Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
OPERATING ACTIVITIES    
Net income $ 181,824 $ 162,223
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 29,052 27,405
Stock-based compensation 16,316 9,017
Provision for doubtful accounts 951 87
Other 4,227 10,331
Changes in operating assets and liabilities:    
Accounts receivable (16,012) (10,660)
Inventories 35,270 (6,354)
Accounts payable 22,502 (23,145)
Income taxes 473 (24,064)
Accrued and other current liabilities 28,108 (10,170)
Other assets and liabilities (16,453) 12,856
Cash provided by operating activities 286,258 147,526
INVESTING ACTIVITIES    
Property, plant and equipment expenditures (11,841) (21,553)
Capitalized computer software (2,766) (8,940)
Other (1,858) (837)
Cash used by investing activities (16,465) (31,330)
FINANCING ACTIVITIES    
Borrowings under revolving credit facility 0 288,000
Repayments under revolving credit facility 0 (288,000)
Repayments of term loan (40,000) (7,500)
Repurchases of Common Stock (85,677) 0
Dividends paid (83,306) (80,719)
Shares withheld for taxes, net of proceeds from issuance of Common Stock (1,769) (2,506)
Other 0 (7,297)
Cash used by financing activities (210,752) (98,022)
Effect of foreign currency rate changes on cash and cash equivalents (4,664) 475
Net change in cash and cash equivalents 54,377 18,649
Cash and cash equivalents – beginning of period 215,050 59,179
Cash and cash equivalents – end of period $ 269,427 $ 77,828