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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2020
Mar. 29, 2019
Net Earnings $ 72,818 $ 86,749
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 13,062 12,013
Deferred income taxes (65) (2,215)
Share-based compensation 6,318 7,221
Change in    
Accounts receivable (10,139) (13,874)
Inventories (17,726) (13,547)
Trade accounts payable 5,185 8,043
Salaries and incentives (20,182) (23,692)
Retirement benefits and deferred compensation 3,172 3,547
Other accrued liabilities 1,441 (11,437)
Other 349 (2,262)
Net cash provided by operating activities 54,233 50,546
Cash Flows From Investing Activities    
Property, plant and equipment additions (18,944) (30,433)
Acquisition of businesses, net of cash acquired 0 (5,353)
Other (256) (367)
Net cash provided by (used in) investing activities (19,200) (36,153)
Cash Flows From Financing Activities    
Borrowings (payments) on short-term lines of credit, net 24,576 (3,596)
Borrowings on long-term lines of credit 250,000 16,057
Payments on long-term debt and lines of credit 0 (34,540)
Common stock issued 38,882 24,847
Common stock repurchased (82,176) (2,438)
Payment, Tax Withholding, Share-based Payment Arrangement 1,796 1,268
Cash dividends paid (29,333) (26,438)
Net cash provided by (used in) financing activities 200,153 (27,376)
Effect of exchange rate changes on cash 497 576
Net increase (decrease) in cash and cash equivalents 235,683 (12,407)
Cash, Cash Equivalents and Restricted Cash    
Beginning of year 220,973 132,118
End of period $ 456,656 $ 119,711