XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 282,068 $ 302,848 $ 257,709
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property, plant, and equipment 85,936 81,796 71,522
Amortization of intangible assets 3,717 2,616 1,919
Adjustment and accretion of contingent considerations 0 (3,600) 0
Amortization of debt issuance costs 1,746 1,572 1,461
Non-cash stock-based compensation expense 14,673 17,549 16,847
Unrealized foreign currency exchange loss (gain), net 271 (624) 33
Provisions for doubtful accounts receivable from customers 15,801 4,663 562
Income tax benefit from stock-based compensation 0 0 (4,800)
Loss on disposal of property, plant, and equipment 995 1,572 1,167
Deferred income taxes (1,018) (54,936) 1,061
Effect of changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (34,448) (22,709) 4,479
Inventories (30,646) (20,922) (17,482)
Prepaid expenses and other assets 12,121 (21,791) 1,141
Accounts payable and other liabilities 4,982 41,587 33,610
Net cash provided by operating activities 356,198 329,621 369,229
Cash flows from investing activities:      
Capital expenditures (63,783) (69,473) (88,556)
Acquisitions of businesses, net of cash acquired   (158,457) 0
Payments for (Proceeds from) Productive Assets 96    
Disposals of property, plant, and equipment 380 15 216
Net cash used in investing activities (63,307) (227,915) (88,340)
Cash flows from financing activities:      
Payments of debt issuance costs (968) (2,119) 0
Borrowings under secured revolving credit facility 290,000 200,000 0
Payments on secured revolving credit facility (315,000) (163,965) 0
Repurchases of common stock (193,028) (188,762) (300,445)
Dividends paid (83,717) (70,914) (66,355)
Income tax benefit from stock-based compensation 0 0 4,800
Withholdings of taxes from vesting of restricted stock (6,830) (5,753) (8,673)
Proceeds from exercises of stock options 10,597 8,438 7,166
Net cash used in financing activities (298,946) (223,075) (363,507)
Net effect of exchange rate changes on cash (2,362) 505 767
Net (decrease) increase in cash and cash equivalents (8,417) (120,864) (81,851)
Cash and cash equivalents, beginning of fiscal year 178,494 299,358 381,209
Cash and cash equivalents, end of fiscal year $ 170,077 $ 178,494 $ 299,358