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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Operating activities    
Net income $ 36,029 $ 38,891
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,614 9,128
Amortization of intangibles 11,998 5,944
Provision for bad debts (13) 351
Non-cash inventory charges 17,896
Unrealized gain on investments (1,864)
Loss on sale of property, plant, and equipment 99 600
Stock-based compensation 8,714 3,583
Deferred income taxes 842 616
Changes in operating assets and liabilities:    
Accounts receivable (8,417) (11,267)
Inventories (269) (3,296)
Accounts payable 2,990 (3,295)
Accrued expenses (including post-retirement) 12,573 4,140
Accrued payroll and severance (18,607) (20,221)
Accrued taxes (1,174) (220)
Prepaid expenses and other (3,143) (2,011)
Net cash provided by operating activities 69,268 22,943
Investing activities    
Acquisitions of businesses, net of cash acquired (306,487) (14,172)
Proceeds from maturities of short-term investments 3,739
Decrease in entrusted loan 655
Purchases of property, plant, and equipment (17,909) (12,377)
Proceeds from sale of property, plant, and equipment 19 57
Net cash used in investing activities (324,377) (22,098)
Financing activities:    
Proceeds of revolving credit facility 50,000
Proceeds of term loan 75,000
Proceeds of senior notes payable 175,000 125,000
Payments of term loan (2,500) (1,563)
Payments of revolving credit facility (47,000) (112,500)
Net (payments) proceeds related to stock-based award activities 116 (199)
Proceeds (payments) from entrusted loan (655)
Debt issuance costs (878) (71)
Cash dividends paid (9,198) (7,472)
Net cash provided by financing activities 240,308 2,938
Effect of exchange rate changes on cash and cash equivalents (2,417) (928)
Increase (decrease) in cash and cash equivalents (17,218) 2,855
Cash and cash equivalents at beginning of year 429,676 275,124
Cash and cash equivalents at end of year $ 412,458 $ 277,979