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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Operating activities:    
Net income $ 79,907 $ 65,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 21,736 19,603
Amortization of intangibles 9,451 6,249
Stock-based compensation 7,168 7,030
Non-cash inventory charge 2,769 2,069
Excess tax benefit on share-based compensation (2,477) (3,763)
Loss on sale of assets 673 169
Impairment and equity in net loss of unconsolidated affiliate   10,678
Changes in operating assets and liabilities:    
Accounts receivable (9,728) (16,348)
Inventories (4,118) (4,537)
Accounts payable 3,024 6,659
Accrued expenses (including post-retirement) (7,080) (11,743)
Accrued payroll and severance (1,198) 5,492
Accrued taxes 5,756 (2,167)
Prepaid expenses and other (2,052) 1,294
Net cash provided by operating activities 103,831 85,811
Investing activities:    
Purchases of property, plant, and equipment (19,422) (25,328)
Acquisition of businesses, net of cash acquired (52,768) (145,000)
Purchase of short-term investments   (8,478)
Proceeds from maturities of short-term investments 6,770  
Proceeds from sale of assets 72 158
Net cash used in investing activities (65,348) (178,648)
FINANCING activities:    
Proceeds from term loan   100,000
Proceeds from revolving credit facility 97,500 160,500
Payments of term loan (3,750)  
Payments of revolving credit facility (37,000) (116,000)
Debt issuance costs paid (108) (809)
Cash dividends paid (15,543) (13,789)
Purchases of common stock (14,283)  
Proceeds from exercise of stock options 12,170 19,335
Excess tax benefit on share-based compensation 2,477 3,763
Net cash provided by financing activities 41,463 153,000
Effect of exchange rate changes on cash and cash equivalents (6,862) (2,631)
Increase in cash and cash equivalents 73,084 57,532
Cash and cash equivalents at beginning of period 305,192 235,404
Cash and cash equivalents at end of period $ 378,276 $ 292,936