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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
Cash flows from operating activities:    
Net earnings $ 39,961 $ 34,171
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 20,827 20,598
Noncash loss on trading securities 70 995
Stock-based compensation 2,494 2,049
Defined benefit pension plan expense (benefit) 154 384
Contribution to defined benefit pension plan (25,379) 0
Increase in restricted cash - pension 12,568 0
(Gain)/loss on sale of property, plant and equipment (102) 144
Equity in earnings in nonconsolidated subsidiaries 0 0
Deferred income taxes 14,065 5,759
Changes in assets and liabilities:    
Receivables (12,729) 20,344
Inventories (34,817) (8,022)
Prepaid expenses and other assets (9,798) 910
Accounts payable 14,124 1,383
Accrued expenses 14,020 (7,178)
Other noncurrent liabilities 612 (823)
Income taxes refundable (87) 9,813
Net cash flows from operating activities 35,983 80,527
Cash flows from investing activities:    
Purchase of property, plant and equipment (14,168) (13,961)
Proceeds from sale of assets 302 142
Other, net (1,715) (2,322)
Net cash flows from investing activities (15,581) (16,141)
Cash flows from financing activities:    
Net borrowings under short-term agreements 198 1,352
Principal payments on long-term borrowings (215) (220)
Dividends paid (8,445) (8,571)
Dividends to noncontrolling interest (422) 0
Purchase of treasury shares 0 (16,939)
Proceeds from exercises under stock plans 8,894 1,289
Excess tax benefits from stock option exercises 0 (66)
Purchase of common treasury shares—stock plan exercises (2,870) (219)
Net cash flows from financing activities (2,860) (23,374)
Effect of exchange rate changes on cash and cash equivalents 7,726 (2,372)
Net change in cash and cash equivalents 25,268 38,640
Cash and cash equivalents—beginning of year 399,948 349,074
Cash and cash equivalents—end of period $ 425,216 $ 387,714