Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
OPERATING ACTIVITIES    
Net income $ 116,751 $ 111,276
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 19,828 19,530
Stock-based compensation 20,770 13,669
Provision for doubtful accounts 169 828
Other (717) 3,264
Changes in operating assets and liabilities, net of business acquisition effects:    
Accounts receivable 29,780 7,737
Inventories (116,518) 8,444
Accounts payable 30,150 17,992
Income taxes (13,217) (1,505)
Accrued and other current liabilities 12,865 (16,401)
Other assets and liabilities 3,447 (12,163)
Cash provided by operating activities 103,308 152,671
INVESTING ACTIVITIES    
Property, plant and equipment expenditures (6,065) (8,122)
Capitalized computer software (2,291) (2,045)
Business acquisition, net of cash received (870,058) 0
Proceeds from the settlement of foreign exchange contracts to hedge business acquisition 24,115 0
Other (1,125) (1,265)
Cash used by investing activities (855,424) (11,432)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 1,000,000 0
Payment of debt issuance costs (7,433) 0
Repayments of term loan (370,000) (35,000)
Repurchases of Common Stock 0 (45,271)
Dividends paid (57,717) (55,732)
Shares withheld for taxes, net of proceeds from issuance of Common Stock (8,555) (1,037)
Cash provided (used) by financing activities 556,295 (137,040)
Effect of foreign currency rate changes on cash and cash equivalents (30,763) 5,047
Net change in cash and cash equivalents (226,584) 9,246
Cash and cash equivalents – beginning of period 334,066 215,050
Cash and cash equivalents – end of period $ 107,482 $ 224,296