XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jul. 01, 2023
Jul. 02, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 131,416 $ 125,761
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 56,780 56,169
Amortization 8,725 9,998
Deferred income taxes (26,680) 7,644
Equity-based compensation expense 8,121 6,747
Gain on sale of business 0 (16,146)
Gain on sale of buildings (10,030) 0
Asset impairment and inventory write-down 1,654 19,335
Other 5,083 4,960
Changes in assets and liabilities providing (using) cash:    
Receivables (163,259) (58,668)
Inventories (102,782) (6,778)
Accounts payable 8,514 27,184
Contract advances and progress billings 65,746 35,867
Accrued expenses (30,697) (24,066)
Accrued income taxes 21,568 7,692
Net pension and post retirement liabilities 11,199 13,490
Other assets and liabilities (2,455) (24,925)
Net cash provided (used) by operating activities (17,097) 184,264
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired 0 (11,837)
Purchase of property, plant and equipment (125,074) (106,713)
Net proceeds from businesses sold 959 35,550
Net proceeds from buildings sold 19,702 0
Other investing transactions (9,482) (2,267)
Net cash used by investing activities (113,895) (85,267)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from revolving lines of credit 711,732 661,675
Payments on revolving lines of credit (536,826) (629,251)
Payments on long-term debt (219) (80,273)
Payments on finance lease obligations (3,449) (1,779)
Payment of dividends (25,459) (24,653)
Proceeds from sale of treasury stock 12,765 10,792
Purchase of outstanding shares for treasury (23,133) (30,485)
Proceeds from sale of stock held by SECT 9,863 7,586
Purchase of stock held by SECT (10,035) (11,484)
Other financing transactions (2,026) 0
Net cash provided (used) by financing activities 133,213 (97,872)
Effect of exchange rate changes on cash 3,950 (6,175)
Increase (decrease) in cash, cash equivalents and restricted cash 6,171 (5,050)
Cash, cash equivalents and restricted cash at beginning of period 119,233 100,914
Cash, cash equivalents and restricted cash at end of period 125,404 95,864
SUPPLEMENTAL CASH FLOW INFORMATION    
Treasury shares issued as compensation 4,174 4,482
Equipment and property acquired through lease financing $ 56,683 $ 32,000