XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows relating to operating activities    
Net income $ 74,482 $ 103,954
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 85,357 77,069
Stock-based compensation 16,738 13,460
Deferred income taxes (987) (11,584)
Long-lived asset impairment charges 5,432 10,460
(Gain) loss on venture capital and strategic equity investments, net (5,880) 3,282
Provision for credit losses 839 3,238
Other, net 1,999 1,448
Changes in assets and liabilities:    
Trade receivables and contract assets, net (17,281) (33,831)
Inventories 5,600 (8,587)
Accounts payable (8,541) (41,313)
Accrued compensation (20,945) (21,469)
Deferred revenue 19,957 (481)
Customer contract deposits 6,140 1,509
Other assets and liabilities, net (33,022) 12,228
Net cash provided by operating activities 129,888 109,383
Cash flows relating to investing activities    
Acquisition of businesses and assets, net of cash acquired 0 (50,166)
Capital expenditures (79,144) (106,875)
Purchases of investments and contributions to venture capital investments (13,867) (12,570)
Proceeds from sale of investments 7,502 1,953
Other, net (283) (960)
Net cash used in investing activities (85,792) (168,618)
Cash flows relating to financing activities    
Proceeds from long-term debt and revolving credit facility 300,882 192,500
Proceeds from exercises of stock options 21,505 11,792
Payments on long-term debt, revolving credit facility, and finance lease obligations (292,482) (157,328)
Purchase of treasury stock (9,351) (19,012)
Payments of contingent consideration 0 (2,711)
Other, net (2,208) 0
Net cash provided by financing activities 18,346 25,241
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (8,387) 1,671
Net change in cash, cash equivalents, and restricted cash 54,055 (32,323)
Cash, cash equivalents, and restricted cash, beginning of period 284,480 241,214
Cash, cash equivalents, and restricted cash, end of period $ 338,535 $ 208,891