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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
OPERATING ACTIVITIES    
Net income $ 158,816 $ 204,534
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 35,623 31,302
Amortization of intangibles 33,751 24,316
Deferred revenue 824 315
Non-cash inventory charges 0 4,769
Impairment charges 3,924 18
Stock-based compensation 16,275 15,268
(Gain) loss on investments and other assets (680) 12,506
Deferred income taxes (3,431) (2,422)
Other (2,939) 28,587
Changes in operating assets and liabilities:    
Trade receivables (30,562) (76,807)
Inventories 26,638 (70,285)
Accounts payable (33,796) 9,153
Accrued liabilities and income taxes (57,790) (23,107)
Prepaid expenses and other assets 4,980 7,175
Net cash provided by operating activities 151,633 165,322
INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired (158,260) (9,758)
Purchases of property, plant, and equipment (41,501) (56,151)
Net proceeds from sale of property, plant and equipment, and other 741 542
Net cash used in investing activities (199,020) (65,367)
FINANCING ACTIVITIES    
Proceeds of term loan 0 300,000
Payments of senior notes payable 0 (25,000)
Repayments of other debts (1,347) 0
Payments of term loan (3,750) 0
Net proceeds related to stock-based award activities 2,201 (1,626)
Debt issuance costs 0 (2,156)
Cash dividends paid (29,790) (26,201)
Net cash (used in) provided by financing activities (32,686) 245,017
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,772) (15,511)
(Decrease) increase in cash, cash equivalents, and restricted cash (81,845) 329,461
Cash, cash equivalents, and restricted cash at beginning of period 564,939 482,836
Cash, cash equivalents, and restricted cash at end of period 483,094 812,297
Supplementary Cash Flow Information    
Cash and cash equivalents 480,743 809,122
Restricted cash included in prepaid expenses and other current assets 771 1,653
Restricted cash included in other long-term assets 1,580 1,522
Cash paid during the period for interest 21,310 8,365
Capital expenditures, not yet paid $ 10,183 $ 7,243