XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 30, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 86,428 $ 15,264
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 36,074 35,536
Amortization 7,212 9,425
Deferred income taxes 2,182 30,709
Equity-based compensation expense 3,691 3,500
Impairment of long-lived assets and inventory write-down associated with restructuring 0 21,811
Other 1,331 2,960
Changes in assets and liabilities providing (using) cash:    
Receivables (16,621) (30,111)
Inventories (44,428) (20,685)
Accounts payable 11,158 11,351
Customer advances 17,127 5,547
Accrued expenses (6,715) 10,558
Accrued income taxes (1,767) 4,953
Net pension and post retirement liabilities 13,039 (70,309)
Other assets and liabilities 137 14,721
Net cash provided by operating activities 108,848 45,230
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired 0 (42,116)
Purchase of property, plant and equipment (59,971) (43,924)
Other investing transactions 2,447 (3,710)
Net cash (used) by investing activities (57,524) (89,750)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net short-term repayments (3,560) 0
Proceeds from revolving lines of credit 327,300 209,500
Payments on revolving lines of credit (361,300) (269,610)
Proceeds from long-term debt 0 10,000
Payments on long-term debt (167) (20,614)
Payments of dividends (17,430) 0
Proceeds from sale of treasury stock 2,443 2,451
Purchase of outstanding shares for treasury (16,319) (5,118)
Proceeds from sale of stock held by SECT 9,479 1,941
Purchase of stock held by SECT (7,354) (7,914)
Net cash (used) by financing activities (66,908) (79,364)
Effect of exchange rate changes on cash (50) 11,418
Increase (decrease) in cash, cash equivalents and restricted cash (15,634) (112,466)
Cash, cash equivalents and restricted cash at beginning of period 127,706 386,969
Cash, cash equivalents and restricted cash at end of period 112,072 274,503
SUPPLEMENTAL CASH FLOW INFORMATION    
Treasury shares issued as compensation 11,795 0
Capital Expenditures Incurred but Not yet Paid $ 148 $ 0