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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating activities:    
Net income $ 112,962 $ 109,480
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 92,750 90,494
Amortization 97,672 112,254
Share-based compensation expense 34,797 42,136
Provision for deferred income taxes (24,088) (66,814)
Impairment of goodwill 0 88,872
Loss on extinguishment of debt 11,385 7,269
(Gain) loss from sale of businesses and held-for-sale assets, net (4,311) 28,577
Gain on termination of alliance agreement 0 154,754
Charge for excess and obsolete inventory 21,122 23,287
Impairment of Long-Lived Assets to be Disposed of 12,967 0
Amortization of debt issuance costs and original issuance discounts 7,797 11,668
Other 6,378 14,571
Changes in operating assets and liabilities:    
Trade accounts receivable (11,908) 17,941
Inventories (50,659) (5,009)
Accounts payable and accrued liabilities (42,634) (23,595)
Other current assets 3,112 (1,534)
Income taxes payable and refundable income taxes (16,923) (15,570)
Other 7,979 (384)
Net cash provided by operating activities 258,398 278,889
Investing activities:    
Acquisition of property, plant and equipment (125,889) (250,043)
Proceeds from sale of businesses, net 249,600 134,286
Proceeds from termination of alliance agreement 0 169,251
Other (1,917) 366
Net cash provided by investing activities 121,794 53,860
Financing activities:    
Proceeds from revolving credit facility and short-term debt 30,000 0
Payments of revolving credit facility and short-term debt (30,000) (135,000)
Proceeds from long-term debt 224,537 117,170
Payments of long-term debt 698,311 293,671
Payments for debt issuance costs 0 (3,475)
Payments for dividends (30,355) (30,150)
Issuance of common stock 10,467 36,767
Taxes paid related to net share settlement of equity awards (15,306) (9,646)
Other (902) (578)
Net cash used in financing activities (509,870) (318,583)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7,243) (10,588)
(Decrease) increase in cash, cash equivalents and restricted cash (136,921) 3,578
Cash, cash equivalents and restricted cash at beginning of period 456,929 563,439
Cash, cash equivalents and restricted cash at end of period 320,008 567,017
Supplemental Cash Flow Information    
Due from buyer on sale of business 1,189 0
Equipment purchases in accounts payable 23,708 22,607
Dividend payable 613 557
Schedule of interest and taxes paid    
Interest paid, net of capitalized interest 107,034 260,282
Income taxes paid, net of refunds received $ 53,002 $ 85,913