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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net income $ 99,802 $ 54,964
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Amortization of intangibles 26,224 27,649
Depreciation 6,921 5,815
Share-based compensation 14,730 13,864
Provision for inventory valuation 3,941 6,386
Deferred income taxes (10,823) (11,020)
Other, net (827) 1,136
Changes in operating assets and liabilities, net of effects of business acquired (17,538) (17,039)
Net cash and cash equivalents provided by operating activities 122,430 81,755
Cash flows from investing activities:    
Purchases of marketable securities (394,756) (209,154)
Proceeds from maturities and sales of marketable securities 248,084 198,717
Purchases of property, plant and equipment (19,228) (12,463)
Net cash and cash equivalents used in investing activities (165,900) (22,900)
Cash flows from financing activities:    
Purchases and retirement of common stock 0 (3,197)
Tax payments related to shares withheld for share-based compensation plans (17,959) (9,949)
Payment for Contingent Consideration Liability, Financing Activities 304
Issuance of shares through share-based compensation plans 4,014 5,285
Net cash and cash equivalents used in financing activities (13,945) (8,165)
Effect of exchange rate changes on cash and cash equivalents (3,522) (2,305)
Net increase (decrease) in cash and cash equivalents (60,937) 48,385
Cash and cash equivalents at beginning of period 233,508 175,872
Cash and cash equivalents at end of period 172,571 224,257
Supplemental disclosure of cash flow information:    
Income taxes paid (net of refunds) $ 21,524 $ 18,888