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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 32,854 $ 30,156
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,185 14,918
Amortization of right of use asset 2,347 1,691
Stock-based compensation expense 2,455 3,827
Gain on non-marketable equity investment (10,074) (1,886)
Long-term retirement benefit obligations (4,469) (5,754)
Fair market value adjustment on life insurance products 3,469 (1,428)
Other-net 3,064 (7,280)
Changes in operating assets and liabilities:    
Accounts receivable-net 55,722 42,409
Other assets 6,826 (4,329)
Accounts payable, accrued payroll and other liabilities (79,225) (55,835)
Unexpired subscriptions 10,697 8,695
Net cash provided by operating activities 38,851 25,184
Cash flows from investing activities    
Purchases of marketable securities (142,024) (112,029)
Maturities of marketable securities 127,291 108,792
Business acquisitions (8,055) 0
Proceeds from sale of investments – net 2,965 41
Capital expenditures (15,217) (10,473)
Other-net 1,617 689
Net cash used in investing activities (33,423) (12,980)
Long-term obligations:    
Repayment of debt and finance lease obligations 0 (138)
Dividends paid (8,344) (6,601)
Capital shares:    
Proceeds from stock option exercises 931 2,965
Share-based compensation tax withholding (11,432) (15,376)
Net cash used in financing activities (18,845) (19,150)
Net decrease in cash, cash equivalents and restricted cash (13,417) (6,946)
Effect of exchange rate changes on cash 32 (338)
Cash, cash equivalents and restricted cash at the beginning of the period 247,518 259,799
Cash, cash equivalents and restricted cash at the end of the period $ 234,133 $ 252,515