Cash Flow

v3.25.3
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 29, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 126,763 $ 51,129
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant, and equipment 82,135 78,709
Amortization of definite-lived intangible assets 27,673 35,642
Amortization of debt discount and issuance costs 1,609 1,517
Deferred income taxes 1,461 (1,180)
Stock-based compensation 29,586 21,697
Other 5,512 2,194
Changes in operating assets and liabilities:    
Accounts receivable, net (51,536) (9,328)
Contract assets (65,585) (70,618)
Inventories (28,702) (14,838)
Prepaid expenses and other assets (11,667) (2,236)
Accounts payable 102,253 34,698
Contract liabilities (21,547) 11,860
Accrued salaries, wages, and benefits 22,944 14,055
Other liabilities 8,053 (2,461)
Net cash provided by operating activities 228,952 150,840
Cash flows from investing activities:    
Net purchases of property, plant, and equipment and other assets (223,176) (129,709)
Proceeds from sale of property, plant, and equipment and other assets 489 29,599
Proceeds from sale of Shanghai E-MS (SH E-MS) property 0 6,737
Other 0 (76)
Net cash used in investing activities (222,687) (93,449)
Cash flows from financing activities:    
Repurchases of common stock (17,875) (34,479)
Repayment of long-term debt borrowings (2,845) (8,730)
Customer deposits 1,500 0
Proceeds from long-term debt borrowings 0 6,105
Payment of debt issuance costs 0 (1,113)
Net cash used in financing activities (19,220) (38,217)
Effect of foreign currency exchange rates on cash and cash equivalents 143 118
Net (decrease) increase in cash and cash equivalents (12,812) 19,292
Cash and cash equivalents at beginning of period 503,932 450,208
Cash and cash equivalents at end of period 491,120 469,500
Supplemental cash flow information:    
Cash paid, net for interest 39,807 42,646
Cash paid, net for income taxes 19,426 15,196
Supplemental disclosure of non-cash investing activities:    
Property, plant, and equipment recorded in accounts payable and other current liabilities 62,561 83,934
Cashless rollover of debt $ 0 $ 340,395

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