v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Cash flows from operating activities of continuing operations:    
Net income $ 95,002 $ 15,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 102 452
Depreciation expense 19,409 15,928
Intangible asset amortization expense 47,922 50,116
Deferred financing costs and debt discount amortization expense 851 853
Pension settlement charge 0 138,139
Fair value step up of acquired inventory sold 0 1,722
Changes in contingent consideration (1,795) 865
Stock-based compensation 7,826 7,129
Asset impairment charge 0 2,110
(Gain) loss on non-designated foreign currency forward contracts (23,268) 0
Deferred income taxes, net 372 (58,282)
Interest benefit on swaps designated as net investment hedges (4,239) (3,720)
Other (50) (118)
Changes in assets and liabilities, net of effects of acquisitions and disposals:    
Accounts receivable (5,104) (9,549)
Inventories (29,489) (11,720)
Prepaid expenses and other assets (13,196) 7,352
Accounts payable, accrued expenses and other liabilities (27,899) (50,610)
Income taxes receivable and payable, net 6,896 6,888
Net cash provided by operating activities from continuing operations 73,340 112,844
Cash flows from investing activities of continuing operations:    
Expenditures for property, plant and equipment (30,011) (38,432)
Payments for businesses and intangibles acquired, net of cash acquired (90) (70)
Insurance settlement proceeds 6,307 0
Net proceeds on swaps designated as net investment hedges 0 13,695
Purchase of investments (5,000) 0
Net cash used in investing activities from continuing operations (28,794) (24,807)
Cash flows from financing activities of continuing operations:    
Proceeds from new borrowings 300,000 0
Reduction in borrowings (49,125) (57,125)
Repurchase of common stock (300,000) 0
Net proceeds from share based compensation plans and related tax impacts 7,348 1,750
Payments for contingent consideration (56) (72)
Dividends paid (15,191) (16,001)
Debt extinguishment, issuance and amendment fees (2,500) 0
Net cash used in financing activities from continuing operations (59,524) (71,448)
Cash flows from discontinued operations:    
Net cash used in operating activities (246) (1,863)
Net cash used in discontinued operations (246) (1,863)
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents 5,052 (151)
Net (decrease) increase in cash, cash equivalents and restricted cash equivalents (10,172) 14,575
Cash, cash equivalents and restricted cash equivalents at the beginning of the period 327,650 222,848
Cash, cash equivalents and restricted cash equivalents at the end of the period $ 317,478 $ 237,423