cash and cash equivalents at end of year 796,541 847,534
Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders (12,542) (12,810)
Class B Convertible Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders $ (1,210) $ (1,210)