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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Operating activities    
Net earnings (loss) $ 36,330 $ 273,559
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 155,272 133,910
Gain on disposal of property and equipment (1,168) (495)
Inventory write-offs for obsolescence 27,163 27,469
Deferred income taxes (13,667) 20,654
Stock compensation expense 14,928 11,610
Loss on early extinguishment of debt 0 18,874
Other 14,506 7,574
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, net of effects of businesses acquired (74,696) (106,050)
Net cash provided by operating activities 106,046 359,435
Investing activities    
Capital expenditures (175,175) (184,079)
Proceeds from sale of property and equipment 1,397 1,034
Purchase of businesses, net of cash acquired (200,185) (5,003)
Purchase of short-term investments (101,263) (82,166)
Maturity of short-term investments 123,561 308,021
Other investing activities (1,220) (1,219)
Net cash provided by (used in) investing activities (352,885) 36,588
Financing activities    
Proceeds from long-term borrowings 0 750,000
Repurchase of convertible senior notes due 2025 0 (386,745)
Net payments on revolving credit facility 0 (42,000)
Debt issuance and amendment costs (1,062) (26,547)
Cash paid for capped call 0 (94,200)
Repurchase of common stock held in treasury (37,784) (57,661)
Distributions to noncontrolling interests 0 (867)
Cash withholding taxes paid when shares withheld for vested equity awards (4,092) (3,994)
Net cash provided by (used in) financing activities (84,034) 96,150
Effect of exchange rate changes on cash and cash equivalents 1,925 (7,879)
Net increase (decrease) in cash and cash equivalents (328,948) 484,294
Cash and cash equivalents at beginning of period 972,719 610,825
Cash and cash equivalents at end of period 643,771 1,095,119
Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders (37,467) (38,207)
Class B Convertible Common Stock [Member]    
Financing activities    
Dividends paid to common stockholders $ (3,629) $ (3,629)