XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
Cash flows relating to operating activities    
Net income $ 46,959 $ 37,549
Less: Loss from discontinued operations, net of income taxes (4) (26)
Income from continuing operations, net of income taxes 46,963 37,575
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 32,411 24,655
Stock-based compensation 9,486 9,941
Deferred income taxes 26,273 12,522
Gain on divestiture (10,577) 0
Other, net 462 (1,252)
Changes in assets and liabilities:    
Trade receivables, net (21,062) (16,279)
Inventories (2,593) (3,081)
Accounts payable (6,258) 9,352
Accrued compensation (30,399) (16,025)
Other assets and liabilities, net (10,677) (11,564)
Net cash provided by operating activities 34,029 45,844
Cash flows relating to investing activities    
Acquisition of businesses and assets, net of cash acquired 0 (318)
Capital expenditures (15,920) (8,250)
Purchases of investments (6,698) (6,395)
Proceeds from sale of investments and distributions from venture capital investments 3,135 5,700
Proceeds from divestiture 72,462 0
Other, net 17 2,821
Net cash provided by (used in) investing activities 52,996 (6,442)
Cash flows relating to financing activities    
Proceeds from long-term debt and revolving credit facility 112,724 49,423
Proceeds from exercises of stock options 19,723 12,514
Payments on long-term debt, revolving credit facility and capital lease obligations (158,140) (49,409)
Purchase of treasury stock (48,180) (12,147)
Other, net (451) (675)
Net cash used in financing activities (74,324) (294)
Discontinued operations    
Net cash used in operating activities from discontinued operations (473) (489)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1,705 739
Net change in cash, cash equivalents, and restricted cash 13,933 39,358
Cash, cash equivalents, and restricted cash, beginning of period 119,894 119,963
Cash, cash equivalents, and restricted cash, end of period 133,827 159,321
Supplemental cash flow information:    
Cash and cash equivalents 131,524 157,375
Restricted cash included in Other current assets 538 159
Restricted cash included in Other assets $ 1,765 $ 1,787