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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating activities    
Net earnings $ 55,323 $ 207,604
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 101,677 87,694
(Gain) loss on disposal of property and equipment (1,091) (495)
Inventory write-offs for obsolescence 19,051 18,023
Deferred income taxes 5,589 16,166
Stock compensation expense 9,293 6,082
Other operating activities (632) (811)
Change in U.S. transition tax liability (37,622) (27,670)
Change in repatriation tax liability (15,000) 0
Net change in operating assets and liabilities (81,107) (69,461)
Net cash provided by operating activities 55,481 237,132
Investing activities    
Capital expenditures (115,648) (117,250)
Proceeds from sale of property and equipment 1,265 1,013
Purchase of businesses, net of cash received (200,185) (5,003)
Purchase of short-term investments (59,638) (41)
Maturity of short-term investments 80,110 293,282
Other investing activities (1,220) (892)
Net cash provided by (used in) investing activities (295,316) 171,109
Financing activities    
Net proceeds (payments) on revolving credit facility 0 143,000
Debt issuance costs 0 (6,120)
Repurchase of common stock held in treasury (25,160) (40,399)
Distributions to noncontrolling interests 0 (867)
Cash withholding taxes paid when shares withheld for vested equity awards (4,058) (3,653)
Net cash provided by (used in) financing activities (56,670) 64,004
Effect of exchange rate changes on cash and cash equivalents (3,483) 6,350
Net increase (decrease) in cash and cash equivalents (299,988) 478,595
Cash and cash equivalents at beginning of period 972,719 610,825
Cash and cash equivalents at end of year 672,731 1,089,420
Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders (25,033) (25,538)
Class B Convertible Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders $ (2,419) $ (2,419)