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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
Cash flows from operating activities:    
Net earnings $ 77,613 $ 60,946
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 40,804 47,761
Noncash loss on trading securities 1,035 4,582
Stock-based compensation 4,201 3,513
Defined benefit pension plan expense (benefit) 959 (305)
Contribution to defined benefit pension plan (712) (15,735)
Increase in restricted cash - pension (13,652) 0
Gain on sale of property, plant and equipment 1,074 542
Equity in earnings in nonconsolidated subsidiaries 0 0
Deferred income taxes 2,215 (55)
Changes in assets and liabilities:    
Receivables 2,942 32,511
Inventories (29,335) (27,746)
Prepaid expenses and other assets (4,859) (3,087)
Accounts payable 1,430 (5,021)
Accrued expenses (13,636) (6,431)
Other noncurrent liabilities 327 1,761
Income taxes refundable 9,516 15,817
Net cash flows from operating activities 79,922 118,345
Cash flows from investing activities:    
Purchase of property, plant and equipment (26,019) (24,758)
Proceeds from sale of assets 1,827 1,101
Other, net (1,608) 5,896
Net cash flows from investing activities (25,800) (17,761)
Cash flows from financing activities:    
Net borrowings under short-term agreements 2,593 (5,890)
Proceeds from Issuance of Long-term Debt 0 33,000
Principal payments on long-term borrowings (659) (33,657)
Dividends paid (17,098) (17,956)
Dividends to noncontrolling interest (1,923) (1,669)
Payments of Debt Issuance Costs (11,009) 0
Purchase of treasury shares (28,621) (121,020)
Proceeds from exercises under stock plans 5,975 9,454
Excess tax benefits from stock option exercises 0 1,394
Purchase of common treasury shares—stock plan exercises (1,453) (10,490)
Net cash flows from financing activities (52,195) (146,834)
Effect of exchange rate changes on cash and cash equivalents (6,655) (7,806)
Net change in cash and cash equivalents (4,728) (54,056)
Cash and cash equivalents—beginning of year 349,074 371,579
Cash and cash equivalents—end of period 344,346 317,523
Restructuring Costs $ 0 $ 9,292