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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2015
Jun. 27, 2014
Cash Flows From Operating Activities    
Net Earnings $ 241,478 $ 116,981
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 21,969 18,327
Deferred income taxes (11,324) (5,710)
Share-based compensation 10,990 9,818
Excess tax benefit related to share-based payment arrangements (700) (2,300)
(Gain) loss on sale of business (147,261) 0
Change in    
Accounts receivable (33,934) (42,019)
Inventories (24,540) (9,806)
Trade accounts payable 7,879 6,219
Salaries and incentives (8,230) (9,670)
Retirement benefits and deferred compensation 6,094 2,749
Other accrued liabilities 56,035 3,916
Other (21,792) (4,476)
Net cash provided by operating activities 96,664 84,029
Cash Flows From Investing Activities    
Property, plant and equipment additions (19,886) (17,062)
Proceeds from sale of assets 589,808 0
Acquisition of businesses, net of cash acquired (187,853) (65,219)
Investment in businesses held separate 0 530
Other (250) (599)
Net cash provided by (used in) investing activities 381,819 (82,350)
Cash Flows From Financiing Activities:    
Borrowings (payments) on short-term lines of credit, net 5,336 2,659
Borrowings on long-term line of credit 458,540 325,665
Payments on long-term line of credit (773,130) (211,275)
Payments of debt issuance costs 0 (890)
Excess tax benefit related to share-based payment arrangements 700 2,300
Common stock issued 14,511 17,792
Common stock repurchased (130,635) (93,820)
Cash dividends paid (35,339) (33,485)
Net cash provided by (used in) financing activities (460,017) 8,946
Effect of exchange rate changes on cash 2,136 (813)
Net increase (decrease) in cash and cash equivalents 20,602 9,812
Cash and cash equivalents:    
Beginning of year 23,656 19,756
End of period $ 44,258 $ 29,568