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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 56,516 $ 55,327
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,816 30,098
Amortization of right of use asset 4,645 3,520
Stock-based compensation expense 7,482 6,826
Deferred income taxes 1,209 0
Gain on non-marketable equity investment (10,074) (1,886)
Long-term retirement benefit obligations (8,524) (11,574)
Fair market value adjustment on life insurance products 170 (2,048)
Other-net 1,514 (7,801)
Changes in operating assets and liabilities:    
Accounts receivable-net 91,310 59,673
Other assets (1,292) (14,555)
Accounts payable, accrued payroll and other liabilities (64,019) (57,217)
Unexpired subscriptions 11,255 3,637
Net cash provided by operating activities 118,590 64,000
Cash flows from investing activities    
Purchases of marketable securities (278,773) (225,765)
Maturities of marketable securities 228,938 223,327
Business acquisitions (8,055) 0
Proceeds from sale of investments – net 4,074 110
Capital expenditures (21,510) (23,065)
Other-net 2,388 1,872
Net cash used in investing activities (72,938) (23,521)
Long-term obligations:    
Repayment of debt and finance lease obligations 0 (230)
Dividends paid (18,359) (14,936)
Capital shares:    
Proceeds from stock option exercises 1,873 2,965
Share-based compensation tax withholding (11,706) (15,649)
Net cash used in financing activities (28,192) (27,850)
Net increase in cash, cash equivalents and restricted cash 17,460 12,629
Effect of exchange rate changes on cash 162 305
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 $ 265,140 $ 272,733