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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net Earnings $ 122,199 $ 129,166
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 19,516 17,987
Deferred income taxes 6,041 230
Share-based compensation 10,549 8,914
Change in    
Accounts receivable 28,828 (8,519)
Inventories (23,242) (18,959)
Trade accounts payable 8,038 (3,802)
Salaries and incentives (23,186) (21,303)
Retirement benefits and deferred compensation 1,813 1,156
Other accrued liabilities (24,103) (10,787)
Other (7,530) (3,254)
Net cash provided by operating activities 118,923 90,829
Cash Flows From Investing Activities    
Property, plant and equipment additions (37,192) (38,290)
Other 5,572 (352)
Net cash used in investing activities (31,620) (38,642)
Cash Flows From Financing Activities    
Borrowings on short-term lines of credit, net 233 20,721
Payments of debt issuance costs 0 (6)
Common stock issued 45,368 31,026
Common stock repurchased 0 (7,766)
Taxes paid related to net share settlement of equity awards (4,611) (1,225)
Cash dividends paid (42,854) (39,431)
Net cash (used in) provided by financing activities (1,864) 3,319
Effect of exchange rate changes on cash (662) 611
Net increase in cash and cash equivalents 84,777 56,117
Cash and Cash Equivalents    
Beginning of year 537,951 339,196
End of period $ 622,728 $ 395,313