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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash Operating Activities:    
Net income $ 48,347 $ 55,175
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 99,755 99,749
Deferred income taxes (1,844) 14,428
Gain on sale of business units, property and equipment (2,697) (1,428)
Adjustment to carrying value of assets 5,675 5,669
Amortization of deferred financing costs 1,890 1,446
Stock-based compensation 11,662 10,585
Contributions to U.S. pension plan (4,399) (6,198)
Amortization of U.S. pension expense 5,175 6,675
Other items, net 20,034 3,649
Net change in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable (97,179) (98,525)
Inventories (2,045) (6,798)
Other assets (3,668) (1,905)
Accounts payable and accrued expenses 114,748 72,785
Change in short term and long-term tax liabilities 15,127 9,585
Net cash provided by operating activities 210,581 164,892
INVESTING ACTIVITIES    
Purchases of property and equipment (50,628) (76,397)
Proceeds from sale of business units, property and equipment 9,248 7,542
Purchase of intangible assets (16,268) (28,174)
Purchases of businesses, net of cash acquired 0 (57,264)
Cash received for notes receivable 538 353
Net cash used in investing activities (57,110) (153,940)
FINANCING ACTIVITIES    
Change in long-term debt 221,642 25,068
Common stock issued for exercise of options 1,222 1,976
Common stock repurchased (5,000) (19,994)
Payments to tax authorities for employee share-based compensation (756) (986)
Net cash provided by financing activities 217,108 6,064
Effect of foreign currency exchange rates on cash 6,156 (2,981)
Net increase in cash and cash equivalents 376,735 14,035
Cash, cash equivalents and restricted cash, beginning 229,876 117,623
Cash, cash equivalents and restricted cash, ending $ 606,611 $ 131,658