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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Cash flows from operating activities:    
Net income $ 250,470 $ 203,581
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Depreciation 48,927 45,231
Stock-based compensation 30,693 32,449
Losses (gains) on investments 13,090 (4,745)
Provision for excess and obsolete inventory 9,438 11,341
Amortization 9,397 9,580
Gain on sale of business (57,486) 0
Deferred taxes (16,830) (13,571)
Retirement plan actuarial losses (gains) (250) 0
Other 1,240 (92)
Changes in operating assets and liabilities    
Accounts receivable (54,211) (2,693)
Inventories 17,102 (13,845)
Prepayments and other assets 22,190 (29,584)
Accounts payable and other liabilities (53,009) (24,514)
Deferred revenue and customer advances 2,739 (34,938)
Retirement plans contributions (2,774) (2,482)
Income taxes 2,622 (13,614)
Net cash provided by operating activities 223,348 162,104
Cash flows from investing activities:    
Purchases of property, plant and equipment (88,869) (80,702)
Purchase of investment in a business (524,653) 0
Purchases of marketable securities (27,757) (99,018)
Proceeds from the sale of a business, net of cash and cash equivalents sold 87,172 0
Proceeds from maturities of marketable securities 26,858 21,997
Proceeds from sales of marketable securities 21,289 35,577
Proceeds from insurance 873 460
Net cash used for investing activities (505,087) (121,686)
Cash flows from financing activities:    
Repayments of borrowings on revolving credit facility (185,000) 0
Dividend payments (37,370) (34,184)
Repurchase of common stock (30,306) (227,845)
Payments related to net settlement of employee stock compensation awards (13,434) (20,308)
Payments of convertible debt principal 0 (17,458)
Proceeds from borrowings on revolving credit facility 185,000 0
Issuance of common stock under stock purchase and stock option plans 21,836 16,599
Net cash used for financing activities (59,274) (283,196)
Effects of exchange rate changes on cash and cash equivalents 5,346 1,213
Decrease in cash and cash equivalents (335,667) (241,565)
Cash and cash equivalents at beginning of period 757,571 854,773
Cash and cash equivalents at end of period 421,904 613,208
Non-cash investing activities:    
Capital expenditures incurred but not yet paid: $ 3,124 $ 1,741