XML 63 R7.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash flows from operating activities--    
Net earnings $ 243,243 $ 222,313
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 77,272 66,455
Operating Lease Right of Use Asset Amortization 17,246 0
Non-cash share-based compensation 3,257 5,268
Deferred income taxes 9,931 13,312
Gain (Loss) on Sale of Assets and Asset Impairment Charges 0 783
Non Cash Restructuring 0 5,179
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net (1,116) (38,936)
Inventories, net (65,864) (25,604)
Prepaid expenses and other assets 4,369 10,400
Accounts payable (17,659) 24,625
Accrued expenses and other liabilities (40,935) (31,748)
Net cash provided by operating activities 229,744 252,047
Cash flows from investing activities--    
Additions to property and equipment (33,819) (32,552)
Purchase of tradename 0 (5,399)
Acquisitions, net of cash acquired (238,974) (1,147,738)
Net cash (used in) investing activities (272,793) (1,185,689)
Cash flows from financing activities--    
Proceeds under Credit Facility 444,451 1,520,225
Repayments under Credit Facility 375,188 588,911
Net proceeds (repayments) under international credit facilities 319 (6,997)
Net repayments under other debt arrangement (175) (3)
Payments of deferred purchase price (1,648) (692)
Repurchase of treasury stock (6,144) 0
Net cash (used in) provided by financing activities 61,615 923,622
Effect of exchange rates on cash and cash equivalents (3,086) (3,046)
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents 15,480 (13,066)
Cash and cash equivalents at beginning of year 71,701 89,654
Cash and cash equivalents at end of quarter $ 87,181 $ 76,588