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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Cash flows from operating activities:    
Net earnings $ 213,043 $ 169,911
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 72,803 67,764
Stock-based compensation 29,998 17,895
Defined benefit pension plan benefit (7,597) (11,051)
Contribution to defined benefit pension plan (17,155) (970)
Loss (gain) on sale of property, plant and equipment 790 (1,250)
Equity in loss in nonconsolidated subsidiaries 931 1,079
Deferred income taxes (2,780) (8,747)
Changes in assets and liabilities:    
Receivables (60,450) (30,709)
Inventories (31,143) (211,273)
Prepaid expenses and other assets (current and non-current) 6,738 (21,589)
Contract assets (76,887) (33,199)
Accounts payable 37,787 76,916
Accrued expenses 10,904 15,523
Contract liabilities (10,051) 6,768
Other noncurrent liabilities (9,312) 10,228
Income taxes payable/refundable 26,107 14,533
Net cash flows from operating activities 183,726 61,829
Acquisitions, net of cash acquired (39,287) (312,500)
Cash flows from investing activities:    
Purchase of property, plant and equipment (67,122) (80,509)
Proceeds from sale of assets 71 1,655
Other, net (108) 1,891
Net cash flows from investing activities (106,446) (389,463)
Cash flows from financing activities:    
Proceeds from short-term borrowings 4,137 3,191
Payments on short-term borrowings (12,366) (23,654)
Proceeds from long-term borrowings 235,470 236,710
Principal payments on long-term borrowings (251,155) (66,128)
Settlement of financial derivatives 2,243 0
Dividends paid (34,080) (30,794)
Purchase of noncontrolling interest (7,338) 0
Purchase of treasury shares (20,491) (24,101)
Proceeds from exercises under stock plans 8,778 22,747
Purchase of common treasury shares-stock plan exercises (4,341) (16,955)
Net cash flows from financing activities (79,143) 101,016
Effect of exchange rate changes on cash and cash equivalents (9,148) (4,313)
Net change in cash and cash equivalents (11,011) (230,931)
Cash and cash equivalents-beginning of year 177,232 400,726
Cash and cash equivalents-end of period $ 166,221 $ 169,795