v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2026
Mar. 29, 2025
Cash flows from operating activities:    
Net earnings $ 51,097 $ 79,423
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation 35,085 32,941
Amortization of intangibles 5,370 5,817
Expense associated with share-based and grant compensation arrangements 8,472 11,561
Deferred income taxes (1,822) (17)
Unrealized (gain) loss on investments and other (921) 672
Impairment of investments 4,000  
Equity in (earnings) loss of investee (53) 19
Net gain on sale, disposition and impairment of assets (1,652) (76)
Gain from reduction of estimated earnout liability   (344)
Changes in:    
Accounts receivable (172,087) (211,709)
Inventories (45,312) (33,830)
Accounts payable and cash overdraft 45,358 52,902
Accrued liabilities and other (31,154) (46,166)
Net cash used in operating activities (103,619) (108,807)
Cash flows used in investing activities:    
Capital expenditures (48,265) (67,268)
Proceeds from sale of property, plant and equipment 6,110 758
Acquisitions and purchases of noncontrolling interest, net of cash received   (3,735)
Purchases of investments (7,836) (7,191)
Proceeds from sale of investments 2,470 2,304
Other (307) (418)
Net cash used in investing activities (47,828) (75,550)
Cash flows used in financing activities:    
Borrowings under revolving credit facilities 10,968 4,798
Repayments under revolving credit facilities (6,175) (4,752)
Contingent consideration payments and other (83) (221)
Proceeds from issuance of common stock 577 650
Dividends paid to shareholders (20,456) (21,322)
Distributions to noncontrolling interest (1,082)  
Purchase of remaining noncontrolling interest of subsidiary (3,937)  
Payments to taxing authorities in connection with shares directly withheld from employees (1,205) (9,547)
Repurchase of common stock (23,993) (60,553)
Other 26 21
Net cash used in financing activities (45,360) (90,926)
Effect of exchange rate changes on cash 141 312
Net change in cash and cash equivalents (196,666) (274,971)
Cash, cash equivalents, and restricted cash, beginning of period 925,071 1,179,594
Cash, cash equivalents, and restricted cash, end of period $ 728,405 $ 904,623