XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net earnings $ 84,653 $ 66,644
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 39,007 32,621
Net (gain) loss on sales of assets (3,662) (1,601)
Stock-based compensation 13,763 11,422
Deferred income taxes 4,589 (81,496)
(Gain) loss on derivatives reclassified from accumulated comprehensive earnings into earnings (36) 57
Proceeds from formation of joint venture (Note 4) 0 250,000
Changes in operating assets and liabilities:    
Accounts receivable 61,324 53,666
Inventories (48,022) (45,918)
Accounts payable and accrued liabilities (23,834) (10,734)
Current income taxes 3,339 91,800
Retirement benefit obligations (1,715) (1,969)
Other 588 (2,810)
Net cash provided by operating activities 129,994 361,682
Cash flows from investing activities:    
Payments for purchase of property, plant and equipment (43,053) (99,316)
Net proceeds from sale of assets 3,682 2,112
Proceeds from sales of short-term investments 4,994 0
Net cash used in investing activities (34,377) (97,204)
Cash flows from financing activities:    
Cash dividends paid (14,415) (13,086)
Proceeds from sales of treasury stock 11,223 5,288
Payments for repurchases of common stock (61,782) (117,820)
Borrowings on revolving lines of credit and short-term borrowings 684,200 300,000
Payments on revolving lines of credit and short-term borrowings (706,600) (385,596)
Payments of long-term debt and capital lease obligations (204) (50,075)
Net cash provided by (used in) financing activities (87,578) (261,289)
Effect of exchange rate changes on cash and cash equivalents (10,176) (646)
Net change in cash and cash equivalents (2,137) 2,543
Cash and cash equivalents at beginning of year 81,090 82,202
Cash and cash equivalents at end of period $ 78,953 $ 84,745