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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Cash flows from operating activities--    
Net earnings $ 89,263 $ 73,779
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 30,432 26,599
Non-cash share-based compensation 7,609 4,159
Deferred income taxes 1,913 8,672
Net periodic pension benefit (other than service costs) (11,373) (10,089)
Gain (Loss) on Disposition of Assets (1,050) 0
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net (66,666) 33,408
Inventories, net (33,266) (28,094)
Prepaid expenses and other assets 27,407 9,566
Accounts payable 31,662 15,001
Accrued expenses and other liabilities (16,236) (45,864)
Net cash provided by operating activities 59,695 87,137
Cash flows from investing activities--    
Additions to property and equipment (8,725) (9,181)
Proceeds from Sale of Property, Plant, and Equipment 3,354 0
Acquisitions, net of cash acquired (1,667) (30,041)
Net cash (used in) investing activities (7,038) (39,222)
Cash flows from financing activities--    
Proceeds under Credit Facility 18,995 2,303,953
Repayments under Credit Facility 23,683 1,977,453
Net proceeds under international credit facilities (1,757) 786
Net repayments under other debt arrangement (78) (11)
Repurchase of treasury stock (1,762) (74,600)
Payments of Debt Issuance Costs 0 7,577
Net cash (used in) provided by financing activities (8,285) 245,098
Effect of exchange rates on cash and cash equivalents (3,144) (6,470)
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents 41,228 286,543
Cash and cash equivalents at beginning of year 268,103 94,500
Cash and cash equivalents at end of quarter $ 309,331 $ 381,043