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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2022
Jun. 25, 2021
Net Earnings $ 218,221 $ 215,805
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 31,453 29,812
Deferred income taxes 14,743 (10,313)
Share-based compensation 14,386 13,745
Change in    
Accounts receivable (56,263) (38,747)
Inventories (70,879) (51,359)
Trade accounts payable 8,369 14,496
Salaries and incentives (29,201) 8,334
Retirement benefits and deferred compensation 349 5,980
Other accrued liabilities (386) 32,399
Other 4,193 (105)
Net cash provided by operating activities 134,985 220,047
Cash Flows From Investing Activities    
Property, plant and equipment additions (88,861) (54,759)
Acquisition of businesses, net of cash acquired (25,296) (19,322)
Other (397) (112)
Net cash used in investing activities (114,554) (74,193)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net 13,830 (9,282)
Payments on long-term debt (75,000) (70)
Payments of debt issuance costs 0 1,422
Common stock issued 23,410 33,216
Common stock repurchased (120,021) 0
Taxes paid related to net share settlement of equity awards (1,219) 0
Cash dividends paid (71,341) (63,414)
Net cash used in financing activities (230,341) (40,972)
Effect of exchange rate changes on cash (1,033) (1,004)
Net increase (decrease) in cash and cash equivalents (210,943) 103,878
Cash and Cash Equivalents    
Beginning of year 624,302 378,909
End of period $ 413,359 $ 482,787