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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
Cash flows from operating activities:    
Net earnings $ 87,283 $ 77,613
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 41,754 40,804
Noncash loss on trading securities 188 1,035
Stock-based compensation 4,590 4,201
Defined benefit pension plan expense 314 959
Contribution to defined benefit pension plan (25,379) (712)
Change in restricted cash - pension plan trust 12,568 (13,652)
(Gain)/loss on sale of property, plant and equipment (64) 1,074
Equity in earnings in nonconsolidated subsidiaries 0 0
Deferred income taxes 7,347 2,215
Changes in assets and liabilities:    
Receivables (49,416) 2,942
Inventories (24,963) (29,335)
Prepaid expenses and other assets (5,892) (4,859)
Accounts payable 10,715 1,430
Accrued expenses 5,252 (13,636)
Other noncurrent liabilities 1,973 327
Income taxes refundable 2,028 9,516
Net cash flows from operating activities 68,298 79,922
Cash flows from investing activities:    
Purchase of property, plant and equipment (26,183) (26,019)
Proceeds from sale of assets 890 1,827
Proceeds from settlement of net investment hedge 5,123 0
Other, net (2,467) (1,608)
Net cash flows from investing activities (22,637) (25,800)
Cash flows from financing activities:    
Net borrowings under short-term agreements (369) 2,593
Principal payments on long-term borrowings (434) (659)
Dividends paid (16,913) (17,098)
Dividends to noncontrolling interest (2,889) (1,923)
Purchase of noncontrolling interest 0 (11,009)
Purchase of treasury shares 0 (28,621)
Proceeds from exercises under stock plans 10,168 5,975
Purchase of common treasury shares—stock plan exercises (3,056) (1,453)
Net cash flows from financing activities (13,493) (52,195)
Effect of exchange rate changes on cash and cash equivalents 16,106 (6,655)
Net change in cash and cash equivalents 48,274 (4,728)
Cash and cash equivalents—beginning of year 399,948 349,074
Cash and cash equivalents—end of period $ 448,222 $ 344,346