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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 24, 2016
Cash flows from operating activities:    
Net earnings $ 123,949 $ 107,134
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 63,500 61,242
Noncash loss on trading securities 395 973
Stock-based compensation 7,300 6,572
Change in fair value of contingent consideration 0 (3,527)
Defined benefit pension plan expense 481 1,486
Contribution to defined benefit pension plan (26,064) (712)
Change in restricted cash - pension plan trust 12,568 (13,652)
(Gain)/loss on sale of property, plant and equipment (732) 250
Equity in earnings of nonconsolidated subsidiaries 0 0
Deferred income taxes 79 (1,534)
Changes in assets and liabilities:    
Receivables (39,584) 16,436
Inventories (41,545) (34,413)
Prepaid expenses and other assets (11,636) (10,624)
Accounts payable 28,895 (11,338)
Accrued expenses 20,157 3,272
Other noncurrent liabilities (1,627) 240
Income taxes refundable (1,732) 4,831
Net cash flows from operating activities 134,404 127,254
Cash flows from investing activities:    
Purchase of property, plant and equipment (39,898) (42,233)
Proceeds from sale of assets 1,575 3,938
Payments to Acquire Businesses, Net of Cash Acquired (5,362) 0
Proceeds from settlement of net investment hedge 5,123 0
Other, net (3,462) (2,824)
Net cash flows from investing activities (42,024) (41,119)
Cash flows from financing activities:    
Net borrowings under short-term agreements (549) (128)
Principal payments on long-term borrowings (658) (1,563)
Dividends paid (25,386) (25,604)
Dividends to noncontrolling interest (3,895) (2,527)
Purchase of noncontrolling interest 0 (11,009)
Purchase of treasury shares 0 (46,581)
Proceeds from exercises under stock plans 12,446 6,509
Purchase of common treasury shares—stock plan exercises (3,929) (1,453)
Net cash flows from financing activities (21,971) (82,356)
Effect of exchange rate changes on cash and cash equivalents 23,133 (3,478)
Net change in cash and cash equivalents 93,542 301
Cash and cash equivalents—beginning of year 399,948 349,074
Cash and cash equivalents—end of period 493,490 349,375
Restructuring Costs $ 0 $ 618