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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Cash flows from operating activities of continuing operations:    
Net income $ 15,289 $ 76,748
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 452 548
Depreciation expense 15,928 18,287
Intangible asset amortization expense 50,116 41,540
Deferred financing costs and debt discount amortization expense 853 846
Pension settlement charge 138,139 0
Fair value step up of acquired inventory sold 1,722 0
Changes in contingent consideration 865 2,447
Asset impairment charges 2,110 0
Stock-based compensation 7,129 7,015
Deferred income taxes, net (58,282) 2,092
Interest benefit on swaps designated as net investment hedges (3,720) (5,108)
Other (118) (427)
Changes in assets and liabilities, net of effects of acquisitions and disposals:    
Accounts receivable (9,549) 1,339
Inventories (11,720) (30,099)
Prepaid expenses and other assets 7,352 2,752
Accounts payable, accrued expenses and other liabilities (50,610) (40,856)
Income taxes receivable and payable, net 6,888 7,225
Net cash provided by operating activities from continuing operations 112,844 84,349
Cash flows from investing activities of continuing operations:    
Expenditures for property, plant and equipment (38,432) (21,835)
Payments for businesses and intangibles acquired, net of cash acquired (70) (64)
Net proceeds on swaps designated as net investment hedges 13,695 0
Net cash used in investing activities from continuing operations (24,807) (21,899)
Cash flows from financing activities of continuing operations:    
Reduction in borrowings (57,125) (75,125)
Net proceeds (payments) from share based compensation plans and related tax impacts 1,750 (2,433)
Payments for contingent consideration (72) (64)
Dividends paid (16,001) (15,969)
Net cash used in financing activities from continuing operations (71,448) (93,591)
Cash flows from discontinued operations:    
Net cash used in operating activities (1,863) (285)
Net cash used in discontinued operations (1,863) (285)
Effect of exchange rate changes on cash and cash equivalents (151) 3,530
Net increase (decrease) in cash and cash equivalents 14,575 (27,896)
Cash and cash equivalents at the beginning of the period 222,848 292,034
Cash and cash equivalents at the end of the period $ 237,423 $ 264,138