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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
OPERATING ACTIVITIES      
Net income $ 259,485 $ 373,306 $ 283,806
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 71,634 65,011 55,906
Amortization of intangibles 65,794 55,695 42,729
Non-cash pension settlement charges 0 0 19,855
Impairment charges 4,853 4,546 0
Deferred revenue 1,787 115 (2,570)
Non-cash inventory charges 0 15,593 8,397
Stock-based compensation 23,898 23,626 19,611
Loss (gain) on investments and other assets 291 14,024 (8,907)
Deferred income taxes 46 (22,419) (8,020)
Other 5,473 32,680 20,275
Changes in operating assets and liabilities:      
Trade receivables 24,517 (19,334) (10,234)
Inventories 82,471 (89,235) (104,555)
Accounts payable (36,277) (22,403) 40,481
Accrued liabilities and income taxes (61,022) (9,495) 30,793
Prepaid expenses and other assets 14,437 (1,992) (14,223)
Net cash provided by operating activities 457,387 419,718 373,344
INVESTING ACTIVITIES      
Acquisitions of businesses, net of cash acquired (198,810) (532,670) (423,633)
Purchases of property, plant, and equipment (86,188) (104,341) (90,562)
Net proceeds from sale of property, plant, and equipment 832 676 15,425
Other (151) (62) (390)
Net cash used in investing activities (284,317) (636,397) (499,160)
FINANCING ACTIVITIES      
Proceeds of term loan 0 300,000 0
Proceeds from senior notes payable 0 100,000 0
Payments of senior notes payable (121,302) (25,000) 0
Payments of revolving credit facility 0 0 (30,000)
Repayments of other debts (2,697) (1,552) (2,619)
Payments of term loan (7,500) (3,750) 0
Net proceeds (payments) related to stock-based award activities 7,934 (862) 13,365
Debt issuance costs 0 (2,723) 0
Cash dividends paid (62,161) (55,911) (49,730)
Net cash (used in) provided by financing activities (185,726) 310,202 (68,984)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 4,840 (11,420) (9,889)
(Decrease) increase in cash, cash equivalents, and restricted cash (7,816) 82,103 (204,689)
Cash, cash equivalents, and restricted cash at beginning of period 564,939 482,836 687,525
Cash, cash equivalents, and restricted cash at end of period 557,123 564,939 482,836
Reconciliation of cash and cash equivalents:      
Cash and cash equivalents 555,513 562,588 478,473
Restricted cash included in prepaid expenses and other current assets 0 802 2,718
Restricted cash included in other long-term assets 1,610 1,549 1,645
Cash paid during the period for interest 37,167 25,439 17,420
Cash paid during the period for income taxes, net of refunds 73,932 93,622 55,561
Capital expenditures, not yet paid $ 9,191 $ 11,725 $ 11,872