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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Cash flows from operating activities:    
Net income $ 398,908 $ 98,896
Adjustments to reconcile net income from operations to net cash provided by operating activities:    
Depreciation 30,240 25,523
Stock-based compensation 21,902 15,204
Equity in net earnings of affiliate 4,611 5,584
Losses (gains) on investments 3,317 3,372
Provision for excess and obsolete inventory 4,682 4,945
Amortization 2,415 4,779
Deferred taxes (7,777) (7,811)
Other 2,286 3,483
Changes in operating assets and liabilities, net of businesses acquired:    
Accounts receivable (322,017) 13,053
Inventories 20,827 (31,049)
Prepayments and other assets 4,049 13,650
Accounts payable and other liabilities (15,025) (9,950)
Deferred revenue and customer advances 51,964 10,200
Retirement plans contributions (1,534) (1,282)
Income taxes 66,276 13,040
Net cash provided by operating activities 265,124 161,637
Cash flows from investing activities:    
Purchases of property, plant and equipment (64,733) (64,021)
Acquisition of businesses, net of cash acquired 0 (17,002)
Purchase of investment in a business 0 (3,011)
Purchases of marketable securities (40,797) (10,753)
Proceeds from maturities of marketable securities 10,910 27,381
Proceeds from sales of marketable securities 27,328 5,633
Net cash used for investing activities (67,292) (61,773)
Cash flows from financing activities:    
Proceeds from borrowings on revolving credit facility 50,000 0
Repayments of borrowings on revolving credit facility (250,000) 0
Dividend payments (20,362) (19,406)
Repurchase of common stock (5,518) (157,475)
Payments related to net settlement of employee stock compensation awards (39,437) (14,726)
Issuance of common stock under stock purchase and stock option plans 15,101 14,792
Net cash used for financing activities (250,216) (176,815)
Effects of exchange rate changes on cash and cash equivalents 577 (771)
Decrease in cash and cash equivalents (51,807) (77,722)
Cash and cash equivalents at beginning of period 293,751 553,354
Cash and cash equivalents at end of period 241,944 475,632
Non-cash investing activities:    
Capital expenditures incurred but not yet paid: $ 5,420 $ 7,135