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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Nov. 27, 2021
Nov. 28, 2020
Nov. 30, 2019
Cash flows from operating activities:      
Net income including non-controlling interest $ 161,475 $ 123,788 $ 130,844
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:      
Depreciation 72,106 68,226 67,115
Amortization 71,068 70,591 74,091
Deferred income taxes 16,192 (24,730) (29,028)
Income from equity method investments, net of dividends received 2,776 375 (39)
Loss (gain) on sale of assets 648 86 (24,104)
Share-based compensation 22,366 16,914 24,003
Pension and other postretirement benefit plan contributions (3,840) (5,479) (8,063)
Pension and other postretirement benefit plan income (28,662) (14,763) (11,300)
Mark to market adjustment related to contingent consideration liabilities 2,300 800 0
Change in assets and liabilities, net of effects of acquisitions:      
Trade receivables, net (124,849) (14,842) (25,632)
Inventories (135,351) 15,708 19,584
Other assets (79,097) 38,412 (18,316)
Trade payables 176,337 23,130 11,553
Accrued compensation 27,741 2,588 1,342
Other accrued expenses 1,186 16,361 (1,882)
Income taxes payable (4,137) 5,511 21,043
Other liabilities (73,508) 24,566 448
Other 108,566 (15,683) 37,518
Net cash provided by operating activities 213,317 331,559 269,177
Cash flows from investing activities:      
Purchased property, plant and equipment (96,089) (87,288) (61,982)
Purchased businesses, net of cash acquired (5,445) (9,500) (8,292)
Purchased business assets 0 (5,623) 0
Purchased business remaining equity 0 0 (9,870)
Proceeds from sale of property, plant and equipment 2,896 1,506 11,133
Proceeds from sale of business 0 0 70,293
Cash received from government grant 5,800 0 8,881
Cash outflow related to government grant (1,822) (8,555) (2,758)
Net cash (used in) provided by investing activities (94,660) (109,460) 7,405
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0 300,000 0
Repayment of long-term debt (156,500) (518,000) (288,600)
Net proceeds from notes payable 9,346 4,128 1,662
Dividends paid (34,859) (33,461) (32,357)
Contingent consideration payment (1,700) (767) (3,610)
Proceeds from stock options exercised 32,325 12,321 10,885
Repurchases of common stock (2,682) (3,432) (3,026)
Net cash used in financing activities (154,070) (239,211) (315,046)
Effect of exchange rate changes on cash and cash equivalents (3,335) 5,455 (138)
Net change in cash and cash equivalents (38,748) (11,657) (38,602)
Cash and cash equivalents at beginning of year 100,534 112,191 150,793
Cash and cash equivalents at end of year 61,786 100,534 112,191
Supplemental disclosure of cash flow information:      
Dividends paid with company stock 339 263 338
Cash paid for interest, net of amount capitalized of $905, $565, and $416 for the years ended November 27, 2021, November 28, 2020 and November 30, 2019, respectively 62,753 69,452 107,088
Cash paid for income taxes, net of refunds $ 72,955 $ 49,986 $ 37,232