XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 24, 2016
Sep. 26, 2015
Cash flows relating to operating activities    
Net income $ 111,139 $ 118,726
Less: Income (loss) from discontinued operations, net of income taxes 328 (48)
Income from continuing operations, net of income taxes 110,811 118,774
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 91,116 69,330
Amortization of debt issuance costs and discounts 2,325 1,970
Stock-based compensation 32,647 30,349
Deferred income taxes (270) (4,235)
Gain on venture capital investments (8,518) (3,604)
Gain on bargain purchase 16 (9,933)
Other, net 4,030 1,101
Changes in assets and liabilities:    
Trade receivables, net (43,260) (36,430)
Inventories (4,352) (470)
Other assets (5,702) 8,308
Accounts payable 17,184 (894)
Accrued compensation 8,163 2,238
Deferred revenue 2,169 1,255
Accrued liabilities (15,182) 22,189
Taxes payable and prepaid taxes (5,671) (1,906)
Other liabilities 617 (12,147)
Net cash provided by operating activities 186,123 185,895
Cash flows relating to investing activities    
Acquisition of businesses and assets, net of cash acquired (597,607) (211,974)
Capital expenditures (29,609) (35,008)
Purchases of investments (20,278) (26,315)
Proceeds from sale of investments and distributions from venture capital investments 28,274 24,562
Other, net 3,790 (244)
Net cash used in investing activities (615,430) (248,979)
Cash flows relating to financing activities    
Proceeds from long-term debt and revolving credit facility 926,781 453,778
Proceeds from exercises of stock options 21,643 36,587
Payments on long-term debt, revolving credit facility and capital lease obligations (526,983) (391,048)
Purchase of treasury stock (12,226) (117,431)
Other, net 4,976 6,674
Net cash provided by (used in) financing activities 414,191 (11,440)
Discontinued operations    
Net cash used in operating activities from discontinued operations (1,434) (1,265)
Effect of exchange rate changes on cash and cash equivalents 4,325 (10,202)
Net change in cash and cash equivalents (12,225) (85,991)
Cash and cash equivalents, beginning of period 117,947 160,023
Cash and cash equivalents, end of period $ 105,722 $ 74,032