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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Operating activities:    
Net income $ 173,446 $ 129,042
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 44,669 41,287
Amortization 23,773 29,427
Share-based compensation expense 14,657 10,649
Provision for deferred income taxes (4,920) (859)
Loss on extinguishment of debt and modification 23,338 1,470
Charge for excess and obsolete inventory 5,873 8,393
Other (1,156) 3,891
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (48,231) (42,087)
Inventories (69,723) (55,362)
Accounts payable and accrued liabilities (15,347) 5,643
Other current assets 10,882 4,871
Income taxes payable and refundable income taxes (26,442) 4,412
Other 4,151 647
Net cash provided by operating activities 134,970 141,424
Investing activities:    
Acquisition of property, plant and equipment (85,101) (46,873)
Acquisition of businesses, net of cash acquired (2,250) (75,645)
Other 90 211
Net cash used in investing activities (87,261) (122,307)
Financing activities:    
Proceeds from revolving credit facility 51,000 217,000
Payments of revolving credit facility (51,000) (217,000)
Proceeds from long-term debt 400,000 400,000
Payments of long-term debt (550,000) (151,000)
Payments for debt extinguishment costs (19,080) 0
Payments for debt issuance costs (4,691) (3,964)
Payments for dividends (21,797) (21,652)
Issuance of common stock 16,817 1,749
Repurchase and retirement of common stock (30,000) (29,564)
Taxes paid related to net share settlement of equity awards (15,093) (12,720)
Deferred acquisition payments 0 (16,125)
Other (110) (2,891)
Net cash (used in) provided by financing activities (223,954) 163,833
Effect of exchange rate changes on cash and cash equivalents (3,615) (2,194)
(Decrease) increase in cash and cash equivalents (179,860) 180,756
Cash and cash equivalents at beginning of period 580,893 351,911
Cash and cash equivalents at end of period 401,033 532,667
Supplemental Cash Flow Information    
Deferred acquisition payments 250 2,033
Equipment purchases in accounts payable 9,165 4,860
Changes in dividends payable 27 86
Schedule of interest and taxes paid    
Interest paid 28,778 19,365
Income taxes paid, net of refunds received $ 58,297 $ 19,315