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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended 19 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Dec. 28, 2013
Dec. 26, 2015
Cash flows from operating activities:        
Net earnings $ 45,333 $ 189,318 $ 280,460  
Adjustments to reconcile net earnings to net cash flows from operations:        
Depreciation and amortization 91,144 89,328 77,436  
Noncash loss on trading securities 4,555 3,795 0  
Non-cash after-tax loss on deconsolidation 0 0 12,011  
Impairment of assets - restructuring activities 19,836   12,161  
Impairment of goodwill & intangible assets 41,970 0 0  
Non-cash debt refinancing costs 0 (2,478) 0  
Stock-based compensation 7,244 6,730 6,513  
Change in fair value of contingent consideration 0 (4,300) 0  
Defined benefit pension plan expense (benefit) (610) 2,638 6,569  
Contribution to defined benefit pension plan (16,500) (18,173) (17,619)  
(Gain) loss on sale of property, plant and equipment 2,327 392 (4,318)  
Equity in earnings in nonconsolidated subsidiaries 247 (29) (835)  
Deferred income taxes 4,858 5,251 (10,141)  
Changes in assets and liabilities (net of acquisitions):        
Receivables 50,267 907 (12,708)  
Inventories 3,296 21,458 13,431  
Prepaid expenses 10,844 (13,594) 4,115  
Accounts payable (6,805) (34,321) 12,448  
Accrued expenses 8,918 (34,778) 21,698  
Other noncurrent liabilities (1,764) 1,755 (1,474)  
Income taxes payable (refundable) 7,107 (39,803) (3,305)  
Net cash flows from operating activities 272,267 174,096 396,442  
Cash flows from investing activities:        
Purchase of property, plant and equipment (45,468) (73,023) (106,753)  
Proceeds from sale of assets 3,249 2,489 37,582  
Acquisitions, net of cash acquired (12,778) (185,710) (63,152)  
Other, net 6,826 (619) 602  
Net cash flows from investing activities (48,171) (256,863) (131,721)  
Cash flows from financing activities:        
Net borrowings under short-term agreements (12,853) (4,472) 5,510  
Proceeds from long-term borrowings 68,000 652,211 274  
Principal payments on long-term borrowings (69,098) (357,858) (591)  
vmi_PaymentsOnDeconsolidationOfSubsidiary 0 0 (11,615)  
Settlement of financial derivatives 0 4,981 0  
Dividends paid (35,357) (32,443) (25,414)  
Dividends to noncontrolling interest (2,634) (2,919) (1,767)  
Payments to Acquire Additional Interest in Subsidiaries 0 0 (9,324)  
Debt issuance costs 0 (7,644) 0  
Purchase of treasury shares (168,983) (395,045) 0 $ (564,000)
Proceeds from exercises under stock plans 13,075 14,572 16,348  
Excess tax benefits from stock option exercises 1,699 4,264 5,306  
Purchase of common treasury shares—stock plan exercises (13,854) (15,403) (16,107)  
Net cash flows from financing activities (220,005) (139,756) (37,380)  
Effect of exchange rate changes on cash and cash equivalents (26,596) (19,604) (27,764)  
Net change in cash and cash equivalents (22,505) (242,127) 199,577  
Cash and cash equivalents—beginning of year 371,579 613,706 414,129  
Cash and cash equivalents—end of period $ 349,074 $ 371,579 $ 613,706 $ 349,074