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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Operating activities      
Net income $ 119,519 $ 104,488 $ 80,866
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 38,311 33,800 29,701
Amortization of Intangible Assets 24,700 19,337 11,898
Impairment of goodwill and intangible assets 14,809
Provision for bad debts 2,414 1,769 164
Non-cash inventory charges 1,607 7,834
Net loss on pension settlement, net of tax 19,308
Loss on sale of product line 1,391
Loss on sale of property, plant, and equipment 3,634 813 1,253
Stock-based compensation 16,315 11,987 10,266
Excess tax benefit on share-based compensation (3,421) (1,891)
Deferred income taxes 17,063 (5,269) 11,479
Changes in operating assets and liabilities:      
Accounts receivable (11,087) (22,779) (3,397)
Inventories (20,180) 8,539 (3,577)
Accounts payable 6,494 19,190 2,573
Accrued expenses (including post-retirement) 7,641 2,287 6,482
Accrued payroll and severance 3,709 6,131 5,883
Accrued taxes 39,276 (18,062) 557
Prepaid expenses and other 19,754 (2,711) (5,739)
Net cash provided by operating activities 269,170 180,133 165,826
Investing activities      
Acquisitions of businesses, net of cash acquired (38,512) (471,118) (4,558)
Purchase of cost method investment (3,500)
Proceeds from maturities of short-term investments 3,739 345
Decrease in entrusted loan 3,599 5,510 7,811
Purchases of property, plant, and equipment (65,925) (46,228) (44,019)
Proceeds from sale of property, plant, and equipment 962 248 102
Net cash used in investing activities (96,137) (511,243) (44,164)
Financing activities:      
Proceeds of revolving credit facility 15,000 367,000 49,000
Proceeds of term loan 9,375 125,000
Proceeds of senior notes payable 125,000 226,428
Payments of term loan (7,188) (89,688) (8,750)
Payments of revolving credit facility (127,500) (331,500) (55,500)
Net (payments) proceeds related to stock-based award activities 2,373 (20,494) (9,150)
Proceeds (payments) from entrusted loan (3,599) (5,510) (7,811)
Debt issuance costs (1,626) (3,583) (42)
Cash dividends paid (31,770) (27,866) (24,341)
Excess tax benefit on share-based compensation 3,421 1,891
Purchases of common stock (31,252)
Net cash (used in) provided by financing activities (24,681) 284,196 (67,655)
Effect of exchange rate changes on cash and cash equivalents 6,200 (6,748) (22,792)
Increase (decrease) in cash and cash equivalents 154,552 (53,662) 31,215
Cash and cash equivalents at beginning of year 275,124 328,786 297,571
Cash and cash equivalents at end of year $ 429,676 $ 275,124 $ 328,786