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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 26, 2020
USD ($)
Sep. 25, 2021
USD ($)
Sep. 26, 2020
USD ($)
OPERATING ACTIVITIES      
Net income $ 55,356 $ 231,862 $ 71,009
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 14,200 41,441 41,953
Amortization of intangibles 10,104 31,608 29,912
Deferred revenue   (2,154) (438)
Non-cash inventory charges   6,807 0
Impairment charges 0 0 36,078
Stock-based compensation   16,010 14,544
Gain on investments and other assets   (9,739) (1,200)
Deferred income taxes   1,116 1,567
Other   11,735 (8,549)
Changes in operating assets and liabilities:      
Trade receivables   (83,793) (29,362)
Inventories   (71,232) (1,611)
Accounts payable   53,945 6,661
Accrued liabilities and income taxes   23,294 (2,095)
Prepaid expenses and other assets   (10,236) 5,787
Net cash provided by operating activities   240,664 164,256
INVESTING ACTIVITIES      
Acquisitions of businesses, net of cash acquired   (110,646) 0
Purchases of property, plant, and equipment   (57,526) (41,536)
Net proceeds from sale of property, plant and equipment, and other   2,561 148
Net cash used in investing activities   (165,611) (41,388)
FINANCING ACTIVITIES      
Proceeds of revolving credit facility   0 240,000
Payments of revolving credit facility   (30,000) (60,000)
Payments of term loan   0 (145,000)
Net proceeds related to stock-based award activities   5,771 6,437
Purchases of common stock   0 (22,927)
Debt issuance costs   0 (1,786)
Cash dividends paid   (36,648) (35,100)
Net cash used in financing activities   (60,877) (18,376)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash   (5,832) 6,259
Increase in cash, cash equivalents, and restricted cash   8,344 110,751
Cash, cash equivalents, and restricted cash at beginning of period   687,525 531,139
Cash, cash equivalents, and restricted cash at end of period 641,890 695,869 641,890
Supplementary Cash Flow Information      
Cash and cash equivalents 641,890 690,682 641,890
Restricted cash included in prepaid expenses and other current assets 0 3,483 0
Restricted cash included in other assets 0 1,704 0
Cash paid interest during the period $ 6,400 14,830 17,228
Capital expenditures, not yet paid   $ 9,234 $ 6,267