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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash flows from operating activities--    
Net earnings $ 161,223 $ 149,408
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 50,135 38,622
Operating Lease Right of Use Asset Amortization 11,131 0
Non-cash share-based compensation 1,334 1,818
Deferred income taxes 10,057 5,573
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net 934 (28,233)
Inventories, net (65,154) 392
Prepaid expenses and other assets (7,135) (3,829)
Accounts payable (4,561) 13,618
Accrued expenses and other liabilities (56,374) (30,734)
Net cash provided by operating activities 101,590 146,635
Cash flows from investing activities--    
Additions to property and equipment (21,630) (24,208)
Purchase of tradename 0 (5,399)
Acquisitions, net of cash acquired (167,089) (1,144,541)
Net cash (used in) investing activities (188,719) (1,174,148)
Cash flows from financing activities--    
Proceeds under Credit Facility 313,107 1,466,974
Repayments under Credit Facility 209,484 431,081
Net repayments under international credit facilities 254 (3,008)
Net repayments under other debt arrangement (175) (3)
Payments of deferred purchase price (446) 0
Repurchase of treasury stock (6,086) 0
Net cash (used in) provided by financing activities 97,170 1,032,882
Effect of exchange rates on cash and cash equivalents (55) (2,739)
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents 9,986 2,630
Cash and cash equivalents at beginning of year 71,701 89,654
Cash and cash equivalents at end of quarter $ 81,687 $ 92,284