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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2025
Mar. 29, 2024
Cash Flows from Operating Activities:    
Net income $ 103,611 $ 165,741
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense from property, plant and equipment and financing leases 47,511 40,888
Amortization of intangible assets and deferred proceeds, net 5,862 5,863
Fair value adjustment of acquisition related contingent consideration 42,728 (5,541)
Deferred income taxes 35,278 56,616
Loss on sale of property, plant and equipment 1,369 670
Amortization of debt costs 835 251
Change in current assets less current liabilities (19,676) (44,257)
Change in other noncurrent assets 6,476 (781)
Change in other noncurrent liabilities (25,823) (25,177)
Total adjustments 94,560 28,532
Net cash provided by operating activities 198,171 194,273
Cash Flows from Investing Activities:    
Purchases of short-term investments (150,157) (183,806)
Proceeds from the disposal of short-term investments 112,755 1,116
Additions to property, plant and equipment (97,866) (77,040)
Investment in equity method investees (4,584) (3,632)
Proceeds from the sale of property, plant and equipment 157 100
Net cash used in investing activities (139,695) (263,262)
Cash Flows from Financing Activities:    
Cash dividends paid (21,794) (154,666)
Payments of acquisition related contingent consideration (19,819) (9,700)
Payments on financing lease obligations (650) (601)
Debt issuance fees (232) (53)
Net cash used in financing activities (42,495) (165,020)
Net increase (decrease) in cash during period 15,981 (234,009)
Cash at beginning of period 1,135,824 635,269
Cash at end of period 1,151,805 401,260
Significant non-cash investing and financing activities:    
Additions to property, plant and equipment accrued and recorded in accounts payable, trade 27,986 24,310
Right-of-use assets obtained in exchange for operating lease obligations $ 223 $ 74