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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Cash Flows from Operating Activities of Continuing Operations    
Net income $ 144,431 $ 137,806
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 1,612 1,521
Depreciation expense 34,035 37,409
Amortization expense of intangible assets 45,278 47,053
Amortization expense of deferred financing costs and debt discount 12,662 11,792
Loss on extinguishment of debt 10,454 0
Gain on sale of assets (408) 0
Changes in contingent consideration (3,260) (7,670)
Stock-based compensation 10,379 9,125
Deferred income taxes, net (21,960) (2,808)
Other (18,329) (4,310)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:    
Accounts receivable (8,714) 2,442
Inventories (19,904) (23,084)
Prepaid expenses and other current assets 1,636 (4,087)
Accounts payable and accrued expenses (2,855) 14,258
Income taxes receivable and payable, net (8,297) (10,649)
Net cash provided by operating activities from continuing operations 176,760 208,798
Cash Flows from Investing Activities of Continuing Operations:    
Expenditures for property, plant and equipment (45,566) (48,220)
Proceeds from sale of assets 408 5,251
Payments for businesses and intangibles acquired, net of cash acquired (63,451) (28,535)
Investment in affiliates 0 (40)
Net cash used in investing activities from continuing operations (108,609) (71,544)
Cash Flows from Financing Activities of Continuing Operations:    
Proceeds from new borrowings 288,100 250,000
Reduction in borrowings (303,627) (480,009)
Debt extinguishment, issuance and amendment fees (9,017) (3,689)
Net proceeds from share based compensation plans and the related tax impacts 4,815 2,936
Payments to noncontrolling interest shareholders (833) (1,094)
Payments for contingent consideration (7,974) 0
Dividends paid (42,382) (42,174)
Net cash used in financing activities from continuing operations (70,918) (274,030)
Cash Flows from Discontinued Operations:    
Net cash used in operating activities (1,954) (1,946)
Net cash used in discontinued operations (1,954) (1,946)
Effect of exchange rate changes on cash and cash equivalents (22,052) (6,880)
Net decrease in cash and cash equivalents (26,773) (145,602)
Cash and cash equivalents at the beginning of the period 303,236 431,984
Cash and cash equivalents at the end of the period $ 276,463 $ 286,382