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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Cash flows from operating activities:    
Net income $ 109,138 $ 86,974
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 16,651 16,336
Amortization 12,942 9,204
Stock-based compensation 9,474 9,544
Deferred taxes 1,206 8,696
Provision for excess and obsolete inventory 2,397 3,522
Contingent consideration fair value adjustment 2,970 (4,968)
(Gains) losses on investments (2,828) 1,241
Other 219 152
Changes in operating assets and liabilities, net of businesses acquired:    
Accounts receivable (41,706) (140,747)
Inventories (2,917) (21,017)
Prepayments and other assets (18,648) (679)
Accounts payable and other liabilities (53,323) (46,706)
Deferred revenue and customer advances 6,455 9,644
Retirement plans contributions (1,210) (1,020)
Income taxes (22,804) (12,106)
Net cash provided by (used for) operating activities 18,016 (81,930)
Cash flows from investing activities:    
Purchases of property, plant and equipment (25,711) (34,797)
Purchases of marketable securities (375,184) (490,324)
Proceeds from sales of marketable securities 5,440 800,671
Proceeds from maturities of marketable securities 141,201 212,698
Proceeds from life insurance 273  
Acquisition of businesses, net of cash acquired (6,970) (25,356)
Net cash (used for) provided by investing activities (260,951) 462,892
Cash flows from financing activities:    
Issuance of common stock under stock purchase and stock option plans 14,268 10,654
Repurchase of common stock (156,468) (134,276)
Dividend payments (15,627) (17,588)
Payments related to net settlement of employee stock compensation awards (14,318) (19,629)
Payments of contingent consideration (27,615) (13,571)
Net cash used for financing activities (199,760) (174,410)
Effects of exchange rate changes on cash and cash equivalents (329) 1,478
(Decrease) increase in cash and cash equivalents (443,024) 208,030
Cash and cash equivalents at beginning of period 926,752 429,843
Cash and cash equivalents at end of period $ 483,728 $ 637,873