v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 26, 2026
Sep. 27, 2025
OPERATING ACTIVITIES    
Net income $ 279,929 $ 170,435
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 58,627 56,379
Amortization of intangibles 45,852 44,220
Deferred revenue (3,646) 2,814
Impairment charges 14,712 136
Stock-based compensation 23,467 21,733
Loss on investments and other assets 116 2,095
Deferred income taxes 3,899 490
Other 1,798 3,760
Changes in operating assets and liabilities:    
Trade receivables (77,483) (64,552)
Inventories (30,711) 33,567
Accounts payable 46,876 12,757
Accrued liabilities and income taxes 98,090 611
Prepaid expenses and other assets (4,893) 10,654
Net cash provided by operating activities 456,633 295,099
INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired (1,663) (57,417)
Purchases of property, plant, and equipment (47,474) (48,697)
Net proceeds from sale of property, plant and equipment, and other 9,224 6,413
Net cash used in investing activities (39,913) (99,701)
FINANCING ACTIVITIES    
Payments of senior notes payable 0 (50,000)
Repayments of other debts (1,226) (2,099)
Payments of term loan (66,250) (11,250)
Payments of revolving credit facility (100,000) 0
Net proceeds related to stock-based award activities 75,467 17,939
Repurchases of common stock, with excise tax 0 (27,553)
Debt issuance costs (2,170) 0
Cash dividends paid (58,193) (53,311)
Net cash used in financing activities (152,372) (126,274)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,959) 20,868
Increase in cash, cash equivalents, and restricted cash 261,389 89,992
Cash, cash equivalents, and restricted cash at beginning of period 565,104 726,437
Cash, cash equivalents, and restricted cash at end of period 826,493 816,429
Reconciliation of cash and cash equivalents:    
Cash and cash equivalents 824,840 814,733
Restricted cash included in other long-term assets 1,653 1,696
Cash paid during the period for interest 21,254 28,955
Capital expenditures, not yet paid $ 10,500 $ 8,116