XML 42 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
OPERATING ACTIVITIES      
Net income $ 164,565 $ 119,519 $ 104,488
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 51,003 38,311 33,800
Amortization of intangibles 52,190 24,700 19,337
Impairment charges 2,218 0 14,809
Deferred revenue 3,965 0 0
Non-cash inventory charges 36,927 1,607 7,834
Stock-based compensation 27,431 16,315 11,987
Excess tax benefit on share-based compensation 0 0 (3,421)
Deferred income taxes (4,679) 17,063 (5,269)
Other (50) 6,048 3,973
Changes in operating assets and liabilities:      
Trade receivables (3,539) (11,087) (22,779)
Inventories (33,971) (20,180) 8,539
Accounts payable 13,708 6,494 19,190
Accrued liabilities and income taxes 29,329 50,626 (9,644)
Prepaid expenses and other assets (7,269) 19,754 (2,711)
Net cash provided by operating activities 331,828 269,170 180,133
INVESTING ACTIVITIES      
Acquisitions of businesses, net of cash acquired (318,474) (38,512) (471,118)
Proceeds from sales and maturities of short-term investments 1,407 3,739 345
Decrease in entrusted loan 0 3,599 5,510
Purchases of property, plant, and equipment (74,753) (65,925) (46,228)
Proceeds from sale of property, plant, and equipment 9,572 962 248
Net cash used in investing activities (382,248) (96,137) (511,243)
FINANCING ACTIVITIES      
Proceeds of revolving credit facility 60,000 15,000 367,000
Proceeds of term loan 75,000 9,375 125,000
Proceeds from senior notes payable 175,000 125,000 226,428
Payments of term loan (42,500) (7,188) (89,688)
Payments of revolving credit facility (60,000) (127,500) (331,500)
Net proceeds (payments) related to stock-based award activities 18,857 (2,373) 20,494
Payments of entrusted loan 0 (3,599) (5,510)
Cash dividends paid (39,993) (31,770) (27,866)
Purchases of common stock (63,564) 0 0
Other (903) (1,626) (162)
Net cash provided by (used in) financing activities 121,897 (24,681) 284,196
Effect of exchange rate changes on cash and cash equivalents (11,420) 6,200 (6,748)
Increase (decrease) in cash and cash equivalents 60,057 154,552 (53,662)
Cash and cash equivalents at beginning of year 429,676 275,124 328,786
Cash and cash equivalents at end of year $ 489,733 $ 429,676 $ 275,124