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Consolidated Condensed Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net earnings $ 107,815 $ 89,029
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:    
Depreciation 42,276 36,810
Amortization 5,296 5,862
Deferred income taxes (17,805) (9,970)
Equity-based compensation expense 7,212 5,765
Gain on sale of buildings 0 (10,030)
Asset impairment and inventory write-down 6,925 1,219
Other 2,207 3,292
Changes in assets and liabilities providing (using) cash:    
Receivables 17,469 (10,836)
Unbilled receivables (86,197) (65,840)
Inventories (77,396) (72,346)
Accounts payable 1,847 1,971
Contract advances and progress billings 24,512 17,067
Accrued expenses 903 (33,030)
Accrued income taxes 10,833 11,965
Net pension and post retirement liabilities 5,687 7,119
Other assets and liabilities (35,195) (11,063)
Net cash provided (used) by operating activities 16,389 (33,016)
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of businesses, net of cash acquired (5,911) 0
Purchase of property, plant and equipment (77,530) (89,743)
Net proceeds from businesses sold 0 959
Net proceeds from buildings sold 0 18,825
Other investing transactions (515) (4,241)
Net cash used by investing activities (83,956) (74,200)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from revolving lines of credit 509,500 503,232
Payments on revolving lines of credit (425,000) (381,300)
Payments on long-term debt 0 (188)
Payments on finance lease obligations (2,741) (1,899)
Payment of dividends (17,572) (16,859)
Proceeds from sale of treasury stock 7,579 9,148
Purchase of outstanding shares for treasury (20,238) (20,457)
Proceeds from sale of stock held by SECT 15,788 9,795
Purchase of stock held by SECT (9,407) (7,221)
Other financing transactions 0 (2,024)
Net cash provided by financing activities 57,909 92,227
Effect of exchange rate changes on cash 245 5,410
Decrease in cash, cash equivalents and restricted cash (9,413) (9,579)
Cash, cash equivalents and restricted cash at beginning of period 69,144 119,233
Cash, cash equivalents and restricted cash at end of period 59,731 109,654
SUPPLEMENTAL CASH FLOW INFORMATION    
Treasury shares issued as compensation 5,325 4,174
Assets acquired through lease financing $ 18,160 $ 11,007