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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2024
Dec. 02, 2023
Dec. 03, 2022
Cash flows from operating activities:      
Net income including non-controlling interest $ 130,395 $ 144,988 $ 180,407
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:      
Depreciation 91,054 80,327 72,593
Amortization 83,656 79,514 74,383
Deferred income taxes (36,186) (25,114) (15,230)
(Income) loss from equity method investments, net of dividends received (537) 1,259 (9)
Foreign currency remeasurement 9,724 (28,011) 6,213
Loss on impairment of assets held for sale 47,267 0 0
Loss on impairment of equity investment 1,966 0 0
Gain from insurance proceeds (4,871) 0 0
(Gain) loss on disposal of assets (501) 59 (1,195)
Share-based compensation 21,914 19,911 24,368
Pension and other postretirement benefit plan contributions (2,909) (4,346) (3,009)
Pension and other postretirement benefit plan income (14,444) (18,591) (24,021)
Debt issuance cost write-off 0 2,689 0
(Gain) loss on fair value adjustment on contingent consideration liabilities (500) 2,893 0
Change in assets and liabilities, net of effects of acquisitions:      
Trade receivables, net 10,749 68,721 (24,753)
Inventories (30,099) 72,576 (55,772)
Other assets (17,465) (7,927) 46,499
Trade payables 47,915 (57,752) (22,629)
Accrued compensation 12,653 (13,836) 1,135
Other accrued expenses 6,008 (3,070) 6,303
Income taxes payable (23,090) 41,190 (12,873)
Other liabilities (30,262) 22,918 4,104
Net cash provided by operating activities 302,437 378,398 256,514
Cash flows from investing activities:      
Purchased property, plant and equipment (139,238) (119,137) (129,964)
Purchased businesses, net of cash acquired (273,863) (205,093) (250,807)
Proceeds from sale of property, plant and equipment 1,152 5,029 1,556
Proceeds from insurance recoveries 4,871 0 0
Cash received from government grant 0 0 3,928
Net cash used in investing activities (407,078) (319,201) (375,287)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 1,932,900 2,233,300 335,000
Repayment of long-term debt (1,764,870) (2,126,450) (159,500)
Payment of debt issue costs (3,493) (10,214) (600)
Net (payment on) proceeds from notes payable (1,219) (28,674) 3,455
Dividends paid (47,598) (43,395) (39,207)
Contingent consideration payment 0 (1,477) (5,000)
Proceeds from stock options exercised 35,927 14,619 30,122
Repurchases of common stock (39,558) (2,567) (3,950)
Net cash provided by financing activities 112,089 35,142 160,320
Effect of exchange rate changes on cash and cash equivalents (17,549) 5,204 (23,423)
Net change in cash and cash equivalents (10,101) 99,543 18,124
Cash and cash equivalents at beginning of year 179,453 79,910 61,786
Cash and cash equivalents at end of year 169,352 179,453 79,910
Supplemental disclosure of cash flow information:      
Dividends paid with company stock 404 363 348
Cash paid for interest, net of amount capitalized of $1,859, $1,769, and $1,518 for the years ended November 30, 2024, December 2, 2023 and December 3, 2022, respectively 134,743 136,959 83,527
Cash paid for income taxes, net of refunds $ 123,091 $ 71,261 $ 73,449