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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Operating activities:    
Net income $ 225,196 $ 173,446
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 48,286 44,669
Amortization 25,145 23,773
Share-based compensation expense 19,467 14,657
Provision for deferred income taxes (23,472) (4,920)
Loss on extinguishment of debt and modification 0 23,338
Charge for excess and obsolete inventory 13,916 5,873
Other 18,243 (1,156)
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (57,309) (48,231)
Inventories (124,941) (69,723)
Accounts payable and accrued liabilities 27,145 (15,347)
Other current assets (2,592) 10,882
Income taxes payable and refundable income taxes (3,548) (26,442)
Other 9,162 4,151
Net cash provided by operating activities 174,698 134,970
Investing activities:    
Acquisition of property, plant and equipment (192,097) (85,101)
Acquisition of businesses, net of cash acquired 0 (2,250)
Other 1,123 90
Net cash used in investing activities (190,974) (87,261)
Financing activities:    
Proceeds from revolving credit facility 201,000 51,000
Payments of revolving credit facility (193,000) (51,000)
Proceeds from long-term debt 2,405,314 400,000
Payments of long-term debt 0 (550,000)
Payments for debt extinguishment costs 0 (19,080)
Payments for debt issuance costs (10,579) (4,691)
Payments for dividends (27,484) (21,797)
Issuance of common stock 8,977 16,817
Repurchase and retirement of common stock 0 (30,000)
Taxes paid related to net share settlement of equity awards (16,317) (15,093)
Other (587) (110)
Net cash provided by (used in) financing activities 2,367,324 (223,954)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10,382) (3,615)
Increase (decrease) in cash, cash equivalents and restricted cash 2,340,666 (179,860)
Cash, cash equivalents and restricted cash at beginning of period 402,565 580,893
Cash, cash equivalents and restricted cash at end of period 2,743,231 401,033
Supplemental Cash Flow Information    
Deferred acquisition payments 0 250
Original issue discount credit due from lender 65,389 0
Equipment purchases in accounts payable 23,394 9,165
Increase in dividends payable 163 27
Schedule of interest and taxes paid    
Interest paid less capitalized interest 15,699 28,778
Income taxes paid, net of refunds received $ 62,168 $ 58,297