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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
Cash flows relating to operating activities    
Net income $ 101,561 $ 73,106
Less: Loss from discontinued operations, net of income taxes (75) (14)
Income from continuing operations, net of income taxes 101,636 73,120
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 64,210 57,008
Stock-based compensation 21,376 22,047
Deferred income taxes 22,951 (1,848)
Gain on divestiture (10,577) 0
Other, net (1,555) (7,630)
Changes in assets and liabilities:    
Trade receivables, net (26,596) (27,636)
Inventories (7,746) (1,685)
Accounts payable (6,828) 19,723
Accrued compensation (10,715) (4,243)
Other assets and liabilities, net (11,803) (2,900)
Net cash provided by operating activities 134,353 125,956
Cash flows relating to investing activities    
Acquisition of businesses and assets, net of cash acquired 0 (578,772)
Capital expenditures (31,917) (20,041)
Purchases of investments (29,976) (18,111)
Proceeds from sale of investments and distributions from venture capital investments 3,479 8,074
Proceeds from divestiture 72,462 0
Other, net (22) 4,074
Net cash provided by (used in) investing activities 14,026 (604,776)
Cash flows relating to financing activities    
Proceeds from long-term debt and revolving credit facility 136,224 881,975
Proceeds from exercises of stock options 29,955 19,823
Payments on long-term debt, revolving credit facility and capital lease obligations (249,973) (375,209)
Purchase of treasury stock (70,820) (12,198)
Other, net (450) (4,142)
Net cash (used in) provided by financing activities (155,064) 510,249
Discontinued operations    
Net cash used in operating activities from discontinued operations (997) (782)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 6,808 6,299
Net change in cash, cash equivalents, and restricted cash (874) 36,946
Cash, cash equivalents, and restricted cash, beginning of period 119,894 119,963
Cash, cash equivalents, and restricted cash, end of period 119,020 156,909
Supplemental cash flow information:    
Cash, cash equivalents, and restricted cash, end of period $ 119,894 $ 119,963