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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2021
Jun. 26, 2020
Net Earnings $ 215,805 $ 101,650
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 29,812 26,966
Deferred income taxes (10,313) 1,366
Share-based compensation 13,745 15,445
Impairment 0 34,962
Change in    
Accounts receivable (38,747) (19,705)
Inventories (51,359) (22,662)
Trade accounts payable 14,496 342
Salaries and incentives 8,334 (16,677)
Retirement benefits and deferred compensation 5,980 6,134
Other accrued liabilities 32,399 12,578
Other (105) 2,151
Net cash provided by operating activities 220,047 142,550
Cash Flows From Investing Activities    
Property, plant and equipment additions (54,759) (32,613)
Acquisition of businesses, net of cash acquired (19,322) (27,173)
Other (112) (245)
Net cash used in investing activities (74,193) (60,031)
Cash Flows From Financing Activities    
Borrowings (payments) on short-term lines of credit, net (9,282) (768)
Borrowings on long-term lines of credit 0 250,000
Payments on long-term debt and lines of credit (70) 0
Payments of Debt Issuance Costs 1,422 0
Common stock issued 33,216 42,217
Common stock repurchased 0 (102,143)
Payment, Tax Withholding, Share-based Payment Arrangement 0 1,796
Cash dividends paid (63,414) (58,490)
Net cash provided by financing activities (40,972) 129,020
Effect of exchange rate changes on cash (1,004) 196
Net increase (decrease) in cash and cash equivalents 103,878 211,735
Cash and Cash Equivalents    
Beginning of year 378,909 220,973
End of period $ 482,787 $ 432,708