v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Oct. 03, 2026
Sep. 27, 2025
OPERATING ACTIVITIES    
Net (loss) income $ 127,694 $ 153,695
Income from discontinued operations, net of tax 43,239 68,744
Income from continuing operations, net of tax 84,455 84,951
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 33,804 29,994
Stock-based compensation 24,415 28,421
Provision for doubtful accounts 2,560 758
Deferred income taxes 87,897 4,353
Gain on sale of assets and businesses, net of tax (15,389) (3,898)
Other (38,564) 15,582
Changes in operating assets and liabilities, net of business acquisition effects:    
Accounts receivable (78,863) (42,073)
Inventories (129,936) (160,563)
Accounts payable 105,358 86,013
Income taxes 2,647 (14,954)
Accrued and other current liabilities 1,070 70,507
Other assets and liabilities 3,568 10,692
Cash provided by operating activities - continuing operations 83,022 109,783
Cash provided by operating activities - discontinued operations 63,022 57,671
Cash provided by operating activities 146,044 167,454
INVESTING ACTIVITIES    
Property, plant and equipment expenditures (13,093) (12,831)
Capitalized computer software (3,598) (3,008)
Business acquisition, net of cash received 0 (899,372)
Proceeds from the settlement of foreign exchange contracts to hedge business acquisition 0 24,115
Collection of deferred purchase price on sold accounts receivable 20,092 0
Proceeds from sales of assets 25,197 4,028
Other 0 584
Cash provided (used) by investing activities - continuing operations 28,598 (886,484)
Cash used by investing activities - discontinued operations (1,681) (3,436)
Cash provided (used) by investing activities 26,917 (889,920)
FINANCING ACTIVITIES    
Borrowings under revolving credit facility 96,500 0
Repayments under revolving credit facility (96,500) 0
Proceeds from issuance of long-term debt 0 1,000,000
Payment of debt issuance costs 0 (7,433)
Repayments of term loan (4,375) (395,000)
Repurchases of Common Stock (95,478) 0
Dividends paid (87,400) (86,618)
Shares withheld for taxes, net of proceeds from issuance of Common Stock (10,892) (9,092)
Cash (used) provided by financing activities (198,145) 501,857
Effect of foreign currency rate changes on cash and cash equivalents (5,748) (31,029)
Net change in cash and cash equivalents (30,932) (251,638)
Cash and cash equivalents – beginning of period 108,442 334,066
Cash and cash equivalents – end of period $ 77,510 $ 82,428