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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:    
Net income $ 53,562 $ 108,986
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 9,196 9,941
Deferred income taxes (2,525) 1,442
Depreciation 15,708 12,006
Amortization of intangibles 13,480 12,758
Change in operating assets and liabilities:    
Decrease in accounts receivable 54,026 59,331
Increase in inventories (29,399) (44,438)
Increase in other current assets (5,036) (3,547)
Decrease in other assets 2,745 4,637
Decrease in accounts payable and other current liabilities (15,825) (33,485)
Increase in deferred revenue and customer advances 46,465 57,539
Effect of the 2017 Tax Cuts & Jobs Act   (3,229)
Increase (decrease) in other liabilities 9,238 (6,162)
Net cash provided by operating activities 151,635 175,779
Cash flows from investing activities:    
Additions to property, plant, equipment and software capitalization (51,130) (25,666)
Business acquisitions, net of cash acquired (76,664)  
Purchases of investments (3,520) (26,732)
Maturities and sales of investments 1,139 486,437
Net cash (used in) provided by investing activities (130,175) 434,039
Cash flows from financing activities:    
Proceeds from debt issuances 315,000 166
Payments on debt (100,366) (80)
Proceeds from stock plans 11,743 27,631
Purchases of treasury shares (196,226) (753,105)
Proceeds from derivative contracts 2,767 2,254
Net cash provided by (used in) financing activities 32,918 (723,134)
Effect of exchange rate changes on cash and cash equivalents (32) 2,006
Increase (decrease) in cash and cash equivalents 54,346 (111,310)
Cash and cash equivalents at beginning of period 335,715 796,280
Cash and cash equivalents at end of period $ 390,061 $ 684,970