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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 01, 2021
Sep. 27, 2020
Cash Flows from Operating Activities:    
Net income $ 170,473 $ 113,268
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense from property, plant and equipment and financing leases 117,910 117,203
Amortization of intangible assets and deferred proceeds, net 17,431 17,286
Fair value adjustment of acquisition related contingent consideration 90,905 35,068
Deferred payroll taxes under CARES Act (18,739) 24,648
Deferred income taxes 10,907 5,302
Loss on sale of property, plant and equipment 4,017 3,656
Impairment and abandonment of property, plant and equipment 3,200 7,908
Amortization of debt costs 790 778
Change in current assets less current liabilities 60,546 57,651
Change in other noncurrent assets 10,355 16,360
Change in other noncurrent liabilities (27,905) (23,775)
Other (15) 1,048
Total adjustments 269,402 263,133
Net cash provided by operating activities 439,875 376,401
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (119,620) (110,717)
Proceeds from the sale of property, plant and equipment 4,215 2,397
Investment in CONA Services LLC (2,194) (1,770)
Other distribution agreements (1,998) 0
Net cash used in investing activities (119,597) (110,090)
Cash Flows from Financing Activities:    
Borrowings under revolving credit facility 55,000 235,000
Payments on revolving credit facility (55,000) (280,000)
Borrowings under term loan facility 70,000 0
Payments on term loan facility (217,500) (22,500)
Payments of acquisition related contingent consideration (28,640) (31,999)
Cash dividends paid (7,030) (7,030)
Payments on financing lease obligations (3,567) (4,428)
Debt issuance fees (1,456) (145)
Net cash used in financing activities (188,193) (111,102)
Net increase in cash during period 132,085 155,209
Cash at beginning of period 54,793 9,614
Cash at end of period 186,878 164,823
Significant non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for operating lease obligations 21,759 38,317
Additions to property, plant and equipment accrued and recorded in accounts payable, trade 9,612 25,477
Additions to leased property under financing leases $ 0 $ 61,121