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CONDENSED CONSOLIDATED CASH FLOW STATEMENTS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Cash flows from operating activities:    
Net income $ 86,343 $ 131,720
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 52,968 49,044
Share-based compensation 14,643 12,154
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes, acquired businesses and disposals:    
Receivables 30,880 (71,212)
Inventories 204 10,347
Accounts payable (90,025) (59,295)
Accrued liabilities (16,788) (22,855)
Income taxes 2,097 5,204
Other assets 1,728 (4,197)
Other liabilities 3,630 3,805
Net cash provided by operating activities 85,680 54,715
Cash flows from investing activities:    
Capital expenditures (46,246) (32,729)
Cash from (used for) business acquisitions, net of cash acquired 526 (97,585)
Proceeds from disposal of tangible assets 60 9
Proceeds from disposal of businesses, net of cash sold 0 9,300
Net cash used for investing activities (45,660) (121,005)
Cash flows from financing activities:    
Payments under share repurchase program (57,865) (86,224)
Withholding tax payments for share-based payment awards (8,110) (16,940)
Cash dividends paid (4,119) (4,285)
Payments under financing lease obligations (455) (115)
Proceeds from issuance of common stock 3,152 1,679
Net cash used for financing activities (67,397) (105,885)
Effect of foreign currency exchange rate changes on cash and cash equivalents (4,916) (734)
Decrease in cash and cash equivalents (32,293) (172,909)
Cash and cash equivalents, beginning of period 597,044 687,676
Cash and cash equivalents, end of period $ 564,751 $ 514,767