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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Cash flows from operating activities:    
Net earnings $ 110,828 $ 213,043
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 73,638 72,803
Contribution to defined benefit pension plan (15,259) (17,155)
Impairment of long-lived assets 140,844 0
Gain on divestiture (2,994) 0
Stock-based compensation 28,810 29,998
Defined benefit pension plan expense (benefit) 186 (7,597)
Loss on sale of property, plant, and equipment 822 790
Equity in loss of nonconsolidated subsidiaries 1,219 931
Deferred income taxes (12,562) (2,780)
Changes in assets and liabilities:    
Receivables (66,190) (60,450)
Inventories 50,133 (31,143)
Prepaid expenses and other assets (current and non-current) (20,986) 6,738
Contract assets 4,419 (76,887)
Accounts payable (11,212) 37,787
Accrued expenses 11,022 10,904
Contract liabilities (88,293) (10,051)
Other non-current liabilities (24,114) (9,312)
Income taxes payable 10,557 26,107
Net cash flows provided by operating activities 190,868 183,726
Cash flows from investing activities:    
Purchase of property, plant, and equipment (71,233) (67,122)
Proceeds from divestiture, net of cash divested 6,369 0
Proceeds from sale of assets 1,565 71
Proceeds from property damage insurance claims 6,770 0
Acquisitions, net of cash acquired (31,839) (39,287)
Other, net (898) (108)
Net cash flows used in investing activities (89,266) (106,446)
Cash flows from financing activities:    
Proceeds from short-term borrowings 24,649 4,137
Payments on short-term borrowings (27,290) (12,366)
Proceeds from long-term borrowings 215,012 235,470
Principal payments on long-term borrowings (109,335) (251,155)
Proceeds from settlement of financial derivatives   2,243
Dividends paid (36,983) (34,080)
Dividends to noncontrolling interest (662) 0
Purchase of noncontrolling interests   (7,338)
Purchase of treasury shares (166,663) (20,491)
Proceeds from exercises under stock plans 5,348 8,778
Tax withholdings on exercises under stock plans (15,567) (4,341)
Net cash flows used in financing activities (111,491) (79,143)
Effect of exchange rate changes on cash and cash equivalents (2,951) (9,148)
Net change in cash and cash equivalents (12,840) (11,011)
Cash and cash equivalents-beginning of period 185,406 177,232
Cash and cash equivalents-end of period $ 172,566 $ 166,221