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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Cash flows from operating activities:    
Net income $ 58,303 $ 68,843
Less: Income from discontinued operations, net of tax 121 1,155
Income from continuing operations 58,182 67,688
Non-cash and other reconciling items:    
Depreciation 38,263 19,694
Amortization 25,506 1,930
Deferred income taxes (23,436) 6,412
Stock-based compensation 8,609 17,576
Other, net 4,902 10,714
Changes in (net of effects from businesses acquired):    
Receivables (32,409) (64,587)
Inventories (266,998) 182,240
Accounts payable 37,252 (164,777)
Accrued expenses and other, net 22,140 33,522
Net cash flows (used) provided by operating activities - continuing operations (127,989) 110,412
Net cash flows used by operating activities - discontinued operations   (110,548)
Net cash flows used by operating activities (127,989) (136)
Cash flows from financing activities:    
Repayment of notes   (300,000)
Borrowings (repayments) under accounts receivable securitization, net 28,000 (150,265)
Borrowings (repayment) of senior unsecured credit facility, net (92,471)  
Borrowings (repayments) under bank credit facilities and other debt, net (24,888) 669,803
Repurchases of common stock (68,113)  
Dividends paid on common stock (22,012) (21,676)
Other, net (579) 682
Net cash flows (used) provided by financing activities - continuing operations (180,063) 198,544
Net cash flows used by financing activities - discontinued operations   (4,756)
Net cash flows (used) provided by financing activities (180,063) 193,788
Cash flows from investing activities:    
Purchases of property, plant and equipment (26,659) (34,729)
Acquisitions of business, net of cash acquired (Note 2) 14,661  
Other, net 1,211 432
Net cash flows used for investing activities - continuing operations (40,109) (34,297)
Net cash flows provided (used) by investing activities - discontinued operations 45,391 (95)
Net cash flows provided (used) by investing activities 5,282 (34,392)
Effect of currency exchange rate changes on cash and cash equivalents 6,065 5,807
Cash and cash equivalents:    
Net change in cash and cash equivalents (296,705) 165,067
Cash and cash equivalents at beginning of period 836,384 1,031,478
Cash and cash equivalents at end of period $ 539,679 $ 1,196,545