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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 332,539 $ 311,713
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense from property, plant and equipment and financing leases 113,664 110,661
Amortization of intangible assets and deferred proceeds, net 17,632 17,722
Pension plan settlement expense 117,096 0
Fair value adjustment of acquisition related contingent consideration 86,038 21,132
Deferred income taxes (34,881) 10,749
Loss on sale of property, plant and equipment 5,863 2,855
Amortization of debt costs 742 768
Deferred payroll taxes under CARES Act 0 (18,739)
Change in current assets less current liabilities 35,791 (61,657)
Change in other noncurrent assets 13,417 27,806
Change in other noncurrent liabilities (43,352) (28,701)
Total adjustments 312,010 82,596
Net cash provided by operating activities 644,549 394,309
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (152,260) (183,929)
Investment in equity method investees (9,044) (1,538)
Proceeds from the sale of property, plant and equipment 441 5,348
Acquisition of distribution rights 0 (30,149)
Net cash used in investing activities (160,863) (210,268)
Cash Flows from Financing Activities:    
Cash dividends paid (42,182) (7,030)
Payments of acquisition related contingent consideration (20,979) (28,421)
Payments on financing lease obligations (1,712) (2,441)
Debt issuance fees (244) (219)
Payments on term loan facility and senior notes 0 (125,000)
Net cash used in financing activities (65,117) (163,111)
Net increase in cash during period 418,569 20,930
Cash at beginning of period 197,648 142,314
Cash at end of period 616,217 163,244
Significant non-cash investing and financing activities:    
Additions to property, plant and equipment accrued and recorded in accounts payable, trade 32,388 20,049
Right-of-use assets obtained in exchange for operating lease obligations 4,253 18,703
Reductions to leased property under financing leases $ 0 $ 55,465