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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 43,026 $ 33,690
Trade accounts receivable, net 149,168 145,281
Inventories 667,668 609,794
Assets held for sale   3,256
Prepaid expenses and other current assets 42,261 38,151
Income tax receivable 14,637 4,284
Total current assets 916,760 834,456
Property, plant and equipment, net of accumulated depreciation of $361,343 and $364,182 as of July 2, 2022 and January 1, 2022, respectively 336,429 341,471
Operating lease right-of-use assets 73,230 65,166
Finance lease right-of-use assets 3,420  
Goodwill 649,105 644,871
Other intangible assets, net 1,920,656 1,927,119
Other assets 7,171 6,916
Deferred income taxes 10,151 8,546
Total assets 3,916,922 3,828,545
Current liabilities:    
Trade accounts payable 164,118 129,861
Accrued expenses 65,631 66,901
Current portion of operating lease liabilities 15,222 12,420
Current portion of finance lease liabilities 1,034  
Income tax payable 16 2,557
Dividends payable 34,043 32,548
Total current liabilities 280,064 244,287
Long-term debt 2,292,139 2,267,759
Deferred income taxes 312,778 310,641
Long-term operating lease liabilities, net of current portion 58,459 55,607
Long-term finance lease liabilities, net of current portion 2,320  
Other liabilities 30,981 29,997
Total liabilities 2,976,741 2,908,291
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.01 par value per share. Authorized 1,000,000 shares; no shares issued or outstanding
Common stock, $0.01 par value per share. Authorized 125,000,000 shares; 71,670,346 and 68,521,651 shares issued and outstanding as of July 2, 2022 and January 1, 2022, respectively 717 685
Additional paid-in capital 29,632 3,547
Accumulated other comprehensive loss (19,170) (18,169)
Retained earnings 929,002 934,191
Total stockholders' equity 940,181 920,254
Total liabilities and stockholders' equity $ 3,916,922 $ 3,828,545