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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Operating activities:    
Net income $ 125,705 $ 84,676
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 23,905 22,095
Amortization 12,651 11,871
Share-based compensation expense 9,285 7,138
Provision for deferred income taxes (11,230) 1,581
Charge for excess and obsolete inventory 5,811 3,249
Other 5,614 3,336
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (31,171) (21,564)
Inventories (77,476) (39,337)
Accounts payable and accrued liabilities (22,323) (28,591)
Other current assets 2,629 9,400
Income taxes payable and refundable income taxes 16,760 (3,588)
Other 3,628 2,849
Net cash provided by operating activities 63,788 53,115
Investing activities:    
Acquisition of property, plant and equipment (84,405) (43,330)
Other 1,123 72
Net cash used in investing activities (83,282) (43,258)
Financing activities:    
Proceeds from revolving credit facility 79,000 0
Payments of revolving credit facility (79,000) 0
Payments for dividends (13,895) (10,908)
Issuance of common stock 3,379 1,572
Repurchase and retirement of common stock 0 (15,000)
Taxes paid related to net share settlement of equity awards (16,117) (15,038)
Other (962) (1)
Net cash used in financing activities (27,595) (39,375)
Effect of exchange rate changes on cash and cash equivalents (2,744) (2,855)
Decrease in cash and cash equivalents (49,833) (32,373)
Cash and cash equivalents at beginning of period 402,565 580,893
Cash and cash equivalents at end of period 352,732 548,520
Supplemental Cash Flow Information    
Equipment purchases in accounts payable 18,629 8,249
Increase in dividends payable 235 76
Schedule of interest and taxes paid    
Interest paid 1,002 13,515
Income taxes paid, net of refunds received $ 12,867 $ 14,959