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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
OPERATING ACTIVITIES        
Net income $ 57,342 $ 45,466 $ 100,913 $ 93,918
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 19,375 17,051 37,805 33,719
Amortization of intangibles 14,852 15,729 29,183 31,554
Deferred revenue     2,844 (1,272)
Impairment charges 0 0 136 933
Stock-based compensation     13,447 16,888
Loss on investments and other assets     2,027 1,148
Deferred income taxes     (807) (12,427)
Other     2,123 2,618
Changes in operating assets and liabilities:        
Trade receivables     (52,635) (36,474)
Inventories     23,316 16,241
Accounts payable     (7,001) 6,819
Accrued liabilities and income taxes     (14,425) (28,829)
Prepaid expenses and other assets     11,299 1,738
Net cash provided by operating activities     148,225 126,574
INVESTING ACTIVITIES        
Acquisitions of businesses, net of cash acquired     (57,417) 0
Purchases of property, plant, and equipment     (32,999) (34,674)
Net proceeds from sale of property, plant and equipment, and other     712 7,997
Net cash used in investing activities     (89,704) (26,677)
FINANCING ACTIVITIES        
Payments of senior notes payable     (50,000) 0
Repayments of other debts     (1,365) (1,351)
Payments of term loan     (7,500) (3,750)
Net proceeds (payments) related to stock-based award activities     552 (997)
Repurchases of common stock, with excise tax     (27,553) (40,862)
Cash dividends paid     (34,677) (32,330)
Net cash used in financing activities     (120,543) (79,290)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     22,468 (14,434)
(Decrease) increase in cash, cash equivalents, and restricted cash     (39,554) 6,173
Cash, cash equivalents, and restricted cash at beginning of period     726,437 557,123
Cash, cash equivalents, and restricted cash at end of period 686,883 563,296 686,883 563,296
Reconciliation of cash and cash equivalents:        
Cash and cash equivalents 685,184 561,742 685,184 561,742
Restricted cash included in other long-term assets 1,699 1,554 1,699 1,554
Cash paid during the period for interest $ 5,600 $ 6,400 17,834 19,621
Capital expenditures, not yet paid     $ 5,514 $ 8,386