XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 56,209 $ 54,493
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation 23,248 19,178
Amortization of intangibles 2,377 1,285
Expense associated with share-based compensation arrangements 1,282 977
Expense associated with stock grant plans 99 70
Deferred income taxes (credits) 355 55
Equity in earnings of investee (26) (192)
Net loss on disposition and impairment of assets (328) 50
Changes in:    
Accounts receivable (101,239) (95,198)
Inventories (26,979) 7,564
Accounts payable and cash overdraft 38,146 31,320
Accrued liabilities and other 22,067 20,439
NET CASH FROM OPERATING ACTIVITIES 15,211 40,041
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (34,549) (24,269)
Proceeds from sale of property, plant and equipment 1,039 309
Acquisitions, net of cash received (59,658) (1,682)
Purchase of remaining noncontrolling interest, net of cash received   (1,100)
Cash contributed from noncontrolling interest 464  
Advances of notes receivable (228) (2,946)
Collections on notes receivable 1,041 3,731
Purchases of investments (15,118) (3,571)
Proceeds from sale of investments 7,247 901
Other (125) (736)
NET CASH USED IN INVESTING ACTIVITIES (99,887) (29,363)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facilities 444,601 3,162
Repayments under revolving credit facilities (349,311) (3,210)
Proceeds from issuance of common stock 331 290
Dividends paid to shareholders (9,207) (8,529)
Distributions to noncontrolling interest (1,953) (1,731)
Repurchase of common stock (9,934)  
Other (6) (15)
NET CASH FROM (USED IN) FINANCING ACTIVITIES 74,521 (10,033)
Effect of exchange rate changes on cash 1,196 (561)
NET CHANGE IN CASH AND CASH EQUIVALENTS (8,959) 84
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR 34,489 88,342
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD $ 25,530 $ 88,426