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Condensed Consolidated Cash Flow Statements - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Cash flows from operating activities:    
Net income $ 131,720 $ 94,486
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 49,044 42,686
Share-based compensation 12,154 10,870
Loss on debt extinguishment 0 6,392
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes, acquired businesses and disposals:    
Receivables (71,212) (20,699)
Inventories 10,347 (47,305)
Accounts payable (59,295) (23,563)
Accrued liabilities (22,855) (58,525)
Income taxes 5,204 163
Other assets (4,197) (2,634)
Other liabilities 3,805 (10,452)
Net cash provided by (used for) operating activities 54,715 (8,581)
Cash flows from investing activities:    
Cash used for business acquisitions, net of cash acquired (97,585) (104,123)
Capital expenditures (32,729) (31,010)
Proceeds from disposal of tangible assets 9 1,424
Proceeds from disposal of businesses, net of cash sold 9,300 338,686
Net cash provided by (used for) investing activities (121,005) 204,977
Cash flows from financing activities:    
Payments under share repurchase program (86,224) (66,559)
Withholding tax payments for share-based payment awards (16,940) (5,167)
Cash dividends paid (4,285) (4,520)
Payments under financing lease obligations (115) (83)
Payments under borrowing arrangements 0 (230,639)
Proceeds from issuance of common stock 1,679 3,717
Net cash used for financing activities (105,885) (303,251)
Effect of foreign currency exchange rate changes on cash and cash equivalents (734) (9,220)
Decrease in cash and cash equivalents (172,909) (116,075)
Cash and cash equivalents, beginning of period 687,676 643,757
Cash and cash equivalents, end of period $ 514,767 $ 527,682