XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Cash Flows from Operating Activities:    
Net income $ 118,127 $ 93,390
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense from property, plant and equipment and financing leases 37,601 37,361
Amortization of intangible assets and deferred proceeds, net 5,908 5,908
Fair value adjustment of acquisition related contingent consideration 41,654 (5,457)
Deferred income taxes 40,743 33,130
Loss on sale of property, plant and equipment 2,389 439
Amortization of debt costs 246 249
Change in current assets less current liabilities (49,538) (32,415)
Change in other noncurrent assets (1,430) 8,189
Change in other noncurrent liabilities (11,006) (9,913)
Total adjustments 66,567 37,491
Net cash provided by operating activities 184,694 130,881
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (52,700) (104,353)
Proceeds from the sale of property, plant and equipment 158 2,178
Acquisition of distribution rights 0 (30,149)
Investment in CONA Services LLC 0 (197)
Net cash used in investing activities (52,542) (132,521)
Cash Flows from Financing Activities:    
Cash dividends paid (32,808) (2,344)
Payments of acquisition related contingent consideration (6,499) (9,822)
Payments on financing lease obligations (558) (1,375)
Debt issuance fees (154) (48)
Net cash used in financing activities (40,019) (13,589)
Net increase (decrease) in cash during period 92,133 (15,229)
Cash at beginning of period 197,648 142,314
Cash at end of period 289,781 127,085
Significant non-cash investing and financing activities:    
Additions to property, plant and equipment accrued and recorded in accounts payable, trade 18,112 12,703
Right-of-use assets obtained in exchange for operating lease obligations 723 5,048
Reductions to leased property under financing leases $ 0 $ 55,465