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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 176,491 $ 253,396
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 18,122 19,255
Deferred income taxes (777) 1,632
Depreciation 33,220 28,704
Amortization of intangibles 26,983 24,911
Change in operating assets and liabilities:    
Decrease in accounts receivable 86,978 52,508
Increase in inventories (27,089) (62,200)
Increase in other current assets (14,699) (11,627)
Decrease (increase) in other assets 8,238 (15,060)
Increase (decrease) in accounts payable and other current liabilities 34,714 (10,439)
Increase in deferred revenue and customer advances 37,558 54,672
Effect of the 2017 Tax Cuts & Jobs Act   (3,229)
Decrease in other liabilities (29,293) (29,720)
Net cash provided by operating activities 350,446 302,803
Cash flows from investing activities:    
Additions to property, plant, equipment and software capitalization (97,029) (65,188)
Business acquisitions, net of cash acquired (76,664)  
Investment in unaffiliated companies (3,350) (4,750)
Purchases of investments (16,828) (35,523)
Maturities and sales of investments 1,536 890,524
Net cash (used in) provided by investing activities (192,335) 785,063
Cash flows from financing activities:    
Proceeds from debt issuances 315,000 363
Payments on debt (300,366) (245)
Proceeds from stock plans 14,739 30,129
Purchases of treasury shares (196,297) (1,329,635)
Proceeds from derivative contracts 7,558 4,654
Net cash used in financing activities (159,366) (1,294,734)
Effect of exchange rate changes on cash and cash equivalents 4,576 (1,414)
Increase (decrease) in cash and cash equivalents 3,321 (208,282)
Cash and cash equivalents at beginning of period 335,715 796,280
Cash and cash equivalents at end of period $ 339,036 $ 587,998