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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Feb. 26, 2022
Feb. 27, 2021
Cash flows from operating activities:    
Net income including non-controlling interest $ 38,320 $ 29,806
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:    
Depreciation 18,163 17,833
Amortization 17,792 17,896
Deferred income taxes (6,020) (2,281)
Income from equity method investments, net of dividends received (1,583) (1,896)
Loss on sale or disposal of assets (13) (16)
Share-based compensation 5,091 6,821
Pension and other post-retirement benefit plan activity (5,361) (7,999)
Change in assets and liabilities, net of effects of acquisitions:    
Trade receivables, net 13,283 3,318
Inventories (87,419) (63,598)
Other assets (3,195) (1,871)
Trade payables 46,464 67,373
Accrued compensation (44,066) (18,146)
Other accrued expenses (6,839) 753
Income taxes payable 6,698 882
Other liabilities (8,810) (17,921)
Other (178) 4,895
Net cash (used in) provided by operating activities (17,673) 35,849
Cash flows from investing activities:    
Purchased property, plant and equipment (48,883) (35,283)
Purchased businesses, net of cash acquired (229,314) (5,445)
Proceeds from sale of property, plant and equipment 22 263
Cash received from government grant 3,928 0
Cash payments related to government grant 0 (1,526)
Net cash used in investing activities (274,247) (41,991)
Cash flows from financing activities:    
Proceeds from debt 307,500 0
Repayment of long-term debt 0 (11,000)
Payment of debt issuance costs (400) 0
Net payments of notes payable (7,604) (22)
Dividends paid (8,881) (8,460)
Contingent consideration payment (5,000) 0
Proceeds from stock options exercised 5,754 6,398
Repurchases of common stock (3,577) (2,580)
Net cash provided by (used in) financing activities 287,792 (15,664)
Effect of exchange rate changes on cash and cash equivalents 5,853 2,464
Net change in cash and cash equivalents 1,725 (19,342)
Cash and cash equivalents at beginning of period 61,786 100,534
Cash and cash equivalents at end of period $ 63,511 $ 81,192