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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Cash flows from operating activities of continuing operations:    
Net income $ 353,201 $ 110,212
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss (income) from discontinued operations 974 (1,293)
Depreciation expense 47,286 44,517
Amortization expense of intangible assets 112,661 111,974
Amortization expense of deferred financing costs and debt discount 3,313 3,548
Gain on sale of assets (3,828) 0
Changes in contingent consideration 40,894 47,344
Impairment of long-lived assets 6,911 19,110
Stock-based compensation 20,037 16,469
Deferred income taxes, net (140,963) 8,664
Payments for contingent consideration (26,092) (2,100)
Interest benefit on swaps designated as net investment hedges (13,820) 0
Other (7,142) (10,928)
Changes in assets and liabilities, net of effects of acquisitions and disposals:    
Accounts receivable (41,221) (29,830)
Inventories (53,259) (19,665)
Prepaid expenses and other assets (13,184) (6,468)
Accounts payable, accrued expenses and other liabilities 31,631 54,581
Income taxes receivable and payable, net (28,232) (43,191)
Net cash provided by operating activities from continuing operations 289,167 302,944
Cash flows from investing activities of continuing operations:    
Expenditures for property, plant and equipment (83,797) (55,751)
Proceeds from sale of assets 3,135 0
Payments for businesses and intangibles acquired, net of cash acquired (1,265) (22,550)
Net interest proceeds on swaps designated as net investment hedges 8,330 0
Net cash used in investing activities from continuing operations (73,597) (78,301)
Cash flows from financing activities of continuing operations:    
Proceeds from new borrowings 25,000 0
Reduction in borrowings (185,500) (98,500)
Debt extinguishment, issuance and amendment fees (4,964) (188)
Net proceeds from share based compensation plans and the related tax impacts 14,014 18,666
Payments for contingent consideration (112,006) (73,152)
Dividends paid (47,071) (46,526)
Net cash used in financing activities from continuing operations (310,527) (199,700)
Cash flows from discontinued operations:    
Net cash provided by (used in) operating activities 2,651 (701)
Net cash provided by (used in) discontinued operations 2,651 (701)
Effect of exchange rate changes on cash and cash equivalents (7,311) (1,524)
Net (decrease) increase in cash and cash equivalents (99,617) 22,718
Cash and cash equivalents at the beginning of the period 357,161 333,558
Cash and cash equivalents at the end of the period 257,544 356,276
Non cash investing activities of continuing operations:    
Property, plant and equipment additions due to build-to-suit lease transaction 0 28,147
Non cash financing activities of continuing operations:    
Acquisition of treasury stock associated with settlement and exchange of convertible note hedge and warrant agreements                    $ 0 $ 56,075