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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Cash flows from operating activities of continuing operations:    
Net income $ 158,114 $ 142,606
Adjustments to reconcile net income to net cash provided by operating activities:    
Income (loss) from discontinued operations 36 (11)
Depreciation expense 35,982 34,461
Intangible asset amortization expense 83,867 78,638
Deferred financing costs and debt discount amortization expense 2,388 1,984
Loss on extinguishment of debt 12,986 0
Fair value step up of acquired inventory sold 3,993 1,707
Changes in contingent consideration 11,428 (29,951)
Impairment of long-lived assets 6,739 0
Stock-based compensation 11,693 8,482
Deferred income taxes, net 1,050 1,055
Payments for contingent consideration 0 (79,771)
Interest benefit on swaps designated as net investment hedges (9,126) (9,805)
Other (16,679) (18,981)
Changes in assets and liabilities, net of effects of acquisitions and disposals:    
Accounts receivable (23,159) 45,843
Inventories (13,648) (34,875)
Prepaid expenses and other assets (16,551) 11,819
Accounts payable, accrued expenses and other liabilities 32,625 (26,449)
Income taxes receivable and payable, net (16,663) 7,257
Net cash provided by operating activities from continuing operations 265,075 134,009
Cash flows from investing activities of continuing operations:    
Expenditures for property, plant and equipment (36,659) (39,052)
Proceeds from sale of assets 404 400
Payments for businesses and intangibles acquired, net of cash acquired (3,539) (265,895)
Deposits (1,250) 0
Net interest proceeds on swaps designated as net investment hedges 9,288 9,986
Net cash used in investing activities from continuing operations (31,756) (294,561)
Cash flows from financing activities of continuing operations:    
Proceeds from new borrowings 400,000 1,010,000
Reduction in borrowings (575,000) (500,000)
Debt extinguishment, issuance and amendment fees (9,774) (7,727)
Net proceeds from share based compensation plans and the related tax impacts 6,339 2,668
Payments for contingent consideration (30,489) (60,947)
Dividends paid (31,793) (31,558)
Net cash (used in) provided by financing activities from continuing operations (240,717) 412,436
Cash flows from discontinued operations:    
Net cash used in operating activities (371) (317)
Net cash used in discontinued operations (371) (317)
Effect of exchange rate changes on cash and cash equivalents (6,330) 885
Net (decrease) increase in cash and cash equivalents (14,099) 252,452
Cash and cash equivalents at the beginning of the period 375,880 301,083
Cash and cash equivalents at the end of the period $ 361,781 $ 553,535