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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Jan. 01, 2023
Cash flows from operating activities    
Net earnings $ 208,184 $ 109,860
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 68,304 68,998
Write-off of assets relating to exit activities 21,506 8,360
Impairment of indefinite-lived intangibles 6,020 0
Derivatives not designated in hedging relationships:    
Net losses (gains) 666 (1,383)
Cash (settlements) proceeds (203) 40
Provision for doubtful accounts 1,912 (720)
Deferred income taxes (258) (716)
Non-cash interest expense 1,229 1,461
Stock-based compensation 22,894 18,770
(Gain) loss on disposal of property, plant, and equipment 644 (193)
Changes in assets and liabilities:    
Accounts receivable 139,508 123,398
Inventories 27,401 (135,905)
Prepaid and other current assets (3,602) (8,323)
Other assets (1,343) (899)
Accounts payable (45,650) (31,614)
Accrued expenses (126,857) (17,149)
Other liabilities (108) 1,858
Net cash provided by (used in) operating activities 320,247 135,843
Cash flows from investing activities    
Capital expenditures (59,005) (57,512)
Purchase of business (8,270) 0
Proceeds from termination of net investment hedges 0 43,384
Proceeds from disposal of property, plant, and equipment 2,037 452
Net cash (used in) provided by investing activities (65,238) (13,676)
Cash flows from financing activities    
Net (repayments) borrowings on short-term debt (440) (20,317)
Proceeds from Second Amended Revolver borrowings 182,500 291,100
Repayments of Second Amended Revolver borrowings (327,500) (422,082)
Repayments of Second and Third Amended Term Loans (19,116) (1,625)
Financing costs for debt modification 0 (1,096)
Option proceeds, net 9,668 1,060
Payment of taxes related to net share settlement of equity awards (9,492) (6,385)
Purchase of treasury stock (82,331) (22,907)
Dividends paid to stockholders (25,423) (21,386)
Other 910 842
Net cash (used in) financing activities (271,224) (202,796)
Effect of exchange rate changes on cash and cash equivalents 2,264 (23,778)
Net decrease in cash and cash equivalents (13,951) (104,407)
Cash and cash equivalents at beginning of period 346,665 402,488
Cash and cash equivalents at end of period $ 332,714 $ 298,081