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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 04, 2023
Feb. 26, 2022
Cash flows from operating activities:    
Net income including non-controlling interest $ 21,916 $ 38,320
Adjustments to reconcile net income including non-controlling interest to net cash (used in) provided by operating activities:    
Depreciation 19,248 18,163
Amortization 18,683 17,792
Deferred income taxes (5,746) (6,020)
Income from equity method investments, net of dividends received (1,180) (1,583)
Debt issuance costs write-off 2,689 0
Loss on mark to market adjustment on contingent consideration liability 139 0
Gain on sale or disposal of assets (4) (13)
Share-based compensation 4,527 5,091
Pension and other post-retirement benefit plan activity (3,476) (5,361)
Change in assets and liabilities, net of effects of acquisitions:    
Trade receivables, net 55,407 13,283
Inventories (33,800) (87,419)
Other assets (28,947) (3,195)
Trade payables 8,996 46,464
Accrued compensation (57,000) (44,066)
Other accrued expenses (6,414) (6,839)
Income taxes payable (2,235) 6,698
Other liabilities (3,085) (8,810)
Other 15,827 (178)
Net cash provided by (used in) operating activities 5,545 (17,673)
Cash flows from investing activities:    
Purchased property, plant and equipment (47,604) (48,883)
Purchased businesses, net of cash acquired (16,723) (229,314)
Proceeds from sale of property, plant and equipment 611 22
Cash received from government grant 0 3,928
Net cash used in investing activities (63,716) (274,247)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 1,300,000 307,500
Repayment of long-term debt (1,176,650) 0
Payment of debt issuance costs (10,214) (400)
Net payment of notes payable (881) (7,604)
Dividends paid (10,222) (8,881)
Contingent consideration payment 0 (5,000)
Proceeds from stock options exercised 3,595 5,754
Repurchases of common stock (2,448) (3,577)
Net cash provided by financing activities 103,180 287,792
Effect of exchange rate changes on cash and cash equivalents 563 5,853
Net change in cash and cash equivalents 45,572 1,725
Cash and cash equivalents at beginning of period 79,910 61,786
Cash and cash equivalents at end of period $ 125,482 $ 63,511