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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
OPERATING ACTIVITIES    
Net income $ 48,452 $ 88,745
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 16,668 17,616
Amortization of intangibles 15,825 16,866
Deferred revenue (918) 639
Impairment charges 933 0
Stock-based compensation 3,617 3,730
Loss (gain) on investments and other assets 379 (1,779)
Deferred income taxes (8,811) 1,624
Other 1,036 (6,138)
Changes in operating assets and liabilities:    
Trade receivables (12,723) (13,176)
Inventories 16,179 (1,535)
Accounts payable 345 (16,246)
Accrued liabilities and income taxes (28,042) (43,578)
Prepaid expenses and other assets 4,210 6,639
Net cash provided by operating activities 57,150 53,407
INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired 0 (158,260)
Purchases of property, plant, and equipment (15,547) (25,665)
Net proceeds from sale of property, plant and equipment, and other 7,064 737
Net cash used in investing activities (8,483) (183,188)
FINANCING ACTIVITIES    
Repayments of other debts (678) (668)
Payments of term loan (1,875) (1,875)
Net proceeds related to stock-based award activities 1,364 5,219
Repurchases of common stock (16,131) 0
Cash dividends paid (16,200) (14,880)
Net cash used in financing activities (33,520) (12,204)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (8,550) 4,571
Increase (decrease) in cash, cash equivalents, and restricted cash 6,597 (137,414)
Cash, cash equivalents, and restricted cash at beginning of period 557,123 564,939
Cash, cash equivalents, and restricted cash at end of period 563,720 427,525
Supplementary Cash Flow Information    
Cash and cash equivalents 562,153 425,127
Restricted cash included in prepaid expenses and other current assets 0 812
Restricted cash included in other long-term assets 1,567 1,586
Cash paid during the period for interest 13,235 11,027
Capital expenditures, not yet paid $ 9,968 $ 7,523