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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
OPERATING ACTIVITIES    
Net income $ 88,745 $ 117,518
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 17,616 15,574
Amortization of intangibles 16,866 12,724
Deferred revenue 639 (158)
Non-cash inventory charges 0 4,769
Stock-based compensation 3,730 3,886
(Gain) loss on investments and other assets (1,779) 4,729
Deferred income taxes 1,624 (2,112)
Other (6,138) 8,554
Changes in operating assets and liabilities:    
Trade receivables (13,176) (45,945)
Inventories (1,535) (30,879)
Accounts payable (16,246) (6,611)
Accrued liabilities and income taxes (43,578) (36,287)
Prepaid expenses and other assets 6,639 5,969
Net cash provided by operating activities 53,407 51,731
INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired (158,260) 0
Purchases of property, plant, and equipment (25,665) (29,809)
Net proceeds from sale of property, plant and equipment, and other 737 21
Net cash used in investing activities (183,188) (29,788)
FINANCING ACTIVITIES    
Payments of senior notes payable 0 (25,000)
Repayments of other debts (668) 0
Payments of term loan (1,875) 0
Net proceeds related to stock-based award activities 5,219 1,016
Cash dividends paid (14,880) (13,086)
Net cash used in financing activities (12,204) (37,070)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 4,571 (2,738)
Decrease in cash, cash equivalents, and restricted cash (137,414) (17,865)
Cash, cash equivalents, and restricted cash at beginning of period 564,939 482,836
Cash, cash equivalents, and restricted cash at end of period 427,525 464,971
Supplementary Cash Flow Information    
Cash and cash equivalents 425,127 461,617
Restricted cash included in prepaid expenses and other current assets 812 1,745
Restricted cash included in other long-term assets 1,586 1,609
Cash interest during the period 11,027 6,018
Capital expenditures, not yet paid $ 7,523 $ 9,553