XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Cash flows from operating activities:    
Net earnings $ 56,563 $ 78,140
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 19,601 19,208
Loss on investment 3,386  
Stock-based compensation 1,880 1,675
Defined benefit pension plan expense 662 1,633
Contribution to defined benefit pension plan (17,484) (10,346)
Gain on sale of property, plant and equipment (127) (66)
Equity in earnings in nonconsolidated subsidiaries   (204)
Deferred income taxes (2,923) (3,687)
Changes in assets and liabilities (net of acquisitions):    
Receivables 31,668 19,006
Inventories (37,911) (30,390)
Prepaid expenses (9,148) (2,786)
Accounts payable (12,471) (5,303)
Accrued expenses (29,889) (17,808)
Other noncurrent liabilities 1,551 1,130
Income taxes payable 16,559 14,410
Net cash flows from operating activities 21,917 64,612
Cash flows from investing activities:    
Purchase of property, plant and equipment (23,526) (21,845)
Proceeds from sale of assets 1,391 29,415
Acquisitions, net of cash acquired (120,483) (54,714)
Other, net (990) 2,789
Net cash flows from investing activities (143,608) (44,355)
Cash flows from financing activities:    
Net borrowings under short-term agreements (4,056) (573)
Principal payments on long-term borrowings (63) (16)
Dividends paid (6,706) (6,001)
Dividends to noncontrolling interest (351) (1,476)
Proceeds from exercises under stock plans 7,860 11,697
Excess tax benefits from stock option exercises 2,296 226
Purchase of common treasury shares-stock plan exercises (8,574) (12,375)
Net cash flows from financing activities (9,594) (8,518)
Effect of exchange rate changes on cash and cash equivalents 5,774 (5,872)
Net change in cash and cash equivalents (125,511) 5,867
Cash and cash equivalents-beginning of year 613,706 414,129
Cash and cash equivalents-end of period $ 488,195 $ 419,996