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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2020
Sep. 27, 2019
Net Earnings $ 215,765 $ 259,018
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 40,714 36,401
Deferred income taxes (653) (6,067)
Share-based compensation 21,434 23,186
Impairment 35,229 0
Change in    
Accounts receivable (48,733) (2,906)
Inventories (13,506) (5,052)
Trade accounts payable 6,547 (776)
Salaries and incentives (10,493) (15,422)
Retirement benefits and deferred compensation 9,734 10,206
Other accrued liabilities 4,868 198
Other 1,813 695
Net cash provided by operating activities 262,719 299,481
Cash Flows From Investing Activities    
Property, plant and equipment additions (45,756) (102,496)
Acquisition of businesses, net of cash acquired (27,557) (19,216)
Other (70) (961)
Net cash provided by (used in) investing activities (73,383) (122,673)
Cash Flows From Financing Activities    
Borrowings (payments) on short-term lines of credit, net 21,506 (6,240)
Borrowings on long-term lines of credit 250,000 106,454
Payments on long-term debt and lines of credit (125,000) (179,270)
Common stock issued 57,949 36,244
Common stock repurchased (102,143) (5,121)
Payment, Tax Withholding, Share-based Payment Arrangement 1,797 1,268
Cash dividends paid (87,665) (79,762)
Net cash provided by (used in) financing activities 12,850 (128,963)
Effect of exchange rate changes on cash 1,515 (2,657)
Net increase (decrease) in cash and cash equivalents 203,701 45,188
Cash and Cash Equivalents    
Beginning of year 220,973 132,118
End of period $ 424,674 $ 177,306