v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2021
Apr. 03, 2020
Statement of Cash Flows [Abstract]    
Net income $ 20,240 $ 5,508
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other impairment charges 62,785 58,336
Stock-based compensation expense 7,807 6,124
Non-cash interest expense 1,537 1,311
Deferred income tax benefit (3,614) (567)
Loss on sale of property, plant and equipment 257 976
Changes in operating assets and liabilities:    
Trade receivables, net (39,950) 29,445
Inventories, net (32,743) (16,431)
Accounts payable 83,442 30,592
Other operating assets and liabilities (15,379) (59,065)
Net cash provided by operating activities 84,382 56,229
Cash flows from investing activities:    
Purchases of property, plant and equipment (24,537) (31,113)
Proceeds from sale of property, plant and equipment 0 1,688
Acquisitions, net of cash received, and investments (103,475) (7,830)
Net cash used in investing activities (128,012) (37,255)
Cash flows from financing activities:    
Proceeds from borrowings on revolving credit facilities and other 179,367 608,673
Repayments of borrowings on revolving credit facilities and other (185,643) (364,403)
Proceeds from issuance of common stock, net 716,632 2,220
Deferred consideration payments and other (2,704) (1,353)
Net cash provided by financing activities 707,652 245,137
Effect of foreign exchange rates on Cash and cash equivalents and Restricted cash (1,438) (8,139)
Increase in Cash and cash equivalents and Restricted cash 662,584 255,972
Cash and cash equivalents and Restricted Cash, beginning of period 101,069 109,632
Cash and cash equivalents, end of period $ 763,653 $ 365,604