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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Operating activities:    
Net income $ 290,907 $ 208,345
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 67,510 62,064
Amortization 35,616 41,176
Share-based compensation expense 22,124 16,552
Provision for deferred income taxes (12,307) 14,958
Loss on extinguishment of debt and modification 23,338 2,378
Charge for excess and obsolete inventory 10,066 11,933
Other 265 3,836
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (53,358) (65,367)
Inventories (115,187) (54,278)
Accounts payable and accrued liabilities 37,577 10,076
Other current assets 10,575 2,189
Income taxes payable and refundable income taxes (35,275) (11,995)
Other 2,623 789
Net cash provided by operating activities 284,474 242,656
Investing activities:    
Acquisition of property, plant and equipment (133,986) (79,560)
Acquisition of businesses, net of cash acquired (2,250) (111,145)
Other 4,416 265
Net cash used in investing activities (131,820) (190,440)
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) (251,000)
Payments for debt extinguishment costs (19,080) 0
Payments for debt issuance costs (5,069) (3,964)
Payments for dividends (32,650) (32,446)
Issuance of common stock 17,872 4,899
Repurchase and retirement of common stock (50,000) (29,564)
Taxes paid related to net share settlement of equity awards (15,368) (24,556)
Deferred acquisition payments 0 (16,125)
Other (218) (2,892)
Net cash (used in) provided by financing activities (254,513) 44,352
Effect of exchange rate changes on cash and cash equivalents (3,282) (507)
(Decrease) increase in cash and cash equivalents (105,141) 96,061
Cash and cash equivalents at beginning of period 580,893 351,911
Cash and cash equivalents at end of period 475,752 447,972
Supplemental Cash Flow Information    
Deferred acquisition payments 250 2,785
Equipment purchases in accounts payable 15,965 7,543
(Decrease) increase in dividends payable (16) 74
Schedule of interest and taxes paid    
Interest paid 29,759 33,164
Income taxes paid, net of refunds received $ 85,409 $ 35,544