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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
Cash flows relating to operating activities    
Net income $ 73,106 $ 80,859
Less: Loss from discontinued operations, net of income taxes (14) (14)
Income from continuing operations, net of income taxes 73,120 80,873
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 57,008 45,516
Amortization of debt issuance costs and discounts 2,291 1,572
Stock-based compensation 22,047 19,873
Deferred income taxes (1,848) 934
Gain on venture capital investments (8,076) (364)
Gain on bargain purchase 16 (9,878)
Other, net (2,169) (198)
Changes in assets and liabilities:    
Trade receivables, net (27,636) (24,574)
Inventories (1,685) (1,662)
Other assets (3,502) 5,871
Accounts payable 19,723 1,752
Accrued compensation (4,243) (12,757)
Deferred revenue 1,025 422
Accrued liabilities (5,893) 8,795
Taxes payable and prepaid taxes (3,075) (6,696)
Other liabilities (586) (11,873)
Net cash provided by operating activities 116,517 97,606
Cash flows relating to investing activities    
Acquisition of businesses and assets, net of cash acquired (578,772) (10,680)
Capital expenditures (20,041) (24,556)
Purchases of investments (18,111) (15,174)
Proceeds from sale of investments and distributions from venture capital investments 8,074 11,356
Other, net 4,074 2,566
Net cash used in investing activities (604,776) (36,488)
Cash flows relating to financing activities    
Proceeds from long-term debt and revolving credit facility 881,975 294,213
Proceeds from exercises of stock options 19,823 35,641
Payments on long-term debt, capital lease obligations and revolving credit facility (375,209) (301,283)
Purchase of treasury stock (12,198) (99,486)
Other, net 4,989 7,188
Net cash provided by (used in) financing activities 519,380 (63,727)
Discontinued operations    
Net cash used in operating activities from discontinued operations (782) (927)
Effect of exchange rate changes on cash and cash equivalents 6,299 (5,680)
Net change in cash and cash equivalents 36,638 (9,216)
Cash and cash equivalents, beginning of period 117,947 160,023
Cash and cash equivalents, end of period $ 154,585 $ 150,807