XML 55 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Nov. 27, 2011
Nov. 28, 2010
Nov. 29, 2009
Cash Flows from Operating Activities:      
Net income $ 135,112 $ 149,446 $ 150,712
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 117,793 104,896 84,603
Asset impairments 5,777 6,865 16,814
Gain on disposal of property, plant and equipment (2) (248) (175)
Unrealized foreign exchange (gains) losses (5,932) (17,662) 14,657
Realized loss on settlement of forward foreign exchange contracts not designated for hedge accounting 9,548 16,342 50,760
Employee benefit plans' amortization from accumulated other comprehensive loss (8,627) 3,580 (19,730)
Employee benefit plans' curtailment loss, net 129 106 1,643
Noncash (loss) gain on extinguishment of debt, net of write-off of unamortized debt issuance costs 226 (13,647) 0
Amortization of deferred debt issuance costs 4,345 4,332 4,344
Stock-based compensation 8,439 6,438 7,822
Allowance for doubtful accounts 4,634 7,536 7,246
Deferred income taxes 16,153 31,113 (5,128)
Change in operating assets and liabilities:      
Trade receivables (116,003) (30,259) 27,568
Inventories (6,848) (148,533) 113,014
Other current assets (39,231) (20,131) 5,626
Other non-current assets 4,780 (7,160) (11,757)
Accounts payable and other accrued liabilities (55,300) 39,886 (58,185)
Income tax liabilities (15,242) 6,330 (3,377)
Accrued salaries, wages and employee benefits and long-term employee related benefits (55,846) (12,128) 6,789
Other long-term liabilities (2,358) 19,120 (4,452)
Other, net 301 52 (11)
Net cash provided by operating activities 1,848 146,274 388,783
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (130,580) (154,632) (82,938)
Proceeds from sale of property, plant and equipment 171 1,549 939
Payments on settlement of forward foreign exchange contracts not designated for hedge accounting (9,548) (16,342) (50,760)
Acquisitions, net of cash acquired 0 (12,242) (100,270)
Other (1,000) (114) 0
Net cash used for investing activities (140,957) (181,781) (233,029)
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt 0 909,390 0
Repayments of long-term debt and capital leases (1,848) (866,051) (72,870)
Proceeds from senior revolving credit facility 305,000 0 0
Repayments of senior revolving credit facility (213,250) 0 0
Short-term borrowings, net 19,427 27,311 (2,704)
Debt issuance costs (7,307) (17,546) 0
Restricted cash (3,803) (700) (602)
Repurchase of common stock (489) (78) 0
Dividends to noncontrolling interest shareholders 0 0 (978)
Dividend to stockholders (20,023) (20,013) (20,001)
Net cash provided by (used for) financing activities 77,707 32,313 (97,155)
Effect of exchange rate changes on cash and cash equivalents (3,782) 2,116 1,393
Net (decrease) increase in cash and cash equivalents (65,184) (1,078) 59,992
Beginning cash and cash equivalents 269,726 270,804 210,812
Ending cash and cash equivalents 204,542 269,726 270,804
Cash paid during the period for:      
Interest 129,079 147,237 135,576
Income taxes $ 56,229 $ 52,912 $ 56,922