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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Oct. 04, 2015
Sep. 28, 2014
Cash flows from operating activities:    
Net income $ 207,118 $ 185,083
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 52,531 52,832
Amortization 52,159 62,122
Stock-based compensation 23,080 31,873
Provision for excess and obsolete inventory 18,939 21,505
Non-cash charge for the sale of inventories revalued at the date of acquisition 1,567  
Tax benefit related to employee stock compensation awards (3,213) (1,726)
Contingent consideration adjustment (2,600) (630)
Gain from the sale of an equity investment (5,406)  
Deferred taxes (13,973) (8,747)
Other 2,523 2,110
Changes in operating assets and liabilities, net of business acquired:    
Accounts receivable (91,117) (163,670)
Inventories 33,376 38,267
Prepayments and other assets 15,529 47,784
Accounts payable and other accrued expenses 52,663 29,109
Deferred revenue and customer advances 6,751 14,266
Retirement plans contributions (2,998) (3,281)
Accrued income taxes 25,677 10,208
Net cash provided by operating activities 372,606 317,105
Cash flows from investing activities:    
Purchases of property, plant and equipment (66,727) (146,352)
Acquisition of business, net of cash acquired (282,741)  
Purchases of available-for-sale marketable securities (957,606) (844,056)
Proceeds from sales of available-for-sale marketable securities 843,734 236,060
Proceeds from maturities of available-for-sale marketable securities 330,363 495,565
Proceeds from the sale of an equity investment 5,406  
Proceeds from life insurance 1,098 4,391
Net cash used for investing activities (126,473) (254,392)
Cash flows from financing activities:    
Issuance of common stock under employee stock purchase and stock option plans 18,145 21,030
Tax benefit related to employee stock compensation awards 3,213 1,726
Repurchase of common stock (226,843)  
Dividend payments (38,434) (24,428)
Payment of revolving credit facility costs (2,253)  
Payments of long-term debt   (190,975)
Net cash used for financing activities (246,172) (192,647)
Decrease in cash and cash equivalents (39) (129,934)
Cash and cash equivalents at beginning of period 294,256 341,638
Cash and cash equivalents at end of period $ 294,217 $ 211,704