XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 02, 2024
Mar. 04, 2023
Cash flows from operating activities:    
Net income including non-controlling interest $ 31,012 $ 21,916
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:    
Depreciation 23,168 19,248
Amortization 20,355 18,683
Deferred income taxes (5,658) (5,746)
Income from equity method investments, net of dividends received (1,044) (1,180)
Debt issuance costs write-off 0 2,689
Loss on fair value adjustment on contingent consideration liability 0 139
Gain on sale or disposal of assets (86) (4)
Share-based compensation 5,088 4,527
Pension and other post-retirement benefit plan activity (2,126) (3,476)
Change in assets and liabilities, net of effects of acquisitions:    
Trade receivables, net 56,886 55,407
Inventories (50,189) (33,800)
Other assets (9,064) (28,947)
Trade payables 27,640 8,996
Accrued compensation (31,862) (57,000)
Other accrued expenses (12,040) (6,414)
Income taxes payable (5,121) (2,235)
Other liabilities (399) (3,085)
Other 791 15,827
Net cash provided by operating activities 47,351 5,545
Cash flows from investing activities:    
Purchased property, plant and equipment (43,293) (47,604)
Purchased businesses, net of cash acquired 0 (16,723)
Proceeds from sale of property, plant and equipment 568 611
Net cash used in investing activities (42,725) (63,716)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 195,000 1,300,000
Repayment of long-term debt (203,250) (1,176,650)
Payment of debt issuance costs 0 (10,214)
Net payment of notes payable (276) (881)
Dividends paid (11,151) (10,222)
Proceeds from stock options exercised 8,977 3,595
Repurchases of common stock (6,208) (2,448)
Net cash (used in) provided by financing activities (16,908) 103,180
Effect of exchange rate changes on cash and cash equivalents (1,922) 563
Net change in cash and cash equivalents (14,204) 45,572
Cash and cash equivalents at beginning of period 179,453 79,910
Cash and cash equivalents at end of period $ 165,249 $ 125,482