XML 47 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 25, 2011
Jun. 26, 2010
Cash flows from operating activities:    
Net earnings $ 74,864 $ 35,769
Adjustments to reconcile net earnings to net cash flow from operations:    
Depreciation and amortization 35,870 24,580
Stock-based compensation 2,618 3,168
Defined benefit pension plan expense 2,962  
Contribution to defined benefit pension plan (10,086)  
Loss (gain) on sale of assets (239) 123
Equity in earnings of nonconsolidated subsidiaries (2,155) (919)
Deferred income taxes (10,198) (2,830)
Other   19
Changes in assets and liabilities, net of the effects of acquisitions:    
Receivables (31,063) (32,071)
Inventories (78,956) (6,110)
Prepaid expenses (5,628) 61
Accounts payable 38,894 11,386
Accrued expenses (9,474) 1,669
Other noncurrent liabilities (4,402) 7,896
Income taxes payable/refundable 16,908 11,241
Net cash flows from operating activities 19,915 53,982
Cash flows from investing activities:    
Purchase of property, plant and equipment (27,911) (11,025)
Proceeds from sale of assets 2,455 96
Acquisitions, net of cash acquired (1,539) (245,310)
Other, net 1,948 1,516
Net cash flows from investing activities (25,047) (254,723)
Cash flows from financing activities:    
Net borrowings (payments) under short-term agreements 2,160 (2,148)
Proceeds from long-term borrowings 187,770 491,000
Principal payments on long-term obligations (167,230) (133,228)
Purchase of noncontrolling interest (25,253)  
Settlement of financial derivative (3,568)  
Dividends paid (8,710) (7,892)
Dividends to noncontrolling interests (4,958) (3,477)
Debt issuance costs (1,284) (3,858)
Proceeds from exercises under stock plans 16,933 3,197
Excess tax benefits from stock option exercises 2,533 1,216
Purchase of treasury shares (4,802) (877)
Purchase of common treasury shares-stock plan exercises (18,443) (1,961)
Net cash flows from financing activities (24,852) 341,972
Effect of exchange rate changes on cash and cash equivalents 9,870 (7,644)
Net change in cash and cash equivalents (20,114) 133,587
Cash and cash equivalents-beginning of year 346,904 180,786
Cash and cash equivalents-end of period $ 326,790 $ 314,373