XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 27, 2025
Sep. 28, 2024
OPERATING ACTIVITIES        
Net income $ 69,522 $ 58,058 $ 170,435 $ 151,976
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 18,574 17,306 56,379 51,025
Amortization of intangibles 15,037 15,864 44,220 47,418
Deferred revenue     2,814 (1,764)
Impairment charges 0 0 136 933
Stock-based compensation     21,733 21,428
Loss (gain) on investments and other assets     2,095 (1,947)
Deferred income taxes     490 (16,346)
Other     3,760 690
Changes in operating assets and liabilities:        
Trade receivables     (64,552) (50,672)
Inventories     33,567 19,865
Accounts payable     12,757 5,460
Accrued liabilities and income taxes     611 (19,434)
Prepaid expenses and other assets     10,654 (1,633)
Net cash provided by operating activities     295,099 206,999
INVESTING ACTIVITIES        
Acquisitions of businesses, net of cash acquired     (57,417) 0
Purchases of property, plant, and equipment     (48,697) (50,065)
Net proceeds from sale of property, plant and equipment, and other     6,413 8,931
Net cash used in investing activities     (99,701) (41,134)
FINANCING ACTIVITIES        
Payments of senior notes payable     (50,000) 0
Repayments of other debts     (2,099) (2,037)
Payments of term loan     (11,250) (3,750)
Net proceeds related to stock-based award activities     17,939 5,037
Repurchases of common stock, with excise tax     (27,553) (40,862)
Cash dividends paid     (53,311) (49,687)
Net cash used in financing activities     (126,274) (91,299)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash     20,868 (396)
Increase in cash, cash equivalents, and restricted cash     89,992 74,170
Cash, cash equivalents, and restricted cash at beginning of period     726,437 557,123
Cash, cash equivalents, and restricted cash at end of period 816,429 631,293 816,429 631,293
Reconciliation of cash and cash equivalents:        
Cash and cash equivalents 814,733 629,670 814,733 629,670
Restricted cash included in other long-term assets 1,696 1,623 1,696 1,623
Cash paid during the period for interest $ 11,100 $ 10,500 28,955 30,094
Capital expenditures, not yet paid     $ 8,116 $ 9,217