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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities:    
Net income $ 268,492 $ 244,933
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 25,975 22,346
Deferred income taxes 1,876 3,958
Depreciation 43,930 44,375
Amortization of intangibles 57,088 51,368
Change in operating assets and liabilities:    
Decrease in accounts receivable 42,870 69,642
Increase in inventories (35,671) (16,709)
Increase in other current assets (12,364) (12,549)
Decrease in other assets 14,045 6,802
Decrease in accounts payable and other current liabilities (164,092) (31,206)
Increase in deferred revenue and customer advances 64,429 69,352
Decrease in other liabilities (5,884) (134,908)
Net cash provided by operating activities 300,694 317,404
Cash flows from investing activities:    
Additions to property, plant, equipment and software capitalization (48,336) (64,759)
Business acquisitions, net of cash acquired (34,969) 0
Investments in unaffiliated companies, net (1,295) (1,064)
Purchases of investments 0 (1,855)
Maturities and sales of investments 0 1,819
Net cash used in investing activities (84,600) (65,859)
Cash flows from financing activities:    
Proceeds from debt issuances 70,000 170,000
Payments on debt (240,000) (520,000)
Proceeds from stock plans 12,738 21,836
Payments of debt issuance costs (4,506) 0
Purchases of treasury shares (14,309) (13,334)
Proceeds from derivative contracts 1,802 15,285
Net cash used in financing activities (174,275) (326,213)
Effect of exchange rate changes on cash and cash equivalents 41 6,019
Increase (decrease) in cash and cash equivalents 41,860 (68,649)
Cash and cash equivalents at beginning of period 325,355 395,076
Cash and cash equivalents at end of period $ 367,215 $ 326,427