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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jan. 03, 2021
Dec. 31, 2019
Cash flows from operating activities    
Net earnings $ 109,538 $ 138,639
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 70,192 65,788
Write-off of assets relating to exit activities 7,292 10,024
Derivatives not designated in hedging relationships:    
Net (gains) losses (592) 517
Cash proceeds (settlements) 790 (599)
Provision for doubtful accounts 270 2,922
Deferred income taxes (1,785) (20,948)
Non-cash interest expense 1,554 1,160
Stock-based compensation 16,982 14,759
Gain on disposal of property, plant, and equipment (4,007) (112)
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable 71,077 58,779
Inventories 28,069 (24,888)
Prepaid and other current assets 15,047 (6,977)
Other assets 3,012 3,686
Accounts payable (40,933) (44,885)
Accrued expenses 9,839 (7,295)
Other liabilities (14,246) (14,738)
Net cash provided by operating activities 272,099 175,832
Cash flows from investing activities    
Capital expenditures (53,742) (60,936)
Purchase of business 0 (176,548)
Insurance proceeds relating to property, plant and equipment 4,800 403
Proceeds from disposal of property, plant, and equipment 145 2,718
Net cash used in investing activities (48,797) (234,363)
Cash flows from financing activities    
Net repayments on short-term debt (9,367) (17,632)
Repayments of 2017 Term Loan (28,194) (11,276)
Debt issuance costs 0 (4,607)
Option proceeds 4,818 505
Payment of taxes related to net share settlement of equity awards (4,959) (6,281)
Purchase of treasury stock 0 (34,561)
Dividends paid to stockholders (22,338) (22,299)
Other 466 586
Net cash (used in) provided by financing activities (92,574) 33,435
Effect of exchange rate changes on cash and cash equivalents 30,944 (1,606)
Net increase (decrease) in cash and cash equivalents 161,672 (26,702)
Cash and cash equivalents at beginning of period 326,979 299,212
Cash and cash equivalents at end of period 488,651 272,510
Amended Credit Facility, due 2022    
Cash flows from financing activities    
Proceeds from borrowings 90,000 326,700
Repayments of 2017 Revolver borrowings (123,000) (497,700)
4.375% Senior Notes due 2027    
Cash flows from financing activities    
Proceeds from borrowings $ 0 $ 300,000