XML 14 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Details 4) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 29, 2012
Sep. 24, 2011
Sep. 29, 2012
Sep. 24, 2011
Cash flows from operating activities:        
Net earnings $ 58,442 $ 44,414 $ 172,189 $ 119,278
Adjustments to reconcile net earnings to net cash flows from operations:        
Depreciation and amortization     52,262 53,193
Stock-based compensation     4,517 3,962
Defined benefit pension plan expense     3,076 4,544
Contribution to defined benefit pension plan     (11,591) (11,754)
Gain on sale of property, plant and equipment     (187) (295)
Equity in (earnings)/ losses of nonconsolidated subsidiaries     (5,311) (4,509)
Deferred income taxes 519 (1,346) (3,937) (11,544)
Changes in assets and liabilities:        
Receivables     (46,663) (41,606)
Inventories     (36,507) (99,559)
Prepaid expenses     (3,657) (5,378)
Accounts payable     (35) 33,782
Accrued expenses     15,989 11,484
Other noncurrent liabilities     (723) (4,492)
Income taxes payable     (21,740) 17,009
Net cash flows from operating activities     117,682 64,115
Cash flows from investing activities:        
Purchase of property, plant and equipment     (58,700) (46,366)
Proceeds from sale of assets     5,597 2,903
Acquisitions, net of cash acquired       (1,539)
Dividends from nonconsolidated subsidiaries     0 590
Other, net     80 793
Net cash flows from investing activities     (53,023) (43,619)
Cash flows from financing activities:        
Net borrowings under short-term agreements     4,096 2,152
Proceeds from long-term borrowings     39,126 213,832
Principal payments on long-term borrowings     (39,280) (187,234)
Purchase of noncontrolling interest     0 (25,253)
Proceeds from sale of partial ownership interest     1,404  
Dividends paid     (15,530) (13,467)
Dividends to noncontrolling interest     (1,379) (4,958)
Settlement of financial derivative     0 (3,568)
Debt issuance costs     (1,703) (1,284)
Proceeds from exercises under stock plans     19,527 18,659
Excess tax benefits from stock option exercises     4,212 2,799
Purchase of treasury shares     0 (4,802)
Purchase of common treasury shares - stock plan exercises     (19,116) (19,829)
Net cash flows from financing activities     (8,643) (22,953)
Effect of exchange rate changes on cash and cash equivalents     8,170 (7,539)
Net change in cash and cash equivalents     64,186 (9,996)
Cash and cash equivalents-beginning of year     362,894 346,904
Cash and cash equivalents-end of period 427,080 336,908 427,080 336,908
Parent
       
Cash flows from operating activities:        
Net earnings 56,731 42,141 169,036 113,577
Adjustments to reconcile net earnings to net cash flows from operations:        
Depreciation and amortization     14,183 15,758
Stock-based compensation     4,517 3,962
Gain on sale of property, plant and equipment     (66) 3
Equity in (earnings)/ losses of nonconsolidated subsidiaries     (461) (261)
Deferred income taxes (1,063) (1,397) (3,832) (5,307)
Changes in assets and liabilities:        
Receivables     (5,806) (10,659)
Inventories     1,705 (44,029)
Prepaid expenses     (741) (1,753)
Accounts payable     (14,260) 9,850
Accrued expenses     16,577 17,225
Other noncurrent liabilities     532 1,202
Income taxes payable     (19,897) 14,814
Net cash flows from operating activities     161,487 114,382
Cash flows from investing activities:        
Purchase of property, plant and equipment     (23,270) (10,133)
Proceeds from sale of assets     112 34
Dividends from nonconsolidated subsidiaries       590
Other, net     (77,917) (92,449)
Net cash flows from investing activities     (101,075) (101,958)
Cash flows from financing activities:        
Proceeds from long-term borrowings     39,000 213,832
Principal payments on long-term borrowings     (39,197) (187,186)
Dividends paid     (15,530) (13,467)
Settlement of financial derivative       (3,568)
Debt issuance costs     (1,703) (1,284)
Proceeds from exercises under stock plans     19,527 18,659
Excess tax benefits from stock option exercises     4,212 2,799
Purchase of treasury shares       (4,802)
Purchase of common treasury shares - stock plan exercises     (19,116) (19,829)
Net cash flows from financing activities     (12,807) 5,154
Net change in cash and cash equivalents     47,605 17,578
Cash and cash equivalents-beginning of year     27,545 8,015
Cash and cash equivalents-end of period 75,150 25,593 75,150 25,593
Guarantors
       
