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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Consolidated net income $ 60,367 $ 58,789
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 35,065 40,999
Provision for inventory excess and obsolescence 6,563 1,940
Impairment of assets 1,421  
Share-based compensation 18,378 17,809
Deferred income taxes (12,328) (14,628)
Write-off of unamortized deferred financing costs   624
Other 1,289 (152)
Changes in assets and liabilities which (used)/provided cash, excluding effects from business acquisitions:    
Accounts receivable (6,371) (34,444)
Inventories 5,619 (46,552)
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets (3,444) (2,041)
Accounts payable, income taxes payable, accrued expenses and other current liabilities (24,759) 29,393
Other non-current assets and liabilities (717) (1,570)
Net cash provided by operating activities 81,083 50,167
Cash flows from investing activities:    
Cash paid for business acquisitions, net of working capital adjustments   (21,565)
Purchases of property, plant and equipment (13,741) (15,385)
Payment of contingent consideration related to acquisition of technology assets   (1,470)
Other investing activities   137
Net cash used in investing activities (13,741) (38,283)
Cash flows from financing activities:    
Borrowings under revolving credit facilities   69,941
Repayments under term loan and revolving credit facilities (82,047) (37,791)
Payments of debt issuance costs   (2,492)
Payments of withholding taxes from share-based awards (10,171) (9,626)
Repurchases of common shares   (10,000)
Payments of contingent consideration related to acquisitions (81) (46,254)
Other financing activities (484) (447)
Net cash used in financing activities (92,783) (36,669)
Effect of exchange rates on cash and cash equivalents 1,297 (8,028)
Decrease in cash and cash equivalents (24,144) (32,813)
Cash and cash equivalents, beginning of the period 100,105 117,393
Cash and cash equivalents, end of the period 75,961 84,580
Supplemental disclosure of cash flow information:    
Cash paid for interest 19,290 8,962
Cash paid for income taxes 28,684 17,102
Income tax refunds received $ 275 $ 164