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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 152,853 $ 90,850
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Amortization of intangibles 39,338 41,473
Depreciation 10,818 9,018
Share-based compensation 21,826 19,913
Provision for inventory valuation 5,925 6,111
Deferred income taxes (15,951) (21,193)
Other, net (97) 3,005
Changes in operating assets and liabilities, net of effects of business acquired (25,035) (38,790)
Net cash and cash equivalents provided by operating activities 189,677 110,387
Cash flows from investing activities:    
Purchases of marketable securities (538,132) (360,273)
Proceeds from maturities and sales of marketable securities 342,958 314,124
Purchases of property, plant and equipment (27,277) (20,110)
Net cash and cash equivalents used in investing activities (222,451) (66,259)
Cash flows from financing activities:    
Purchases and retirement of common stock 0 (3,197)
Tax payments related to shares withheld for share-based compensation plans (18,441) (10,367)
Payment for Contingent Consideration Liability, Financing Activities 737 803
Issuance of shares through share-based compensation plans 9,178 5,285
Net cash and cash equivalents used in financing activities (10,000) (9,082)
Effect of exchange rate changes on cash and cash equivalents (1,996) (4,333)
Net increase (decrease) in cash and cash equivalents (44,770) 30,713
Cash and cash equivalents at beginning of period 233,508 175,872
Cash and cash equivalents at end of period 188,738 206,585
Supplemental disclosure of cash flow information:    
Income taxes paid (net of refunds) $ 30,232 $ 28,935