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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2022
Mar. 26, 2021
Net Earnings $ 100,843 $ 105,687
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 15,570 14,515
Deferred income taxes 10,973 1,842
Share-based compensation 7,088 6,618
Change in    
Accounts receivable (14,296) (10,611)
Inventories (52,979) (27,541)
Trade accounts payable 9,216 9,323
Salaries and incentives (35,341) (6,949)
Retirement benefits and deferred compensation (136) 2,867
Other accrued liabilities (8,690) 4,493
Other (923) 1,425
Net cash provided by operating activities 31,325 101,669
Cash Flows From Investing Activities    
Property, plant and equipment additions (47,093) (21,415)
Acquisition of businesses, net of cash acquired (25,016) 0
Other (134) (34)
Net cash used in investing activities (72,243) (21,449)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net (3,420) 9,667
Payments on long-term debt (75,000) 0
Payments of debt issuance costs 0 1,404
Common stock issued 21,294 26,460
Common stock repurchased (108,706) 0
Taxes paid related to net share settlement of equity awards 1,219 0
Cash dividends paid (35,801) (31,642)
Net cash used in financing activities (202,852) 3,081
Effect of exchange rate changes on cash (45) (1,594)
Net increase (decrease) in cash and cash equivalents (243,815) 81,707
Cash and Cash Equivalents    
Beginning of year 624,302 378,909
End of period $ 380,487 $ 460,616