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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May. 31, 2015
May. 25, 2014
Cash Flows from Operating Activities:    
Net income $ 49,735 $ 60,612
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,471 53,399
Asset impairments 1,573 620
Gain on disposal of assets (8,617) (47)
Unrealized foreign exchange (gains) losses (2,072) 3,866
Realized loss (gain) on settlement of forward foreign exchange contracts not designated for hedge accounting 1,368 (6,769)
Employee benefit plans’ amortization from accumulated other comprehensive loss 8,548 7,438
Noncash restructuring charges [1] 387 5,176
Noncash loss on early extinguishment of debt 3,448 3,170
Amortization of deferred debt issuance costs 1,612 2,092
Stock-based compensation 7,848 5,301
Allowance for doubtful accounts 1,192 927
Change in operating assets and liabilities:    
Trade receivables 173,660 103,394
Inventories 18,582 (82,387)
Other current assets (1,100) (11,415)
Other non-current assets (4,162) (4,389)
Accounts payable and other accrued liabilities (85,738) (56,529)
Restructuring Liabilities (25,880) 50,599
Income tax liabilities (2,620) (1,732)
Accrued salaries, wages and employee benefits and long-term employee related benefits (72,301) (59,574)
Other long-term liabilities (13,853) (588)
Other, net 483 (741)
Net cash provided by operating activities 102,564 72,423
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (43,163) (35,320)
Proceeds from sales of assets 8,785 1,402
(Payments) proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting (1,368) 6,769
Acquisitions, net of cash acquired (251) (75)
Net cash used for investing activities (35,997) (27,224)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 500,000 0
Repayments of long-term debt and capital leases (526,490) (207,074)
Proceeds from senior revolving credit facility 265,000 100,000
Repayments of senior revolving credit facility (255,000) 0
Proceeds from short-term credit facilities 11,884 8,386
Repayments of short-term credit facilities (8,407) (6,417)
Short-term borrowings, net 310 (8,535)
Debt issuance costs (3,937) (2,684)
Restricted cash 1,110 596
Repurchase of common stock (2,221) (4,676)
Excess tax benefits from stock-based compensation 347 359
Dividend to stockholders (50,000) (30,003)
Net cash used for financing activities (67,404) (150,048)
Effect of exchange rate changes on cash and cash equivalents (12,784) 1,665
Net decrease in cash and cash equivalents (13,621) (103,184)
Beginning cash and cash equivalents 298,255 489,258
Ending cash and cash equivalents 284,634 386,074
Noncash Investing and Financing Items [Abstract]    
Capital Expenditures Incurred but Not yet Paid 10,035 4,255
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 42,526 59,759
Cash paid for income taxes during the period, net of refunds $ 33,619 $ 30,639
[1] Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefits" in the Company's consolidated balance sheets.