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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net earnings $ 88,429 $ 72,345
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 23,536 24,558
Contribution to defined benefit pension plan (16,714) (15,259)
Stock-based compensation 7,183 8,689
Net periodic pension cost 158 61
Loss on sale of property, plant, and equipment 31 51
Equity in loss of nonconsolidated subsidiaries 20 821
Deferred income taxes 10,344 7,487
Changes in assets and liabilities:    
Receivables (8,699) (42,175)
Inventories (16,972) 9,052
Contract assets (15,836) 14,695
Prepaid expenses and other assets (current and non-current) (3,595) (25,153)
Accounts payable (27,561) 4,127
Contract liabilities 13,773 (22,559)
Accrued expenses (38,465) (36,551)
Income taxes payable / refundable 8,431 15,358
Other non-current liabilities (731) 5,652
Net cash flows from operating activities 23,332 21,199
Cash flows from investing activities:    
Purchase of property, plant, and equipment (15,010) (22,361)
Proceeds from sale of assets 140 1,021
Other, net (3,769) (449)
Net cash flows from investing activities (18,639) (21,789)
Cash flows from financing activities:    
Proceeds from short-term borrowings 4,015 11,090
Payments on short-term borrowings (5,151) (5,788)
Proceeds from long-term borrowings 10 125,000
Principal payments on long-term borrowings (175) (10,796)
Proceeds from settlement of financial derivatives 2,711 0
Dividends paid (12,126) (11,742)
Dividends to redeemable noncontrolling interests (664) (654)
Purchase of redeemable noncontrolling interests (17,745) 0
Purchase of treasury shares   (111,115)
Proceeds from exercises under stock plans 1,959 5,018
Tax withholdings on exercises under stock plans (7,668) (14,022)
Net cash flows from financing activities (34,834) (13,009)
Effect of exchange rate changes on cash and cash equivalents (3,705) 1,141
Net change in cash and cash equivalents (33,846) (12,458)
Cash and cash equivalents-beginning of period 203,041 185,406
Cash and cash equivalents-end of period $ 169,195 $ 172,948