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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2020
Jun. 28, 2019
Net Earnings $ 101,650 $ 174,886
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 26,966 24,087
Deferred income taxes 1,366 (3,881)
Share-based compensation 15,445 17,548
Impairment 34,962 0
Change in    
Accounts receivable (19,705) (16,051)
Inventories (22,662) (13,157)
Trade accounts payable 342 4,603
Salaries and incentives (16,677) (18,514)
Retirement benefits and deferred compensation 6,134 5,780
Other accrued liabilities 12,578 (10,789)
Other 2,151 (690)
Net cash provided by operating activities 142,550 163,822
Cash Flows From Investing Activities    
Property, plant and equipment additions (32,613) (70,186)
Acquisition of businesses, net of cash acquired (27,173) (6,176)
Other (245) (828)
Net cash provided by (used in) investing activities (60,031) (77,190)
Cash Flows From Financing Activities    
Borrowings (payments) on short-term lines of credit, net (768) (3,767)
Borrowings on long-term lines of credit 250,000 23,944
Payments on long-term debt and lines of credit 0 (36,453)
Common stock issued 42,217 33,954
Common stock repurchased (102,143) (2,438)
Payment, Tax Withholding, Share-based Payment Arrangement 1,796 1,268
Cash dividends paid (58,490) (53,075)
Net cash provided by (used in) financing activities 129,020 (39,103)
Effect of exchange rate changes on cash 196 1,236
Net increase (decrease) in cash and cash equivalents 211,735 48,765
Cash and Cash Equivalents    
Beginning of year 220,973 132,118
End of period $ 432,708 $ 180,883