XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 01, 2019
Jun. 02, 2018
Cash flows from operating activities:    
Net income including non-controlling interest $ 48,889 $ 92,131
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:    
Depreciation 33,568 34,159
Amortization 38,190 38,519
Deferred income taxes (21,871) (48,434)
Income from equity method investments, net of dividends received (3,198) (3,960)
Loss (gain) on sale of assets 377 (3,172)
Share-based compensation 14,172 10,434
Loss on mark to market adjustment related to contingent consideration liability (2,373)
Change in assets and liabilities, net of effects of acquisitions:    
Trade receivables, net (23,692) (12,479)
Inventories (22,798) (53,574)
Other assets (21,396) (49,199)
Trade payables 25,943 7,700
Accrued compensation (17,778) (17,990)
Other accrued expenses 12,734 (16,129)
Income taxes payable (13,794) (13,194)
Accrued / prepaid pensions (5,933) (5,225)
Other liabilities 1,465 (179)
Other 7,790 38,594
Net cash provided by operating activities 77,326 22,375
Cash flows from investing activities:    
Purchased property, plant and equipment (32,192) (33,197)
Purchased businesses, net of cash acquired (7,914)
Purchased business remaining equity (9,870)
Proceeds from sale of property, plant and equipment 45 2,709
Cash received from government grant 9,045
Cash payments related to government grant (1,120)
Net cash used in investing activities (42,006) (30,488)
Cash flows from financing activities:    
Repayment of long-term debt (70,000) (25,750)
Net payment of notes payable 4,053 (13,988)
Dividends paid (16,028) (15,414)
Contingent consideration payment (3,610)
Proceeds from stock options exercised 1,837 2,387
Repurchases of common stock (2,807) (4,529)
Net cash used in financing activities (86,555) (57,294)
Effect of exchange rate changes on cash and cash equivalents 688 257
Net change in cash and cash equivalents (50,547) (65,150)
Cash and cash equivalents at beginning of period 150,793 194,398
Cash and cash equivalents at end of period 100,246 129,248
Supplemental disclosure of cash flow information:    
Dividends paid with company stock 162 72
Cash paid for interest, net of amount capitalized of $195 and $109 for the periods ended June 1, 2019 and June 2, 2018, respectively 55,901 53,860
Cash paid for income taxes, net of refunds $ 17,474 $ 20,144