GUARANTOR/NON-GUARANTOR FINANCIAL INFORMATION (Details 5) (USD $) In Thousands, unless otherwise specified
|
1 Months Ended |
3 Months Ended |
9 Months Ended |
Feb. 28, 2013
|
Sep. 28, 2013
|
Sep. 29, 2012
|
Sep. 28, 2013
|
Sep. 29, 2012
|
Cash flows from operating activities: |
|
|
|
|
|
Net earnings |
|
$ 58,891 |
$ 58,442 |
$ 228,347 |
$ 172,189 |
Adjustments to reconcile net earnings to net cash flows from operations: |
|
|
|
|
|
Depreciation and amortization |
|
|
|
57,417 |
52,262 |
Stock-based compensation |
|
|
|
4,999 |
4,517 |
Defined benefit pension plan expense |
|
|
|
4,870 |
3,076 |
Contribution to defined benefit pension plan |
|
|
|
(16,755) |
(11,591) |
Gain on sale of property, plant and equipment |
|
|
|
(5,060) |
(187) |
Equity in earnings in nonconsolidated subsidiaries |
|
|
|
(548) |
(5,311) |
Deferred income taxes |
|
|
|
(1,275) |
(3,937) |
Changes in assets and liabilities (net of acquisitions): |
|
|
|
|
|
Receivables |
|
|
|
(757) |
(46,663) |
Inventories |
|
|
|
(14,574) |
(36,507) |
Prepaid expenses |
|
|
|
(7,041) |
(3,657) |
Accounts payable |
|
|
|
1,161 |
(35) |
Accrued expenses |
|
|
|
16,931 |
15,989 |
Other noncurrent liabilities |
|
|
|
2,510 |
(723) |
Income taxes payable (refundable) |
|
|
|
(21,120) |
(21,740) |
Net cash flows from operating activities |
|
|
|
249,105 |
117,682 |
Cash flows from investing activities: |
|
|
|
|
|
Purchase of property, plant and equipment |
|
|
|
(75,072) |
(58,700) |
Proceeds from sale of assets |
29,250 |
|
|
39,564 |
5,597 |
Acquisitions, net of cash acquired |
|
|
|
(53,152) |
|
Other, net |
|
|
|
1,231 |
80 |
Net cash flows from investing activities |
|
|
|
(87,429) |
(53,023) |
Cash flows from financing activities: |
|
|
|
|
|
Net borrowings under short-term agreements |
|
|
|
3,439 |
4,096 |
Proceeds from long-term borrowings |
|
|
|
274 |
39,126 |
Principal payments on long-term borrowings |
|
|
|
(508) |
(39,280) |
Proceeds from sale of partial ownership interest |
|
|
|
|
1,404 |
Dividends paid |
|
|
|
(18,717) |
(15,530) |
Dividends to noncontrolling interest |
|
|
|
(1,767) |
(1,379) |
Debt issuance costs |
|
|
|
|
(1,703) |
Proceeds from exercises under stock plans |
|
|
|
15,064 |
19,527 |
Excess tax benefits from stock option exercises |
|
|
|
4,630 |
4,212 |
Purchase of common treasury shares - stock plan exercises: |
|
|
|
(14,644) |
(19,116) |
Net cash flows from financing activities |
|
|
|
(12,229) |
(8,643) |
Effect of exchange rate changes on cash and cash equivalents |
|
|
|
(20,207) |
8,170 |
Net change in cash and cash equivalents |
|
|
|
129,240 |
64,186 |
Cash and cash equivalents-beginning of year |
|
|
|
414,129 |
362,894 |
Cash and cash equivalents-end of period |
|
543,369 |
427,080 |
543,369 |
427,080 |
Parent
|
|
|
|
|
|
Cash flows from operating activities: |
|
|
|
|
|
Net earnings |
|
56,489 |
56,731 |
223,621 |
169,036 |
Adjustments to reconcile net earnings to net cash flows from operations: |
