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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities--    
Net earnings $ 73,779 $ 69,013
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 26,599 25,514
Non-cash share-based compensation 4,159 1,069
Deferred income taxes 8,672 984
Net Periodic Benefit Cost, Other Components (10,089) (7,761)
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net 33,408 11,743
Inventories, net (28,094) (54,532)
Prepaid expenses and other assets 9,566 8,117
Accounts payable 15,001 4,573
Accrued expenses and other liabilities (45,864) (24,772)
Net cash provided by operating activities 87,137 33,948
Cash flows from investing activities--    
Additions to property and equipment (9,181) (8,095)
Acquisitions, net of cash acquired (30,041) (12,397)
Net cash (used in) investing activities (39,222) (20,492)
Cash flows from financing activities--    
Proceeds under Credit Facility 2,303,953 103,957
Repayments under Credit Facility 1,977,453 102,107
Net proceeds (repayments) under international credit facilities 786 (72)
Net repayments under other debt arrangement (11) (175)
Payments of deferred purchase price 0 (446)
Repurchase of treasury stock (74,600) (5,268)
Payments of Debt Issuance Costs 7,577 0
Net cash (used in) provided by financing activities 245,098 (4,111)
Effect of exchange rates on cash and cash equivalents (6,470) 164
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents 286,543 9,509
Cash and cash equivalents at beginning of year 94,500 71,701
Cash and cash equivalents at end of quarter $ 381,043 $ 81,210