v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 29, 2019
Mar. 30, 2018
Statement of Cash Flows [Abstract]    
Net income $ (48,002) $ 29,042
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and impairment charges 44,832 36,987
Stock-based compensation expense 5,238 5,595
Non-cash interest expense 1,821 1,120
Loss on short term investments 0 14,719
Deferred income tax benefit (9,185) (591)
Loss (gain) on sale of property, plant and equipment 218 (7,148)
Pension settlement loss 43,774 0
Changes in operating assets and liabilities:    
Trade receivables, net 1,876 (17,896)
Inventories, net (36,131) (42,436)
Accounts payable (45,749) (18,836)
Customer advances and billings in excess of costs incurred 7,238 27,391
Changes in other operating assets and liabilities (38,218) (30,604)
Net cash used in operating activities (72,288) (2,657)
Cash flows from investing activities:    
Purchases of property, plant and equipment (24,356) (11,097)
Proceeds from sale of property, plant and equipment 1,283 9,034
Acquisitions, net of cash received (3,147,835) (50,964)
Proceeds from sale of business, net 0 (1,048)
Net cash used in investing activities (3,170,908) (54,075)
Cash flows from financing activities:    
Payments under term credit facility (502,813) (18,750)
Proceeds from borrowings under notes and term credit facility 2,725,000 0
Proceeds from borrowings on revolving credit facilities and other 1,233,735 173,886
Repayments of borrowings on revolving credit facilities and other (477,045) (99,600)
Payment of deferred debt issuance costs (24,280) 0
Proceeds from tangible equity units, net 377,814 0
Proceeds from issuance of common stock, net 2,439 2,565
Payment for noncontrolling interest share repurchase (92,721) 0
Other (3,103) (690)
Net cash provided by financing activities 3,239,026 57,411
Effect of foreign exchange rates on Cash and cash equivalents 1,569 5,648
(Decrease) increase in Cash and cash equivalents (2,601) 6,327
Cash and Cash Equivalents- beginning of period 245,019 262,019
Cash and Cash Equivalents- end of period $ 242,418 $ 268,346