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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended 79 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Dec. 26, 2020
Cash flows from operating activities:        
Net earnings $ 197,725 $ 142,149 $ 152,105  
Adjustments to reconcile net earnings to net cash flows from operations:        
Depreciation and amortization 92,577 82,892 82,264  
Noncash loss on trading securities 0 39 (172)  
Contribution to defined benefit pension plan (1,924) (35,399) (18,461)  
Impairment of long-lived assets 27,911 20,389 0  
Stock-based compensation 28,720 14,874 11,587  
Defined benefit pension plan benefit (14,567) (7,311) (513)  
(Gain) loss on sale of property, plant and equipment (961) 60 (2,513)  
Equity in earnings in nonconsolidated subsidiaries 944 1,004 0  
Deferred income taxes 71 (1,397) 1,486  
Changes in assets and liabilities (net of acquisitions):        
Receivables (69,275) (24,403) 5,408  
Inventories (289,942) (21,888) 22,128  
Prepaid expenses and other assets (current and non-current) (36,066) (10,633) 4,413  
Contract asset (21,579) 19,835 (29,274)  
Accounts payable 89,418 33,044 (21,410)  
Accrued expenses 30,556 52,548 (4,255)  
Contract liabilities 6,589 12,072 113,039  
Other noncurrent liabilities 20,181 46,712 (1,274)  
Income taxes payable (refundable) 5,560 (8,293) (6,944)  
Net cash flows from operating activities 65,938 316,294 307,614  
Cash flows from investing activities:        
Purchase of property, plant and equipment (107,790) (106,700) (97,425)  
Proceeds from sale of assets 1,745 10,860 5,556  
Acquisitions, net of cash acquired (312,500) (15,862) (81,841)  
Settlement of net investment hedge 0 11,983 11,184  
Investments in nonconsolidated subsidiaries 0 (1,283) (6,169)  
Other, net 1,237 (3,027) 545  
Net cash flows used in investing activities (417,308) (104,029) (168,150)  
Cash flows from financing activities:        
Proceeds from short-term agreements 5,821 20,990 13,195  
Principal payments on short-term agreements (26,062) (7,946) (1,868)  
Proceeds from long-term borrowings 312,485 88,872 31,000  
Principal payments on long-term borrowings (91,313) (121,665) (10,768)  
Debt issuance costs (2,267) 0 0  
Dividends paid (41,412) (36,930) (32,642)  
Dividends to noncontrolling interest 0 (5,642) (7,737)  
Purchase of noncontrolling interest 0 (59,416) (27,845)  
Proceeds from exercises under stock plans 23,895 18,961 13,619  
Purchase of treasury shares (26,100) (56,491) (62,915) $ (878,138)
Purchase of common treasury shares—stock plan exercises (21,547) (14,489) (12,989)  
Net cash flows provided by (used) in financing activities 133,500 (173,756) (98,950)  
Effect of exchange rate changes on cash and cash equivalents (5,624) 8,675 (182)  
Net change in cash and cash equivalents (223,494) 47,184 40,332  
Cash, cash equivalents, and restricted cash—beginning of year 400,726 353,542 313,210  
Cash, cash equivalents, and restricted cash—end of year $ 177,232 $ 400,726 $ 353,542 $ 400,726