XML 18 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Net Earnings $ 129,166 $ 100,843
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 17,987 15,570
Deferred income taxes 230 10,973
Share-based compensation 8,914 7,088
Change in    
Accounts receivable (8,519) (14,296)
Inventories (18,959) (52,979)
Trade accounts payable (3,802) 9,216
Salaries and incentives (21,303) (35,341)
Retirement benefits and deferred compensation 1,156 (136)
Other accrued liabilities (10,787) (8,690)
Other (3,254) (923)
Net cash provided by operating activities 90,829 31,325
Cash Flows From Investing Activities    
Property, plant and equipment additions (38,290) (47,093)
Acquisition of businesses, net of cash acquired 0 (25,016)
Other (352) (134)
Net cash used in investing activities (38,642) (72,243)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net 20,721 (3,420)
Payments on long-term debt 0 (75,000)
Payments of debt issuance costs 6 0
Common stock issued 31,026 21,294
Common stock repurchased (7,766) (108,706)
Taxes paid related to net share settlement of equity awards (1,225) (1,219)
Cash dividends paid (39,431) (35,801)
Net cash provided (used) in financing activities 3,319 (202,852)
Effect of exchange rate changes on cash 611 (45)
Net increase (decrease) in cash and cash equivalents 56,117 (243,815)
Cash and Cash Equivalents    
Beginning of year 339,196 624,302
End of period $ 395,313 $ 380,487