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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Oct. 01, 2023
Sep. 25, 2022
Cash flows from operating activities of continuing operations:    
Net income $ 325,223 $ 284,550
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 1,166 253
Depreciation expense 52,687 49,076
Intangible asset amortization expense 125,230 121,904
Deferred financing costs and debt discount amortization expense 2,547 3,150
Changes in contingent consideration (24,482) 237
Assets impairment charges 0 1,497
Stock-based compensation 22,135 19,804
Gain on sale of business 0 (6,504)
Deferred income taxes, net 2,076 63
Payments for contingent consideration (289) (2,983)
Interest benefit on swaps designated as net investment hedges (15,459) (15,677)
Other 4,743 (3,953)
Changes in assets and liabilities, net of effects of acquisitions and disposals:    
Accounts receivable (18,313) (36,402)
Inventories (50,702) (85,293)
Prepaid expenses and other assets 7,487 21,298
Accounts payable, accrued expenses and other liabilities (16,674) (26,726)
Income taxes receivable and payable, net (45,014) (79,879)
Net cash provided by operating activities from continuing operations 372,361 244,415
Cash flows from investing activities of continuing operations:    
Expenditures for property, plant and equipment (63,768) (52,648)
Proceeds from sale of business and assets 0 12,434
Payments for businesses and intangibles acquired, net of cash acquired (205) (27,308)
Net interest proceeds on swaps designated as net investment hedges 10,275 10,314
Proceeds from sales of investments 7,300 7,300
Purchase of investments (11,300) (7,300)
Net cash used in investing activities from continuing operations (57,698) (57,208)
Cash flows from financing activities of continuing operations:    
Proceeds from new borrowings 646,000 0
Reduction in borrowings (321,625) (144,250)
Net proceeds (payments) from share based compensation plans and related tax impacts 534 (4,398)
Payments for contingent consideration (949) (3,885)
Dividends paid (47,919) (47,840)
Net cash provided by (used in) financing activities from continuing operations 276,041 (200,373)
Cash flows from discontinued operations:    
Net cash used in operating activities (579) (482)
Net cash used in discontinued operations (579) (482)
Effect of exchange rate changes on cash and cash equivalents (660) (34,177)
Net increase (decrease) in cash and cash equivalents 589,465 (47,825)
Cash and cash equivalents at the beginning of the period 292,034 445,084
Cash and cash equivalents at the end of the period $ 881,499 $ 397,259