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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Jan. 01, 2022
USD ($)
Dec. 26, 2020
USD ($)
Dec. 28, 2019
USD ($)
OPERATING ACTIVITIES      
Net income $ 283,806 $ 129,986 $ 139,082
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 55,906 56,139 52,477
Amortization of intangibles 42,729 40,039 40,026
Non-cash pension settlement charges 19,855 0 0
Impairment charges 0 36,078 322
Deferred revenue (2,570) (593) (318)
Non-cash inventory charges 8,397 0 0
Stock-based compensation 19,611 18,129 19,046
(Gain) loss on investments and other assets (8,907) (4,663) 4,854
Deferred income taxes (8,020) (3,214) (1,147)
Other 20,275 (18,230) 6,638
Changes in operating assets and liabilities:      
Trade receivables (10,234) (25,588) 28,497
Inventories (104,555) (12,425) 22,094
Accounts payable 40,481 28,820 (22,574)
Accrued liabilities and income taxes 30,793 6,765 (54,242)
Prepaid expenses and other assets (14,223) 6,788 10,573
Net cash provided by operating activities 373,344 258,031 245,328
INVESTING ACTIVITIES      
Acquisitions of businesses, net of cash acquired (423,633) 0 (775)
Purchases of property, plant, and equipment (90,562) (56,191) (61,895)
Proceeds from sale of property, plant, and equipment 15,425 4,758 6,213
Other (390) 0 0
Net cash used in investing activities (499,160) (51,433) (56,457)
FINANCING ACTIVITIES      
Proceeds of revolving credit facility 0 240,000 0
Payments of revolving credit facility (30,000) (110,000) 0
Payments of term loan and other loans (2,619) (145,000) (10,000)
Net proceeds related to stock-based award activities 13,365 18,744 7,800
Cash dividends paid (49,730) (46,839) (44,689)
Purchases of common stock 0 (22,927) (99,387)
Debt issuance costs 0 (1,786) 0
Net cash used in financing activities (68,984) (67,808) (146,276)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (9,889) 17,596 (1,189)
(Decrease) increase in cash, cash equivalents, and restricted cash (204,689) 156,386 41,406
Cash, cash equivalents, and restricted cash at beginning of period 687,525 531,139 489,733
Cash, cash equivalents, and restricted cash at end of period 482,836 687,525 531,139
Reconciliation of cash and cash equivalents:      
Cash and cash equivalents 478,473 687,525 531,139
Restricted cash included in prepaid expenses and other current assets 2,718 0 0
Restricted cash included in other assets 1,645 0 0
Cash paid during the period for interest 17,420 20,095 21,240
Cash paid during the period for income taxes, net of refunds 55,561 27,619 40,518
Capital expenditures, not yet paid $ 11,872 $ 6,126 $ 11,110