XML 65 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Operating Activities:    
Net income $ 73,980 $ 61,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 18,758 15,227
Stock-based compensation 2,546 3,144
Decrease in allowance for returns-net of inventory in transit (238) (2,917)
Loss on disposal of assets 266 517
Equity in income of joint venture 0 (270)
Gain on equity method investment (6,410) 0
Decrease in allowance for doubtful accounts (4,202) (1,396)
Excess tax benefits from stock-based compensation (4,082) (9,901)
Deferred income taxes and other 8,292 3,919
Changes in operating assets and liabilities:    
Accounts receivable 99,403 88,197
Inventories (11,507) (19,355)
Prepaid expenses and other current assets (14,721) (5,527)
Accounts payable (20,369) (45,310)
Accrued expenses (49,000) (60,930)
Income taxes payable (6,813) 9,029
Net cash provided by operating activities 85,903 35,499
Investing Activities:    
Additions to property, plant and equipment (19,485) (10,029)
Increase in intangible and other assets (723) (27)
Net change in restricted cash 452 (157)
Business acquisitions-net of cash acquired (15,165) 0
Net cash used in investing activities (34,921) (10,213)
Financing Activities:    
Acquisition of common stock (61,188) (67,878)
Distribution of noncontrolling interest earnings (4) (3,786)
Excess tax benefits from stock-based compensation 4,082 9,901
Debt borrowings 218,098 3,899
Debt payments (142,718) (4)
Proceeds from exercise of stock options 1,991 4,352
Net cash provided by (used in) financing activities 20,261 (53,516)
Effect of exchange rate changes on cash and cash equivalents (7,083) 1,210
Net increase (decrease) in cash and cash equivalents 64,160 (27,020)
Cash and cash equivalents:    
Beginning of period 177,236 287,498
End of period $ 241,396 $ 260,478