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Condensed Consolidated Cash Flow Statements (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Cash flows from operating activities:    
Net income $ 94,486 $ 72,713
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 42,686 43,272
Loss on debt extinguishment 6,392 0
Share-based compensation 10,870 13,513
Asset impairments 0 6,995
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes, acquired businesses and disposals:    
Receivables (20,699) (90,810)
Inventories (47,305) (50,111)
Accounts payable (23,563) 50,158
Accrued liabilities (58,525) 227
Income taxes 163 1,474
Other assets (2,634) (6,924)
Other liabilities (10,452) (13,853)
Net cash provided by (used for) operating activities (8,581) 26,654
Cash flows from investing activities:    
Proceeds from disposal of businesses, net of cash sold 338,686 10,798
Proceeds from disposal of tangible assets 1,424 3,249
Capital expenditures (31,010) (30,866)
Cash used for acquisitions and investments, net of cash acquired (104,123) (73,749)
Purchase of intangible assets 0 (3,650)
Net cash provided by (used for) investing activities 204,977 (94,218)
Cash flows from financing activities:    
Payments under borrowing arrangements (230,639) (1,841)
Payments under share repurchase program (66,559) 0
Withholding tax payments for share-based payment awards (5,167) (2,009)
Cash dividends paid (4,520) (4,493)
Payments under financing lease obligations (83) (75)
Debt issuance costs paid 0 (1,728)
Proceeds from issuance of common stock 3,717 0
Net cash used for financing activities (303,251) (10,146)
Effect of foreign currency exchange rate changes on cash and cash equivalents (9,220) (993)
Decrease in cash and cash equivalents (116,075) (78,703)
Cash and cash equivalents, beginning of period 643,757 501,994
Cash and cash equivalents, end of period $ 527,682 $ 423,291