v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Operating activities:    
Net income $ 92.0 $ 62.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 34.1 49.9
Amortization 46.3 46.1
Share-based compensation expense 16.7 13.4
Provision for deferred income taxes (18.5) (16.2)
Loss on extinguishment of debt 0.5 0.0
Charge for excess and obsolete inventory 13.9 11.8
Amortization of debt issuance costs and original issuance discounts 3.3 3.5
Other 2.5 3.9
Changes in operating assets and liabilities:    
Trade accounts receivable (72.1) (1.5)
Inventories (15.3) (45.2)
Accounts payable and accrued liabilities 63.8 9.6
Other current assets (3.3) (3.6)
Income taxes payable and refundable income taxes 14.4 5.6
Other 4.7 0.2
Net cash provided by operating activities 183.0 140.4
Investing activities:    
Acquisition of property, plant and equipment (41.5) (108.0)
Proceeds from government incentives 2.0 0.0
Other 1.1 (0.3)
Net cash used in investing activities (38.4) (108.3)
Financing activities:    
Proceeds from revolving credit facility 65.0 180.0
Payments of revolving credit facility (65.0) (180.0)
Payments of long-term debt (50.0) 0.0
Payments for dividends (15.4) (15.4)
Proceeds from issuance of common stock 14.3 1.4
Taxes paid related to net share settlement of equity awards (10.1) (8.0)
Other (0.4) (0.4)
Net cash used in financing activities (61.6) (22.4)
Effect of exchange rate changes on cash and cash equivalents (0.7) 2.0
Increase in cash and cash equivalents 82.3 11.7
Cash and cash equivalents at beginning of period 360.4 329.2
Cash and cash equivalents at end of period 442.7 340.9
Non-cash transactions:    
Equipment purchases in accounts payable 18.6 27.2
Dividend payable 0.8 0.6
Schedule of interest and income taxes paid:    
Interest paid, net of capitalized interest 4.6 0.0
Income taxes paid, net of refunds received $ 2.1 $ 19.2