Cash flows from operating activities:        
Net earnings 21,860 17,334 67,239 45,427
Adjustments to reconcile net earnings to net cash flows from operations:        
Depreciation and amortization     9,602 9,416
Gain on sale of property, plant and equipment     (58) (56)
Deferred income taxes (558) 2,710 (419) 1,742
Changes in assets and liabilities:        
Receivables     (18,798) (320)
Inventories     (11,409) (31,983)
Prepaid expenses     (43) (325)
Accounts payable     3,280 6,450
Accrued expenses     (607) 3,805
Income taxes payable     273  
Net cash flows from operating activities     49,060 34,156
Cash flows from investing activities:        
Purchase of property, plant and equipment     (10,885) (9,358)
Proceeds from sale of assets     71 73
Other, net     (15,657) (24,700)
Net cash flows from investing activities     (26,471) (33,985)
Cash flows from financing activities:        
Intercompany dividends       17,730
Net cash flows from financing activities       17,730
Effect of exchange rate changes on cash and cash equivalents     1,318  
Net change in cash and cash equivalents     23,907 17,901
Cash and cash equivalents-beginning of year     18,257 619
Cash and cash equivalents-end of period 42,164 18,520 42,164 18,520
Non-Guarantors
       
Cash flows from operating activities:        
Net earnings 35,068 26,811 90,681 62,993
Adjustments to reconcile net earnings to net cash flows from operations:        
Depreciation and amortization     28,477 28,019
Defined benefit pension plan expense     3,076 4,544
Contribution to defined benefit pension plan     (11,591) (11,754)
Gain on sale of property, plant and equipment     (63) (242)
Equity in (earnings)/ losses of nonconsolidated subsidiaries     (4,850) (4,248)
Deferred income taxes 2,140 (2,659) 314 (7,979)
Changes in assets and liabilities:        
Receivables     (22,059) (30,627)
Inventories     (26,803) (23,547)
Prepaid expenses     (2,873) (3,300)
Accounts payable     10,945 17,482
Accrued expenses     19 (9,546)
Other noncurrent liabilities     (1,255) (5,694)
Income taxes payable     (1,461) 2,195
Net cash flows from operating activities     62,557 18,296
Cash flows from investing activities:        
Purchase of property, plant and equipment     (24,545) (26,875)
Proceeds from sale of assets     5,414 2,796
Acquisitions, net of cash acquired       (1,539)
Other, net     (61,768) 15,223
Net cash flows from investing activities     (80,899) (10,395)
Cash flows from financing activities:        
Net borrowings under short-term agreements     4,096 2,152
Proceeds from long-term borrowings     126  
Principal payments on long-term borrowings     (83) (48)
Purchase of noncontrolling interest       (25,253)
Proceeds from sale of partial ownership interest     1,404  
Intercompany dividends       (17,730)
Dividends to noncontrolling interest     (1,379) (4,958)
Net cash flows from financing activities     4,164 (45,837)
Effect of exchange rate changes on cash and cash equivalents     6,852 (7,539)
Net change in cash and cash equivalents     (7,326) (45,475)
Cash and cash equivalents-beginning of year     317,092 338,270
Cash and cash equivalents-end of period 309,766 292,795 309,766 292,795
Eliminations
       
Cash flows from operating activities:        
Net earnings (55,217) (41,872) (154,767) (102,719)
Changes in assets and liabilities:        
Income taxes payable     (655)  
Net cash flows from operating activities     (155,422) (102,719)
Cash flows from investing activities:        
Other, net     155,422 102,719
Net cash flows from investing activities     $ 155,422 $ 102,719