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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Cash flows from operating activities:    
Consolidated net income $ 58,789 $ 36,577
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 40,999 30,613
Provision for inventory excess and obsolescence 1,940 3,187
Share-based compensation 17,809 20,169
Deferred income taxes (14,628) (3,064)
Inventory acquisition fair value adjustments   280
Write-off of unamortized deferred financing costs 624  
Other (152) 934
Changes in assets and liabilities which (used)/provided cash, excluding effects from business acquisitions:    
Accounts receivable (34,444) (21,458)
Inventories (46,552) (11,943)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets (2,041) (7,043)
Accounts payable, income taxes payable, accrued expenses and other current liabilities 29,393 19,511
Other non-current assets and liabilities (1,570) (1,851)
Net cash provided by operating activities 50,167 65,912
Cash flows from investing activities:    
Cash paid for business acquisitions, net of working capital adjustments (21,565) (285,181)
Purchases of property, plant and equipment (15,385) (14,759)
Payment of contingent consideration related to acquisition of technology assets (1,470) (2,200)
Other investing activities 137  
Net cash used in investing activities (38,283) (302,140)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 69,941 280,000
Repayments under term loan and revolving credit facilities (37,791) (24,036)
Payments of debt issuance costs (2,492)  
Payments of withholding taxes from share-based awards (9,626) (30,672)
Repurchases of common shares (10,000)  
Payments of contingent consideration related to acquisitions (46,254) (1,836)
Purchase of a building under finance lease   (8,743)
Other financing activities (447) (423)
Net cash provided by (used in) financing activities (36,669) 214,290
Effect of exchange rates on cash and cash equivalents (8,028) (721)
Increase (decrease) in cash and cash equivalents (32,813) (22,659)
Cash and cash equivalents, beginning of the period 117,393 125,054
Cash and cash equivalents, end of the period 84,580 102,395
Supplemental disclosure of cash flow information:    
Cash paid for interest 8,962 3,679
Cash paid for income taxes 17,102 9,231
Income tax refunds received $ 164 $ 1,201