XML 44 R34.htm IDEA: XBRL DOCUMENT v3.23.1
Restatement of Condensed Consolidated Financial Statements - Condensed Consolidated Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Jan. 01, 2022
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income before noncontrolling interest $ 95,114 $ 56,177
Adjustments to reconcile net income before noncontrolling interest to cash provided by (used in) operating activities:    
Depreciation and amortization 28,536 27,465
Stock-based compensation expense 11,609 9,032
Deferred income taxes 9,428 6,059
Other, net (311) (3,638)
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable (166,333) (106,656)
Contract assets (8,749) (15,393)
Inventories (11,965) (213,278)
Prepaid expenses and other assets (27,657) (2,939)
Accounts payable 89,365 240,591
Accrued liabilities 18,187 70,880
Cash provided by operating activities 37,224 68,300
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (37,060) (25,376)
Proceeds from sales of property, plant and equipment 530 8,014
Purchases of investments (800) 0
Cash used in investing activities (37,330) (17,362)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repayments of long-term debt 4,375 4,688
Proceeds from revolving credit facility borrowings (737,200) (16,000)
Repayments of revolving credit facility borrowings (737,200) (16,000)
Net proceeds from stock issuances 173 1,050
Repurchases of common stock 8,009 68,823
Proceeds from sale of noncontrolling interest 215,799 0
Cash provided by (used in) financing activities 203,588 (72,461)
Effect of exchange rate changes 1,975 (786)
Increase (decrease) in cash and cash equivalents 205,457 (22,309)
Cash and cash equivalents at beginning of period 529,857 650,026
Cash and cash equivalents at end of period 735,314 627,717
Previously Reported    
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income before noncontrolling interest 91,499 58,634
Adjustments to reconcile net income before noncontrolling interest to cash provided by (used in) operating activities:    
Depreciation and amortization 28,536 27,465
Stock-based compensation expense 11,609 9,032
Deferred income taxes 8,445 6,707
Other, net (311) (3,638)
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable (166,333) (106,972)
Contract assets 1,781 (15,666)
Inventories (32,595) (207,300)
Prepaid expenses and other assets (27,657) (2,939)
Accounts payable 101,265 234,525
Accrued liabilities 20,985 68,452
Cash provided by operating activities 37,224 68,300
Adjustments    
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income before noncontrolling interest 3,615 (2,457)
Adjustments to reconcile net income before noncontrolling interest to cash provided by (used in) operating activities:    
Deferred income taxes 983 (648)
Changes in operating assets and liabilities, net of amounts acquired:    
Contract assets (10,530) 3,064
Inventories 5,907 88
Accrued liabilities 25 (47)
Other Adjustments    
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable   316
Contract assets   (2,791)
Inventories 14,723 (6,066)
Accounts payable (11,900) 6,066
Accrued liabilities $ (2,823) $ 2,475