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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 02, 2023
Dec. 03, 2022
Nov. 27, 2021
Cash flows from operating activities:      
Net income including non-controlling interest $ 144,988 $ 180,407 $ 161,475
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:      
Depreciation 80,327 72,593 72,106
Amortization 79,514 74,383 71,068
Deferred income taxes (25,114) (15,230) 16,192
Income from equity method investments, net of dividends received 1,259 (9) 2,776
Loss (gain) on sale of assets 59 (1,195) 648
Share-based compensation 19,911 24,368 22,366
Pension and other postretirement benefit plan contributions (4,346) (3,009) (3,840)
Pension and other postretirement benefit plan income (18,591) (24,021) (28,662)
Debt issuance cost write-off 2,689 0 0
Loss on fair value adjustment on contingent consideration liabilities 2,893 0 2,300
Change in assets and liabilities, net of effects of acquisitions:      
Trade receivables, net 68,721 (24,753) (124,849)
Inventories 72,576 (55,772) (135,351)
Other assets (7,927) 46,499 (79,097)
Trade payables (57,752) (22,629) 176,337
Accrued compensation (13,836) 1,135 27,741
Other accrued expenses (3,070) 6,303 1,186
Income taxes payable 41,190 (12,873) (4,137)
Other liabilities 22,918 4,104 (73,508)
Other (28,011) 6,213 108,566
Net cash provided by operating activities 378,398 256,514 213,317
Cash flows from investing activities:      
Purchased property, plant and equipment (119,137) (129,964) (96,089)
Purchased businesses, net of cash acquired (205,093) (250,807) (5,445)
Proceeds from sale of property, plant and equipment 5,029 1,556 2,896
Cash received from government grant 0 3,928 5,800
Cash outflow related to government grant 0 0 (1,822)
Net cash used in investing activities (319,201) (375,287) (94,660)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 2,233,300 335,000 0
Repayment of long-term debt (2,126,450) (159,500) (156,500)
Payment of debt issue costs (10,214) (600) 0
Net (payment on) proceeds from notes payable (28,674) 3,455 9,346
Dividends paid (43,395) (39,207) (34,859)
Contingent consideration payment (1,477) (5,000) (1,700)
Proceeds from stock options exercised 14,619 30,122 32,325
Repurchases of common stock (2,567) (3,950) (2,682)
Net cash provided by (used in) financing activities 35,142 160,320 (154,070)
Effect of exchange rate changes on cash and cash equivalents 5,204 (23,423) (3,335)
Net change in cash and cash equivalents 99,543 18,124 (38,748)
Cash and cash equivalents at beginning of year 79,910 61,786 100,534
Cash and cash equivalents at end of year 179,453 79,910 61,786
Supplemental disclosure of cash flow information:      
Dividends paid with company stock 363 348 339
Cash paid for interest, net of amount capitalized of $1,769, $1,518, and $905 for the years ended December 2, 2023, December 3, 2022 and November 27, 2021, respectively 136,959 83,527 62,753
Cash paid for income taxes, net of refunds $ 71,261 $ 73,449 $ 72,955