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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Cash Flows from Operating Activities:    
Net income $ 240,446 $ 192,952
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense from property, plant and equipment and financing leases 75,415 74,037
Amortization of intangible assets and deferred proceeds, net 11,770 11,815
Fair value adjustment of acquisition related contingent consideration 67,174 (1,436)
Pension plan settlement expense 39,777 0
Deferred income taxes (7,848) 11,189
Loss on sale of property, plant and equipment 4,128 1,327
Amortization of debt costs 494 504
Change in current assets less current liabilities (41,957) (59,004)
Change in other noncurrent assets 5,216 21,904
Change in other noncurrent liabilities (11,277) (9,753)
Total adjustments 142,892 50,583
Net cash provided by operating activities 383,338 243,535
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (92,893) (145,182)
Investment in equity method investees (6,033) (1,538)
Proceeds from the sale of property, plant and equipment 267 5,255
Acquisition of distribution rights 0 (30,149)
Net cash used in investing activities (98,659) (171,614)
Cash Flows from Financing Activities:    
Cash dividends paid (37,495) (4,687)
Payments of acquisition related contingent consideration (13,376) (18,710)
Payments on financing lease obligations (1,130) (1,904)
Debt issuance fees (154) (131)
Net cash used in financing activities (52,155) (25,432)
Net increase in cash during period 232,524 46,489
Cash at beginning of period 197,648 142,314
Cash at end of period 430,172 188,803
Significant non-cash investing and financing activities:    
Additions to property, plant and equipment accrued and recorded in accounts payable, trade 23,435 19,626
Right-of-use assets obtained in exchange for operating lease obligations 2,286 9,345
Reductions to leased property under financing leases $ 0 $ 55,465