Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 245,802 $ 230,994 $ 245,493
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 42,635 38,046 37,126
Stock-based compensation 26,585 16,725 21,891
Provision for doubtful accounts 670 (807) (44)
Deferred income taxes (6,706) (3,750) 127
Other (255) 5,359 (592)
Changes in operating assets and liabilities:      
Accounts receivable (35,412) 14,905 56,696
Inventories 102,992 101,284 (236,166)
Accounts payable 1,869 (19,916) (4,117)
Income taxes 9,348 (29,335) 6,916
Accrued and other current liabilities 4,613 (1,858) (31,108)
Other assets and liabilities (23,911) 4,902 (12,637)
Cash provided by operating activities 368,230 356,549 83,585
INVESTING ACTIVITIES      
Property, plant and equipment expenditures (18,788) (27,366) (18,375)
Capitalized computer software (3,334) (10,018) (10,022)
Proceeds from sales of assets 3,603 510 64
Other (3,741) (2,264) (1,785)
Cash used by investing activities (22,260) (39,138) (30,118)
FINANCING ACTIVITIES      
Borrowings under revolving credit facility 0 288,000 163,000
Repayments under revolving credit facility 0 (288,000) (163,000)
Payment of deferred financing costs 0 0 (298)
Repayments of term loan (45,000) (10,000) 0
Repurchases of Common Stock (85,677) (30,111) (62,494)
Dividends paid (112,060) (108,574) (103,661)
Proceeds from issuance of Common Stock, net of shares withheld for taxes 2,382 284 (11,700)
Other 0 (7,297) 7,246
Cash used by financing activities (240,355) (155,698) (170,907)
Effect of foreign currency rate changes on cash and cash equivalents 13,401 (5,842) (8,703)
Net change in cash and cash equivalents 119,016 155,871 (126,143)
Cash and cash equivalents - beginning of period 215,050 59,179 185,322
Cash and cash equivalents - end of period 334,066 215,050 59,179
Supplemental cash flow information:      
Interest paid, net of amounts capitalized 40,720 36,405 31,955
Income taxes paid 53,374 74,184 67,798
Change in accrual for property, plant and equipment (368) (3,747) 2,522
Change in accrual for capitalized computer software $ 196 $ (981) $ 2,958