XML 26 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2016
Jan. 03, 2015
Dec. 28, 2013
Operating Activities:      
Net income $ 229,902 $ 386,611 $ 388,048
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 87,662 95,931 81,936
Stock-based compensation 18,627 18,823 15,338
(Decrease) increase in allowance for returns-net of inventory in transit (1,282) 3,701 (307)
Loss on disposal of assets 1,913 465 731
Impairment losses 16,804 9,266 5,750
Non-cash restructuring charges 3,962 0 0
Gain on equity method investment 0 0 (6,510)
Increase (decrease) in allowance for doubtful accounts 2,384 550 (5,422)
Excess tax benefits from stock-based compensation (177) (1,430) (8,379)
Deferred income taxes and other 929 2,708 12,400
Contingent consideration remeasurement 0 1,112 0
Changes in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable 42,912 (8,495) (77,452)
Inventories (43,082) (60,746) (52,923)
Prepaid expenses and other current assets (36,902) (52,726) (21,141)
Accounts payable 41,843 2,477 15,347
Accrued expenses 12,545 (13,315) 52,904
Income taxes payable (17,269) 2,951 11,362
Net cash provided by operating activities 360,771 387,883 411,682
Investing Activities:      
Additions to property, plant and equipment (79,767) (94,763) (95,234)
Increase in intangible and other assets (3,730) (9,419) (14,818)
Skagen Designs arbitration settlement 5,968 0 0
Proceeds from the sale of property, plant, equipment and other 179 612 2,405
Business acquisitions-net of cash acquired (220,189) 0 (15,521)
Net investment hedge settlement 3,709 410 0
Net cash used in investing activities (293,830) (103,160) (123,168)
Financing Activities:      
Acquisition of common stock (231,282) (437,911) (582,254)
Distribution of noncontrolling interest earnings and other (9,883) (10,317) (10,135)
Purchase of noncontrolling interest shares 0 (336) 0
Excess tax benefits from stock-based compensation 177 1,430 8,379
Debt borrowings 2,548,650 961,000 1,222,116
Debt payments (2,368,408) (838,684) (791,495)
Proceeds from exercise of stock options 770 3,235 7,596
Other financing activities (4,051) (3,598) (2,456)
Net cash used in financing activities (64,027) (325,181) (148,249)
Effect of exchange rate changes on cash and cash equivalents 10,100 (3,760) 2,978
Net increase (decrease) in cash and cash equivalents 13,014 (44,218) 143,243
Cash and cash equivalents:      
Beginning of year 276,261 320,479 177,236
End of year $ 289,275 $ 276,261 $ 320,479