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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Cash flows from operating activities:    
Consolidated net income $ 36,577 $ 31,865
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 30,613 28,363
Provision for inventory excess and obsolescence 3,187 3,550
Share-based compensation 20,169 16,072
Deferred income taxes (3,064) (3,455)
Inventory acquisition fair value adjustments 280 188
Other 934 427
Changes in assets and liabilities which (used)/provided cash, excluding effects from business acquisitions:    
Accounts receivable (21,458) 9,655
Inventories (11,943) 11,937
Prepaid income taxes, income taxes receivable, prepaid expenses and other current assets (7,043) 5,741
Accounts payable, income taxes payable, accrued expenses and other current liabilities 19,511 (13,134)
Other non-current assets and liabilities (1,851) 2,477
Cash provided by operating activities 65,912 93,686
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired and working capital adjustments (285,181)  
Purchases of property, plant and equipment (14,759) (7,164)
Payment of contingent consideration related to acquisition of technology assets (2,200) (2,632)
Cash used in investing activities (302,140) (9,796)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 280,000  
Repayments under term loan and revolving credit facilities (24,036) (34,017)
Payments of debt issuance costs   (1,614)
Payments of withholding taxes from share-based awards (30,672) (8,302)
Repurchases of common shares   (5,500)
Payment of contingent consideration related to acquisitions (1,836) (1,135)
Purchase of building under finance lease (8,743)  
Payments of deferred and escrowed purchase price related to acquisitions   (5,772)
Other financing activities (423) (855)
Cash provided by (used in) financing activities 214,290 (57,195)
Effect of exchange rates on cash and cash equivalents (721) 991
Increase (decrease) in cash and cash equivalents (22,659) 27,686
Cash and cash equivalents, beginning of the period 125,054 78,944
Cash and cash equivalents, end of the period 102,395 106,630
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,679 4,099
Cash paid for income taxes 9,231 4,350
Income tax refunds received $ 1,201 $ 4,613