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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Cash flows from operating activities:      
Net earnings $ 144,912 $ 254,251 $ 197,725
Adjustments to reconcile net earnings to net cash flows from operations:      
Depreciation and amortization 98,708 97,167 92,577
Contribution to defined benefit pension plan (17,345) (17,155) (1,924)
Loss (gain) on divestitures (2,994) 33,273  
Stock-based compensation 39,219 41,850 28,720
Impairment of long-lived assets 140,844   27,911
Defined benefit pension plan cost (benefit) 249 (10,087) (14,567)
Loss (gain) on sale of property, plant, and equipment 973 237 (961)
Equity in loss of nonconsolidated subsidiaries 1,419 950 944
Deferred income taxes (18,649) (1,225) 71
Changes in assets and liabilities:      
Receivables (46,308) (74,163) (69,275)
Inventories 88,433 (3,429) (289,942)
Contract assets (1,230) (53,008) (21,579)
Prepaid expenses and other assets (current and non-current) (26,161) 26,625 (36,066)
Accounts payable (10,529) 36,990 89,418
Contract liabilities (106,884) (567) 6,589
Accrued expenses 22,591 624 30,556
Income taxes payable 13,746 10,836 5,560
Other non-current liabilities (14,219) (16,904) 20,181
Net cash flows provided by operating activities 306,775 326,265 65,938
Cash flows from investing activities:      
Purchase of property, plant, and equipment (96,771) (93,288) (107,790)
Proceeds from divestiture, net of cash divested 6,369    
Proceeds from sale of assets 1,710 1,582 1,745
Proceeds from property damage insurance claims 7,468    
Acquisitions, net of cash acquired (32,676) (39,287) (312,500)
Other, net (1,381) (1,087) 1,237
Net cash flows used in investing activities (115,281) (132,080) (417,308)
Cash flows from financing activities:      
Proceeds from short-term borrowings 30,785 9,665 5,821
Payments on short-term borrowings (34,083) (17,242) (26,062)
Proceeds from long-term borrowings 370,012 253,999 312,485
Principal payments on long-term borrowings (134,748) (336,403) (91,313)
Proceeds from settlement of financial derivatives   3,532  
Debt issuance costs     (2,267)
Dividends paid (49,515) (45,813) (41,412)
Dividends to redeemable noncontrolling interests (662) (714)  
Purchase of redeemable noncontrolling interests   (7,338)  
Purchase of treasury shares (345,279) (40,474) (26,100)
Proceeds from exercises under stock plans 5,841 16,849 23,895
Tax withholdings on exercises under stock plans (18,756) (17,966) (21,547)
Net cash flows provided by (used in) financing activities (176,405) (181,905) 133,500
Effect of exchange rate changes on cash and cash equivalents 2,546 (4,106) (5,624)
Net change in cash and cash equivalents 17,635 8,174 (223,494)
Cash and cash equivalents-beginning of period 185,406 177,232 400,726
Cash and cash equivalents-end of period $ 203,041 $ 185,406 $ 177,232