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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash flows from operating activities--    
Net earnings $ 199,003 $ 209,848
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 75,777 60,042
Non-cash share-based compensation 26,880 16,938
Deferred income taxes 8,119 (5,997)
Net periodic pension benefit (other than service costs) (22,300) (22,905)
Gain (Loss) on Disposition of Assets 0 (763)
Other Noncash Income (Expense) (16,981) 0
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net (50,196) (63,502)
Inventories, net (171,899) (68,049)
Prepaid expenses and other assets (11,584) 11,702
Accounts payable 19,530 41,521
Accrued expenses and other liabilities 33,109 (6,454)
Net cash provided by operating activities 89,458 172,381
Cash flows from investing activities--    
Additions to property and equipment (32,133) (19,311)
Proceeds from Sale of Property, Plant, and Equipment 0 5,948
Payments to Acquire Intangible Assets (240) 0
Acquisitions, net of cash acquired (74,886) (10,859)
Net cash (used in) investing activities (107,259) (24,222)
Cash flows from financing activities--    
Proceeds under Credit Facility 700,000 18,995
Repayments under Credit Facility 426,500 29,870
Premiums paid for capped call (9,655) 0
Net proceeds under international credit facilities 693 169
Payments of deferred purchase price (7,014) (5,515)
Repurchase of treasury stock (239,609) (2,362)
Other, net (177) (148)
Net cash (used in) provided by financing activities 17,738 (18,731)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations (13,710) (1,969)
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents (13,773) 127,459
Cash and cash equivalents at beginning of year 180,362 268,103
Cash and cash equivalents at end of quarter $ 166,589 $ 395,562