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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
OPERATING ACTIVITIES    
Net income $ 24,644 $ 36,989
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 13,821 13,088
Amortization of intangibles 9,981 10,191
Deferred revenue (145) 0
Impairment charges 2,237  
Stock-based compensation 2,965 3,966
Loss on investments and other assets 2,604 2,810
Deferred income taxes 616 (72)
Other 3,547 5,393
Changes in operating assets and liabilities:    
Trade receivables (9,457) (5,800)
Inventories 6,667 (3,250)
Accounts payable (3,964) (8,499)
Accrued liabilities and income taxes (7,012) (27,170)
Prepaid expenses and other assets (1,225) 3,273
Net cash provided by operating activities 45,279 30,919
INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired 0 (775)
Purchases of property, plant, and equipment (16,586) (14,076)
Net proceeds from sale of property, plant and equipment 50 607
Net cash used in investing activities (16,536) (14,244)
FINANCING ACTIVITIES    
Proceeds of revolving credit facility 100,000 0
Payments of term loan (2,500) (5,000)
Net proceeds related to stock-based award activities 2,956 2,198
Purchases of common stock (22,927) (17,906)
Cash dividends paid (11,725) (10,625)
Net cash provided by (used in) financing activities 65,804 (31,333)
Effect of exchange rate changes on cash and cash equivalents (5,111) 1,539
Increase (decrease) in cash and cash equivalents 89,436 (13,119)
Cash and cash equivalents at beginning of period 531,139 489,733
Cash and cash equivalents at end of period 620,575 476,614
Supplementary Cash Flow Information    
Cash paid during the period for interest 7,354 8,011
Capital expenditures, not yet paid $ 5,832 $ 0