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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
May 29, 2021
May 30, 2020
Cash flows from operating activities:    
Net income including non-controlling interest $ 78,930 $ 41,534
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:    
Depreciation 35,976 33,198
Amortization 35,649 35,458
Deferred income taxes (1,167) (10,412)
Income from equity method investments, net of dividends received (4,072) (3,527)
Share-based compensation 12,486 9,236
Pension and other post-retirement benefit plan activity (15,927) (2,993)
Trade receivables, net (43,191) 33,867
Inventories (100,358) (59,232)
Other assets (21,709) (13,070)
Trade payables 115,488 42,182
Accrued compensation (8,760) (21,587)
Other accrued expenses 1,925 8,981
Income taxes payable 1,513 2,728
Other liabilities 28,980 (24,705)
Other 25,055 (7,199)
Net cash provided by operating activities 79,832 108,413
Cash flows from investing activities:    
Purchased property, plant and equipment (50,726) (54,533)
Purchased businesses, net of cash acquired (5,445) (9,500)
Purchase of assets 0 (3,998)
Proceeds from sale of property, plant and equipment 1,237 1,416
Cash payments related to government grant (1,526) (2,331)
Net cash used in investing activities (56,460) (68,946)
Cash flows from financing activities:    
Repayment of long-term debt (68,000) (67,000)
Net proceeds of notes payable 9,335 6,994
Dividends paid (17,244) (16,577)
Proceeds from stock options exercised 20,621 1,557
Repurchases of common stock (2,628) (3,246)
Net cash used in financing activities (57,916) (78,272)
Effect of exchange rate changes on cash and cash equivalents 3,607 (3,040)
Net change in cash and cash equivalents (30,937) (41,845)
Cash and cash equivalents at beginning of period 100,534 112,191
Cash and cash equivalents at end of period $ 69,597 $ 70,346