XML 19 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2020
Jun. 29, 2019
Operating activities    
Net earnings $ 52,279 $ 120,376
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 82,158 81,346
(Gain) loss on disposal of property and equipment (43) (162)
Accretion of interest on convertible debt instruments 7,125 6,985
Inventory write-offs for obsolescence 11,587 12,643
Deferred income taxes (4,370) (5,601)
Loss on extinguishment of debt 4,066 1,307
Other 954 4,283
Change in U.S. transition tax liability 0 (14,757)
Change in repatriation tax liability (16,258) (20,479)
Net change in operating assets and liabilities, net of effects of businesses acquired (12,589) (50,122)
Net cash provided by operating activities 124,909 135,819
Investing activities    
Capital expenditures (48,832) (70,148)
Proceeds from sale of property and equipment 230 464
Purchase of businesses, net of cash received 0 (11,862)
Purchase of short-term investments (157,086) (1,970)
Maturity of short-term investments 108,044 79,694
Other investing activities (529) 2,893
Net cash provided by (used in) investing activities (98,173) (929)
Financing activities    
Issuance costs 0 (5,394)
Repurchase of convertible debt instruments (90,525) (22,695)
Net proceeds (payments) on revolving credit lines 0 28,000
Net changes in short-term borrowings (113) 22
Distributions to noncontrolling interests (600) (600)
Cash withholding taxes paid when shares withheld for vested equity awards (2,016) (2,708)
Net cash provided by (used in) financing activities (120,738) (29,375)
Effect of exchange rate changes on cash and cash equivalents (201) (641)
Net increase (decrease) in cash and cash equivalents (94,203) 104,874
Cash and cash equivalents at beginning of period 694,133 686,032
Cash and cash equivalents at end of period 599,930 790,906
Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders (25,185) (23,822)
Class B Convertible Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders $ (2,299) $ (2,178)