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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2021
Mar. 27, 2020
Net Earnings $ 105,687 $ 72,818
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 14,515 13,062
Deferred income taxes 1,842 (65)
Share-based compensation 6,618 6,318
Change in    
Accounts receivable (10,611) (10,139)
Inventories (27,541) (17,726)
Trade accounts payable 9,323 5,185
Salaries and incentives (6,949) (20,182)
Retirement benefits and deferred compensation 2,867 3,172
Other accrued liabilities 4,493 1,441
Other 1,425 349
Net cash provided by operating activities 101,669 54,233
Cash Flows From Investing Activities    
Property, plant and equipment additions (21,415) (18,944)
Other (34) (256)
Net cash used in investing activities (21,449) (19,200)
Cash Flows From Financing Activities    
Borrowings (payments) on short-term lines of credit, net 9,667 24,576
Borrowings on long-term lines of credit 0 250,000
Payments of Debt Issuance Costs 1,404 0
Common stock issued 26,460 38,882
Common stock repurchased 0 (82,176)
Payment, Tax Withholding, Share-based Payment Arrangement 0 1,796
Cash dividends paid (31,642) (29,333)
Net cash provided by financing activities 3,081 200,153
Effect of exchange rate changes on cash (1,594) 497
Net increase (decrease) in cash and cash equivalents 81,707 235,683
Cash and Cash Equivalents    
Beginning of year 378,909 220,973
End of period $ 460,616 $ 456,656