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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Cash flows from operating activities:    
Net income $ 185,877 $ 123,092
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Loss on disposal of subsidiaries 0 (8,590)
Loss on extinguishment of debt 0 (13,583)
Depreciation 51,977 52,876
Amortization 13,164 16,749
Share based compensation expense 16,251 11,460
Deferred income taxes (4,675) 11,989
Unrealized foreign exchange loss (gain) 859 (490)
Share of income from equity investees, net of tax (3,944) (2,404)
Dividend from equity investee 4,500 4,500
Pension and post-retirement funding, net of expense 140 (3,708)
Non-cash accruals and interest 199 1,268
Gain on sale of property, plant and equipment (1,245) 1,954
Asset impairment 0 10,374
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (70,530) (65,448)
Inventories (101,305) (54,425)
Prepaid expenses and other assets 85 1,261
Accounts payable and accrued expenses (3,307) (28,587)
Other assets and liabilities (5,127) (2,615)
Net cash flow provided by operating activities 82,919 100,019
Cash flows from investing activities:    
Additions to property, plant and equipment (65,792) (46,626)
Acquisition of businesses, net of cash acquired 0 (160)
Proceeds from sale of subsidiaries, net of cash disposed 0 7,001
Proceeds from sale of property, plant and equipment 6,393 3,377
Other investing activities (2,068) (1,782)
Net cash flow used in investing activities (61,467) (38,190)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0 375,000
Repayments of long-term debt 0 (300,945)
Payment of debt extinguishment costs 0 10,810
Payment of debt issuance costs 0 4,672
Tax withholding on share based awards (3,332) (4,834)
Distributions to non-controlling interests (2,500) (2,397)
Repurchases of common shares (140,000) (83,135)
Net cash flow used in financing activities (145,832) (31,793)
Net foreign currency translation adjustment on cash (4,421) (1,294)
(Decrease) Increase in cash, cash equivalents and restricted cash (128,801) 28,742
Cash, cash equivalents and restricted cash, beginning of period 391,505 375,234
Cash, cash equivalents and restricted cash, at end of period $ 262,704 $ 403,976