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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 01, 2024
Jun. 03, 2023
Cash flows from operating activities:    
Net income including non-controlling interest $ 82,309 $ 62,338
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:    
Depreciation 45,099 39,163
Amortization 39,574 37,813
Deferred income taxes (24,117) (16,831)
Income from equity method investments, net of dividends received (1,644) (2,338)
Debt issuance costs write-off 0 2,689
Loss on fair value adjustment on contingent consideration liability 0 (220)
Gain on sale or disposal of assets (166) (42)
Share-based compensation 11,930 10,953
Pension and other post-retirement benefit plan activity (4,370) (6,226)
Change in assets and liabilities, net of effects of acquisitions:    
Trade receivables, net 22,639 66,896
Inventories (56,512) 8,285
Other assets (22,328) (36,951)
Trade payables 38,781 (20,301)
Accrued compensation (16,424) (42,190)
Other accrued expenses (7,002) (9,988)
Income taxes payable (11,218) 10,025
Other liabilities (1,786) 18,819
Other 34,210 (13,497)
Net cash provided by operating activities 128,975 108,397
Cash flows from investing activities:    
Purchased property, plant and equipment (90,181) (82,578)
Purchased businesses, net of cash acquired (254,287) (103,744)
Proceeds from sale of property, plant and equipment 694 2,623
Net cash used in investing activities (343,774) (183,699)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 1,497,000 1,300,000
Repayment of long-term debt (1,305,500) (1,176,650)
Payment of debt issuance costs (3,493) (10,214)
Net payment of notes payable (376) (239)
Dividends paid (23,295) (21,258)
Proceeds from stock options exercised 18,289 4,193
Repurchases of common stock (21,809) (2,552)
Net cash provided by financing activities 160,816 93,280
Effect of exchange rate changes on cash and cash equivalents (10,647) 5,295
Net change in cash and cash equivalents (64,630) 23,273
Cash and cash equivalents at beginning of period 179,453 79,910
Cash and cash equivalents at end of period $ 114,823 $ 103,183