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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Operating activities:    
Net (loss) income $ (88,166) $ 125,705
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 46,775 23,905
Amortization 57,574 12,651
Share-based compensation expense 30,678 9,285
Provision for deferred income taxes (34,826) (11,230)
Impairment of goodwill 88,872 0
Loss on extinguishment of debt (2,787) 0
Loss from sale of business 13,642 0
Charge for excess and obsolete inventory 13,287 5,811
Other 14,439 5,614
Changes in operating assets and liabilities:    
Trade accounts and notes receivable 8,379 (31,171)
Inventories (34,852) (77,476)
Accounts payable and accrued liabilities 20,043 (22,323)
Other current assets 2,538 2,629
Income taxes payable and refundable income taxes 15,867 16,760
Other (5,166) 3,628
Net cash provided by operating activities 151,871 63,788
Investing activities:    
Acquisition of property, plant and equipment (133,992) (84,405)
Proceeds from sale of business 133,527 0
Other 108 1,123
Net cash used in investing activities (357) (83,282)
Financing activities:    
Proceeds from revolving credit facility and short-term debt 0 79,000
Payments of revolving credit facility and short-term debt 0 (79,000)
Proceeds from long-term debt 117,170 0
Repayments of Assumed Debt 117,170 0
Payments for dividends (15,170) (13,895)
Issuance of common stock 18,393 3,379
Taxes paid related to net share settlement of equity awards (9,406) (16,117)
Other (299) (962)
Net cash used in financing activities (6,482) (27,595)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 561 (2,744)
Increase (decrease) in cash, cash equivalents and restricted cash (145,593) 49,833
Cash, cash equivalents and restricted cash at beginning of period 563,439 402,565
Cash, cash equivalents and restricted cash at end of period 709,032 352,732
Supplemental Cash Flow Information    
Due from buyer on sale of business 1,330 0
Equipment purchases in accounts payable 22,041 18,629
Dividend payable 576 423
Schedule of interest and taxes paid    
Interest paid less capitalized interest 38,146 1,002
Income taxes paid, net of refunds received $ 42,424 $ 12,867