XML 31 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
OPERATING ACTIVITIES      
Net income $ 139,082 $ 164,565 $ 119,519
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 52,477 51,003 38,311
Amortization of intangibles 40,026 52,190 24,700
Impairment charges 322 2,218 0
Deferred revenue (318) 3,965 0
Non-cash inventory charges 0 36,927 1,607
Stock-based compensation 19,046 27,431 16,315
Loss (gain) on investments and other assets 4,854 (670) 0
Deferred income taxes (1,147) (4,679) 17,063
Other 6,638 620 6,048
Changes in operating assets and liabilities:      
Trade receivables 28,497 (3,539) (11,087)
Inventories 22,094 (33,971) (20,180)
Accounts payable (22,574) 13,708 6,494
Accrued liabilities and income taxes (54,242) 29,329 50,626
Prepaid expenses and other assets 10,573 (7,269) 19,754
Net cash provided by operating activities 245,328 331,828 269,170
INVESTING ACTIVITIES      
Acquisitions of businesses, net of cash acquired (775) (318,474) (38,512)
Proceeds from sales and maturities of short-term investments 0 1,407 3,739
Decrease in entrusted loan 0 0 3,599
Purchases of property, plant, and equipment (61,895) (74,753) (65,925)
Proceeds from sale of property, plant, and equipment 6,213 9,572 962
Net cash used in investing activities (56,457) (382,248) (96,137)
FINANCING ACTIVITIES      
Proceeds of revolving credit facility 0 60,000 15,000
Proceeds of term loan 0 75,000 9,375
Proceeds from senior notes payable 0 175,000 125,000
Payments of term loan (10,000) (42,500) (7,188)
Payments of revolving credit facility 0 (60,000) (127,500)
Net proceeds (payments) related to stock-based award activities 7,800 18,857 (2,373)
Payments of entrusted loan 0 0 (3,599)
Cash dividends paid (44,689) (39,993) (31,770)
Purchases of common stock (99,387) (63,564) 0
Other 0 (903) (1,626)
Net cash (used in) provided by financing activities (146,276) 121,897 (24,681)
Effect of exchange rate changes on cash and cash equivalents (1,189) (11,420) 6,200
Increase in cash and cash equivalents 41,406 60,057 154,552
Cash and cash equivalents at beginning of year 489,733 429,676 275,124
Cash and cash equivalents at end of year 531,139 489,733 429,676
Supplementary Cash Flow Information      
Cash paid during the period for interest 21,240 18,462 10,569
Cash paid during the period for income taxes, net of refunds 40,518 41,904 18,088
Capital expenditures, not yet paid $ 11,110 $ 0 $ 0