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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Cash Flows from Operating Activities of Continuing Operations    
Net income $ 83,579 $ 82,849
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 893 1,250
Depreciation expense 22,385 23,997
Amortization expense of intangible assets 29,826 32,102
Amortization expense of deferred financing costs and debt discount 8,421 7,716
Loss on extinguishment of debt, net 10,454 0
Changes in contingent consideration (2,293) (6,617)
Stock-based compensation 7,126 5,726
Deferred income taxes, net 625 2,811
Other (6,301) (2,142)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:    
Accounts receivable (17,984) 640
Inventories (16,895) (16,385)
Prepaid expenses and other current assets 921 2,407
Accounts payable and accrued expenses (2,966) (1,731)
Income taxes receivable and payable, net (8,203) (12,462)
Net cash provided by operating activities from continuing operations 109,588 120,161
Cash Flows from Investing Activities of Continuing Operations:    
Expenditures for property, plant and equipment (31,321) (30,850)
Proceeds from sale of assets and investments 0 4,139
Payments for businesses and intangibles acquired, net of cash acquired (37,559) (28,535)
Investment in affiliates 0 (60)
Net cash used in investing activities from continuing operations (68,880) (55,306)
Cash Flows from Financing Activities of Continuing Operations:    
Proceeds from new borrowings 288,100 250,000
Reduction in borrowings (250,981) (480,000)
Debt extinguishment, issuance and amendment fees (8,746) (3,275)
Net proceeds from share based compensation plans and the related tax impacts 4,843 2,391
Payments to noncontrolling interest shareholders (832) (1,094)
Payments for contingent consideration (3,989) 0
Dividends (28,234) (28,093)
Net cash provided by (used in) financing activities from continuing operations 161 (260,071)
Cash Flows from Discontinued Operations:    
Net cash used in operating activities (1,363) (1,531)
Net cash used in discontinued operations (1,363) (1,531)
Effect of exchange rate changes on cash and cash equivalents (17,732) 2,145
Net increase (decrease) in cash and cash equivalents 21,774 (194,602)
Cash and cash equivalents at the beginning of the period 303,236 431,984
Cash and cash equivalents at the end of the period $ 325,010 $ 237,382