v3.25.2
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 04, 2025
Jun. 28, 2024
Cash flows from operating activities:    
Net income $ 137,936 $ 145,963
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and other impairment charges 36,846 32,930
(Gain) loss on sale of property, plant and equipment (5,703) 63
Stock-based compensation expense 9,900 9,886
Deferred income tax (benefit) expense (6,761) 1,760
Non-cash interest expense 1,255 1,632
Pension settlement loss 0 12,155
Changes in operating assets and liabilities:    
Trade receivables, net (49,161) (56,680)
Inventories, net (37,407) (42,144)
Accounts payable 23,183 53,574
Other operating assets and liabilities (28,051) (31,656)
Net cash provided by operating activities 82,037 127,483
Cash flows from investing activities:    
Purchases of property, plant and equipment (16,474) (16,437)
Proceeds from sale of property, plant and equipment 4,732 608
Acquisitions, net of cash received (86,252) (18,050)
Other investing (500) (3,059)
Net cash used in investing activities (98,494) (36,938)
Cash flows from financing activities:    
Proceeds from borrowings on Senior Notes 0 700,000
Payment of debt issuance costs 0 (10,423)
8674000 8,674 205,000
Repayments of borrowings on Term Loans (5,000) (597,500)
Repayments of borrowings on revolving credit facilities and other 0 (237,005)
Payment of dividends (9,729) (7,278)
Distributions to noncontrolling interest holders (1,174) (1,218)
Other financing (12,418) (5,295)
Net cash (used in) provided by financing activities (19,647) 46,281
Effect of foreign exchange rates on Cash and cash equivalents 44,969 (10,359)
Increase in Cash and cash equivalents 8,865 126,467
Cash and cash equivalents, beginning of period 249,358 102,003
Cash and cash equivalents, end of period $ 258,223 $ 228,470