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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Cash flows from operating activities--    
Net earnings $ 85,755 $ 89,263
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 46,742 30,432
Non-cash share-based compensation 13,723 7,609
Deferred income taxes 8,586 1,913
Net periodic pension benefit (other than service costs) (11,516) (11,373)
Gain (Loss) on Disposition of Assets 0 (1,050)
Other Noncash Income (Expense) (6,173) 0
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net (55,305) (66,666)
Inventories, net (88,474) (33,266)
Prepaid expenses and other assets (3,926) 27,407
Accounts payable 1,235 31,662
Accrued expenses and other liabilities (5,991) (16,236)
Net cash provided by operating activities (15,344) 59,695
Cash flows from investing activities--    
Additions to property and equipment (14,497) (8,725)
Proceeds from Sale of Property, Plant, and Equipment 0 3,354
Payments to Acquire Intangible Assets (240) 0
Acquisitions, net of cash acquired (9,389) (1,667)
Net cash (used in) investing activities (24,126) (7,038)
Cash flows from financing activities--    
Proceeds under Credit Facility 365,000 18,995
Repayments under Credit Facility 177,250 23,683
Premiums paid for capped call (9,655) 0
Net proceeds (repayments) under international credit facilities 756 (1,757)
Repurchase of treasury stock (170,013) (1,762)
Payments of deferred purchase price (117) (78)
Net cash (used in) provided by financing activities 8,721 (8,285)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations (2,937) (3,144)
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents (33,686) 41,228
Cash and cash equivalents at beginning of year 180,362 268,103
Cash and cash equivalents at end of quarter $ 146,676 $ 309,331