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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Cash flows from operating activities of continuing operations:    
Net income $ 217,582 $ 95,327
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 106 579
Depreciation expense 37,583 34,487
Intangible asset amortization expense 95,460 99,686
Deferred financing costs and debt discount amortization expense 1,705 1,716
Pension settlement charge 0 138,139
Fair value step up of acquired inventory sold 0 1,722
Changes in contingent consideration 14,080 5,852
Stock-based compensation 14,767 15,739
Asset impairment charge 8,117 2,110
(Gain) loss on non-designated foreign currency forward contracts (83,532) 0
Deferred income taxes, net (1,935) (62,953)
Interest benefit on swaps designated as net investment hedges (7,484) (8,000)
Other (5,584) 2,168
Changes in assets and liabilities, net of effects of acquisitions and disposals:    
Accounts receivable (41,674) (11,238)
Inventories (50,593) (23,775)
Prepaid expenses and other assets (6,100) 11,443
Accounts payable, accrued expenses and other liabilities (31,289) (34,157)
Income taxes receivable and payable, net (80,023) (64,313)
Net cash provided by operating activities from continuing operations 81,186 204,532
Cash flows from investing activities of continuing operations:    
Expenditures for property, plant and equipment (64,639) (73,232)
Payments for businesses and intangibles acquired, net of cash acquired (6,700) (70)
Insurance settlement proceeds 9,447 0
Net proceeds on swaps designated as net investment hedges 7,612 18,262
Proceeds from sales of investments 0 7,300
Purchase of investments (5,000) (7,300)
Net cash used in investing activities from continuing operations (59,280) (55,040)
Cash flows from financing activities of continuing operations:    
Proceeds from new borrowings 300,000 0
Reduction in borrowings (55,375) (98,250)
Repurchase of common stock (300,000) 0
Net proceeds from share based compensation plans and related tax impacts 7,207 2,398
Share repurchase excise tax (1,894) 0
Payments for contingent consideration (112) (122)
Dividends paid (30,218) (32,018)
Debt extinguishment, issuance and amendment fees (2,800) 0
Net cash used in financing activities from continuing operations (83,192) (127,992)
Cash flows from discontinued operations:    
Net cash used in operating activities (350) (2,239)
Net cash used in discontinued operations (350) (2,239)
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents 17,908 (3,542)
Net (decrease) increase in cash, cash equivalents and restricted cash equivalents (43,728) 15,719
Cash, cash equivalents and restricted cash equivalents at the beginning of the period 327,650 222,848
Cash, cash equivalents and restricted cash equivalents at the end of the period $ 283,922 $ 238,567