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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 27, 2020
USD ($)
Jun. 26, 2021
USD ($)
Jun. 27, 2020
USD ($)
OPERATING ACTIVITIES      
Net income (loss) $ (8,991) $ 139,808 $ 15,653
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 13,900 27,251 27,728
Amortization of intangibles 9,827 21,162 19,808
Deferred revenue   (316) (289)
Non-cash inventory charges   6,807 0
Impairment charges 33,841 0 36,078
Stock-based compensation   12,238 10,852
(Gain) loss on investments and other assets   (8,865) 542
Deferred income taxes   (2,172) 2,512
Other   7,842 (1,222)
Changes in operating assets and liabilities:      
Trade receivables   (69,881) 13,914
Inventories   (38,205) (10,761)
Accounts payable   38,955 3,439
Accrued liabilities and income taxes   4,488 (19,144)
Prepaid expenses and other assets   (12,766) 2,176
Net cash provided by operating activities   126,346 101,286
INVESTING ACTIVITIES      
Acquisitions of businesses, net of cash acquired   (109,852) 0
Purchases of property, plant, and equipment   (32,657) (29,479)
Net proceeds from sale of property, plant and equipment, and other   2,569 89
Net cash used in investing activities   (139,940) (29,390)
FINANCING ACTIVITIES      
Proceeds of revolving credit facility   0 240,000
Payments of revolving credit facility   (30,000) 0
Payments of term loan   0 (145,000)
Net proceeds related to stock-based award activities   4,413 3,642
Purchases of common stock   0 (22,927)
Debt issuance costs   0 (1,786)
Cash dividends paid   (23,596) (23,403)
Net cash (used in) provided by financing activities   (49,183) 50,526
Effect of exchange rate changes on cash, cash equivalents, and restricted cash   (2,894) (1,694)
(Decrease) increase in cash, cash equivalents, and restricted cash   (65,671) 120,728
Cash, cash equivalents, and restricted cash at beginning of period   687,525 531,139
Cash, cash equivalents, and restricted cash at end of period 651,867 621,854 651,867
Supplementary Cash Flow Information      
Cash and cash equivalents 651,867 616,330 651,867
Restricted cash included in prepaid expenses and other current assets 0 3,790 0
Restricted cash included in other assets 0 1,734 0
Cash paid during the period for interest $ 3,400 8,719 10,799
Capital expenditures, not yet paid   $ 6,826 $ 4,665