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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
May 30, 2020
Jun. 01, 2019
Cash flows from operating activities:    
Net income including non-controlling interest $ 41,534 $ 48,889
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:    
Depreciation 33,198 33,568
Amortization 35,458 38,190
Deferred income taxes (10,412) (21,871)
Income from equity method investments, net of dividends received (3,527) (3,198)
Gain on sale of assets (24) 377
Share-based compensation 9,236 14,172
Trade receivables, net 33,867 (23,692)
Inventories (59,232) (22,798)
Other assets (13,070) (21,396)
Trade payables 42,182 25,943
Accrued compensation (21,587) (17,778)
Other accrued expenses 8,981 12,734
Income taxes payable 2,728 (13,794)
Accrued / prepaid pensions (2,993) (5,933)
Other liabilities (24,705) 1,465
Other (7,175) 7,790
Net cash provided by operating activities 108,413 77,326
Cash flows from investing activities:    
Purchased property, plant and equipment (54,533) (32,192)
Purchased businesses, net of cash acquired (9,500) (7,914)
Purchase of assets (3,998) 0
Purchased business remaining equity 0 (9,870)
Proceeds from sale of property, plant and equipment 1,416 45
Cash received from government grant 0 9,045
Cash payments related to government grant (2,331) (1,120)
Net cash used in investing activities (68,946) (42,006)
Cash flows from financing activities:    
Repayment of long-term debt (67,000) (70,000)
Net proceeds of notes payable 6,994 4,053
Dividends paid (16,577) (16,028)
Contingent consideration payment 0 (3,610)
Proceeds from stock options exercised 1,557 1,837
Repurchases of common stock (3,246) (2,807)
Net cash used in financing activities (78,272) (86,555)
Effect of exchange rate changes on cash and cash equivalents (3,040) 688
Net change in cash and cash equivalents (41,845) (50,547)
Cash and cash equivalents at beginning of period 112,191 150,793
Cash and cash equivalents at end of period $ 70,346 $ 100,246