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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 02, 2023
Aug. 27, 2022
Cash flows from operating activities:    
Net income including non-controlling interest $ 99,987 $ 132,077
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:    
Depreciation 60,518 54,297
Amortization 58,633 55,088
Deferred income taxes (30,064) (4,968)
Income from equity method investments, net of dividends received 260 1,420
Debt issuance costs write-off 2,689 0
Loss on fair value adjustment on contingent consideration liability 2,893 0
Gain on sale or disposal of assets (78) (1,130)
Share-based compensation 16,279 20,358
Pension and other post-retirement benefit plan activity (8,890) (15,324)
Change in assets and liabilities, net of effects of acquisitions:    
Trade receivables, net 79,495 (51,629)
Inventories 38,212 (112,390)
Other assets (30,901) (40,329)
Trade payables (74,443) 17,381
Accrued compensation (33,796) (17,275)
Other accrued expenses (6,992) 1,614
Income taxes payable 24,461 10,201
Other liabilities 12,408 (35,940)
Other 6,023 35,246
Net cash provided by operating activities 216,694 48,697
Cash flows from investing activities:    
Purchased property, plant and equipment (109,545) (98,352)
Purchased businesses, net of cash acquired (194,248) (242,870)
Proceeds from sale of property, plant and equipment 4,257 1,281
Cash received from government grant 0 3,928
Net cash used in investing activities (299,536) (336,013)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 1,333,000 335,000
Repayment of long-term debt (1,184,900) (15,000)
Payment of debt issuance costs (10,214) (600)
Net payment of notes payable (18,000) 6,707
Dividends paid (32,319) (29,067)
Contingent consideration payment 0 (5,000)
Proceeds from stock options exercised 11,251 13,522
Repurchases of common stock (2,560) (3,885)
Net cash provided by financing activities 96,258 301,677
Effect of exchange rate changes on cash and cash equivalents 1,608 (15,439)
Net change in cash and cash equivalents 15,024 (1,078)
Cash and cash equivalents at beginning of period 79,910 61,786
Cash and cash equivalents at end of period $ 94,934 $ 60,708