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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
OPERATING ACTIVITIES    
Net (loss) income $ 15,653 $ 80,781
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 27,728 25,727
Amortization of intangibles 19,808 20,241
Deferred revenue (289) 0
Impairment charges 36,078 0
Stock-based compensation 10,852 12,250
Loss on investments and other assets 542 2,458
Deferred income taxes 2,512 (632)
Other (1,222) 2,009
Changes in operating assets and liabilities:    
Trade receivables 13,914 (13,242)
Inventories (10,761) 6,230
Accounts payable 3,439 (17,927)
Accrued liabilities and income taxes (19,144) (36,713)
Prepaid expenses and other assets 2,176 (1,090)
Net cash provided by operating activities 101,286 80,092
INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired 0 (775)
Purchases of property, plant, and equipment (29,479) (25,249)
Net proceeds from sale of property, plant and equipment 89 6,212
Net cash used in investing activities (29,390) (19,812)
FINANCING ACTIVITIES    
Proceeds of revolving credit facility 240,000 0
Payments of term loan (145,000) (7,500)
Net proceeds related to stock-based award activities 3,642 3,011
Purchases of common stock (22,927) (49,861)
Debt issuance costs (1,786) 0
Cash dividends paid (23,403) (21,274)
Net cash provided by (used in) financing activities 50,526 (75,624)
Effect of exchange rate changes on cash and cash equivalents (1,694) 392
Increase (decrease) in cash and cash equivalents 120,728 (14,952)
Cash and cash equivalents at beginning of period 531,139 489,733
Cash and cash equivalents at end of period 651,867 474,781
Supplementary Cash Flow Information    
Cash paid during the period for interest 10,799 11,478
Capital expenditures, not yet paid $ 4,665 $ 0