XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 05, 2020
Jun. 30, 2019
Operating activities:    
Net income $ 170,827 $ 104,499
Loss from discontinued operations and dispositions, net of income taxes 101 95
Income from continuing operations 170,928 104,594
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations:    
Restructuring and other costs, net 7,016 13,800
Depreciation and amortization 120,047 103,793
Loss (Gain) on disposition of businesses and assets, net 0 2,469
Loss (Gain) on Disposition of Assets, net 485  
Stock-based compensation 12,654 12,801
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (11,446) 3,161
Amortization of deferred debt financing costs and accretion of discounts 1,642 1,790
Amortization of acquired inventory revaluation 1,485 5,565
Changes in operating assets and liabilities which provided (used) cash, excluding effects from companies purchased and divested:    
Accounts receivable, net 4,312 (9,604)
Inventories (126,707) (50,450)
Accounts payable 20,907 (39,951)
Accrued expenses and other (2,677) (106,425)
Net cash provided by operating activities of continuing operations 198,646 41,543
Net cash used in operating activities of discontinued operations 0 0
Net cash provided by operating activities 198,646 41,543
Investing activities:    
Capital expenditures (37,138) (36,461)
Proceeds from surrender of life insurance policies 131 0
Payments to Acquire Investments (7,393) (868)
Purchases of Licenses 0 (5,000)
Proceeds from Divestiture of Businesses 1,815 550
Activity related to acquisitions, net of cash and cash equivalents acquired (2,990) (244,738)
Net cash used in investing activities of continuing operations (45,575) (286,517)
Net cash provided by investing activities of discontinued operations 0 0
Net cash used in investing activities (45,575) (286,517)
Financing activities:    
Payments of borrowings 290,000 578,000
Proceeds from borrowings 188,000 849,550
Payments of debt financing costs 0 (181)
Settlement of cash flow hedges 5,037 (1,659)
Net payments on other credit facilities (6,036) (9,806)
Payments for acquisition-related contingent consideration (5,200) (23,700)
Proceeds from issuance of common stock under stock plans 10,074 16,554
Purchases of common stock (6,669) (6,057)
Dividends paid (15,572) (15,507)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations (120,366) 231,194
Cash Provided by (Used in) Financing Activities, Discontinued Operations 0 0
Net cash (used in) provided by financing activities (120,366) 231,194
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (4,658) 685
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalent 28,047 (13,095)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at beginning of period 191,894 166,315
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at end of period 219,941 153,220
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 219,941 $ 153,220