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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 27, 2022
Cash flows from operating activities    
Net income $ 22,321 $ 4,725
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,840 18,685
Amortization of right of use asset 2,490 5,400
Stock-based compensation expense 10,900 7,054
Change in long-term retirement benefit obligations (6,954) (4,555)
Other – net 1,330 (11,684)
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable – net 51,556 40,930
Other assets (2,295) (6,646)
Accounts payable, accrued payroll and other liabilities (57,103) (75,571)
Unexpired subscriptions 7,645 7,003
Net cash provided by/(used in) operating activities 50,730 (14,659)
Cash flows from investing activities    
Purchases of marketable securities 0 (2,492)
Maturities of marketable securities 28,160 442,895
Business acquisitions, net of cash acquired 0 (515,299)
Capital expenditures (5,985) (8,580)
Other – net 0 (533)
Net cash provided by (used in) investing activities 22,175 (84,009)
Long-term obligations:    
Dividends paid (15,069) (11,839)
Payment of contingent consideration (1,724) (1,724)
Capital shares:    
Proceeds from stock option exercises 0 3
Repurchases (30,720) (29,034)
Share-based compensation tax withholding (11,017) (9,328)
Net cash used in financing activities (58,530) (51,922)
Net increase/(decrease) in cash, cash equivalents and restricted cash 14,375 (150,590)
Effect of exchange rate changes on cash (262) (164)
Cash, cash equivalents and restricted cash at the beginning of the period 235,173 334,306
Cash, cash equivalents and restricted cash at the end of the period $ 249,286 $ 183,552