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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 25, 2020
Dec. 27, 2019
Cash Flows From Operating Activities      
Net Earnings $ 439,866 $ 330,456 $ 343,853
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 59,325 55,329 48,911
Deferred income taxes (46,572) 10,747 (6,411)
Share-based compensation 24,931 25,153 26,669
Impairment of Long-Lived Assets to be Disposed of 0 35,229 0
Change in      
Accounts receivable (13,801) (43,122) 8,934
Inventories (97,780) (13,086) 12,435
Trade accounts payable 12,397 6,820 (539)
Salaries and incentives 29,089 (2,622) (14,069)
Retirement benefits and deferred compensation 1,219 (6,703) 13,264
Other accrued liabilities 51,342 (3,772) (11,510)
Other (3,120) (394) (2,803)
Net cash provided by operating activities 456,896 394,035 418,734
Cash Flows From Investing Activities      
Property, plant and equipment additions (133,566) (71,338) (127,953)
Acquisition of businesses, net of cash acquired (19,386) (27,557) (26,577)
Other (347) (143) (939)
Net cash provided by (used in) investing activities (153,299) (99,038) (155,469)
Cash Flows From Financing Activities      
Borrowings (payments) on short-term lines of credit, net 20,497 (1,986) (3,341)
Borrowings on long-term lines of credit 0 250,000 105,423
Payments on long-term debt and lines of credit (70) (250,000) (207,191)
Payments of Debt Issuance Costs (1,422) 0 0
Common stock issued 50,963 83,438 48,250
Common stock repurchased 0 (102,143) (9,482)
Taxes paid related to net share settlement of equity awards 0 (1,797) (1,268)
Cash dividends paid (127,110) (116,983) (106,443)
Net cash provided by (used in) financing activities (57,142) (139,471) (174,052)
Effect of exchange rate changes on cash (1,062) 2,410 (358)
Net increase (decrease) in cash and cash equivalents 245,393 157,936 88,855
Cash, Cash Equivalents and Restricted Cash      
Beginning of year 378,909 220,973 132,118
End of year $ 624,302 $ 378,909 $ 220,973