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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 123,992 $ 125,990
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant, and equipment 40,893 45,764
Amortization of intangible assets 2,778 2,805
Provision for (recoveries of) excess and obsolete inventory, net 8,348 (324)
Gain on partial termination of corporate lease 0 (4,366)
Other asset impairments and loss on disposal of property, plant and equipment, net of recoveries 235 2,807
Amortization of debt issuance costs 1,218 1,186
Stock-based compensation expense 13,976 14,912
Unrealized foreign currency exchange loss (gain), net 307 (201)
Provisions for doubtful accounts receivable from customers 3,689 2,402
Unrealized gain on investments (1,678) (1,391)
Partial pension plan settlement 949 0
Deferred income taxes expense (benefit) 6,416 (949)
Effect of changes in operating assets and liabilities:    
Accounts receivable (68,035) (43,623)
Finished goods inventories (83,268) 127,190
Prepaid expenses and other assets (12,376) (3,965)
Accounts payable and other liabilities (26,125) (62,447)
Net cash provided by operating activities 11,319 205,790
Cash flows from investing activities:    
Capital expenditures (39,637) (42,470)
Net cash used in investing activities (39,637) (42,470)
Cash flows from financing activities:    
Borrowings under secured revolving credit facility 0 70,000
Payments on secured revolving credit facility 0 (120,000)
Repurchases of common stock (50,526) (67,492)
Dividends paid (87,345) (84,503)
Withholdings from vesting of restricted stock (7,569) (5,007)
Proceeds from exercises of stock options 367 384
Net cash used in financing activities (145,073) (206,618)
Net effect of exchange rate changes on cash and cash equivalents (2,286) 656
Net decrease in cash and cash equivalents (175,677) (42,642)
Cash and cash equivalents, beginning of period 351,213 211,748
Cash and cash equivalents, end of period $ 175,536 $ 169,106