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CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Cash flows from operating activities:    
Net income $ 215,796 $ 159,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other impairment charges 50,028 57,090
Stock-based compensation expense 14,473 11,150
Deferred income tax 2,394 756
Non-cash interest expense 2,259 896
Pension settlement loss 12,155 0
Changes in operating assets and liabilities:    
Trade receivables, net (39,075) (15,170)
Inventories, net (31,651) (16,212)
Accounts payable 16,895 (17,746)
Other operating assets and liabilities (14,751) 27,783
Net cash provided by operating activities 228,523 208,099
Cash flows from investing activities:    
Purchases of property, plant and equipment (27,071) (28,865)
Proceeds from sale of property, plant and equipment 3,452 5,171
Acquisitions, net of cash received (86,537) (18,665)
Other investing (4,058) 0
Net cash used in investing activities (114,214) (42,359)
Cash flows from financing activities:    
Proceeds from borrowings on Senior Notes 700,000 0
205000000 205,000 454,671
Repayments of borrowings on Term Loans (597,500) (6,250)
Repayments of borrowings on revolving credit facilities and other (236,623) (578,623)
Payment of debt issuance costs and other (15,522) 0
Payment of dividends (12,135) (9,702)
Distributions to noncontrolling interest holders (2,644) (2,279)
Net cash provided by (used in) financing activities 40,576 (142,183)
Effect of foreign exchange rates on Cash and cash equivalents (3,218) (12,748)
Increase in Cash and cash equivalents 151,667 10,809
Cash and cash equivalents, beginning of period 102,003 72,024
Cash and cash equivalents, end of period $ 253,670 $ 82,833