|
|
|
|
|
Depreciation and amortization |
|
|
|
15,252 |
14,183 |
Stock-based compensation |
|
|
|
4,999 |
4,517 |
Gain on sale of property, plant and equipment |
|
|
|
354 |
(66) |
Equity in earnings in nonconsolidated subsidiaries |
|
|
|
(341) |
(461) |
Deferred income taxes |
|
|
|
(7,473) |
(3,832) |
Changes in assets and liabilities (net of acquisitions): |
|
|
|
|
|
Receivables |
|
|
|
8,737 |
(5,806) |
Inventories |
|
|
|
3,146 |
1,705 |
Prepaid expenses |
|
|
|
(1,148) |
(741) |
Accounts payable |
|
|
|
(11,968) |
(14,260) |
Accrued expenses |
|
|
|
17,944 |
16,577 |
Other noncurrent liabilities |
|
|
|
5,987 |
532 |
Income taxes payable (refundable) |
|
|
|
(19,833) |
(19,897) |
Net cash flows from operating activities |
|
|
|
239,277 |
161,487 |
Cash flows from investing activities: |
|
|
|
|
|
Purchase of property, plant and equipment |
|
|
|
(41,034) |
(23,270) |
Proceeds from sale of assets |
|
|
|
1,492 |
112 |
Other, net |
|
|
|
(68,447) |
(77,917) |
Net cash flows from investing activities |
|
|
|
(107,989) |
(101,075) |
Cash flows from financing activities: |
|
|
|
|
|
Proceeds from long-term borrowings |
|
|
|
|
39,000 |
Principal payments on long-term borrowings |
|
|
|
(187) |
(39,197) |
Dividends paid |
|
|
|
(18,717) |
(15,530) |
Debt issuance costs |
|
|
|
|
(1,703) |
Proceeds from exercises under stock plans |
|
|
|
15,064 |
19,527 |
Excess tax benefits from stock option exercises |
|
|
|
4,630 |
4,212 |
Purchase of common treasury shares - stock plan exercises: |
|
|
|
(14,644) |
(19,116) |
Net cash flows from financing activities |
|
|
|
(13,854) |
(12,807) |
Net change in cash and cash equivalents |
|
|
|
117,434 |
47,605 |
Cash and cash equivalents-beginning of year |
|
|
|
40,926 |
27,545 |
Cash and cash equivalents-end of period |
|
158,360 |
75,150 |
158,360 |
75,150 |
Guarantors
|
|
|
|
|
|
Cash flows from operating activities: |
|
|
|
|
|
Net earnings |
|
13,644 |
21,860 |
73,154 |
67,239 |
Adjustments to reconcile net earnings to net cash flows from operations: |
|
|
|
|
|
Depreciation and amortization |
|
|
|
9,620 |
9,602 |
Gain on sale of property, plant and equipment |
|
|
|
37 |
(58) |
Deferred income taxes |
|
|
|
1,342 |
(419) |
Changes in assets and liabilities (net of acquisitions): |
|
|
|
|
|
Receivables |
|
|
|
3,552 |
(18,798) |
Inventories |
|
|
|
(5,556) |
(11,409) |
Prepaid expenses |
|
|
|
290 |
(43) |
Accounts payable |
|
|
|
(2,992) |
3,280 |
Accrued expenses |
|
|
|
(148) |
(607) |
Income taxes payable (refundable) |
|
|
|
(2,035) |
273 |
Net cash flows from operating activities |
|
|
|
77,264 |
49,060 |
Cash flows from investing activities: |
|
|
|
|
|
Purchase of property, plant and equipment |
|
|
|
(18,381) |
(10,885) |
Proceeds from sale of assets |
|
|
|
35 |
71 |
Other, net |
|
|
|
(105,512) |
(15,657) |
Net cash flows from investing activities |
|
|
|
(123,858) |
(26,471) |
Cash flows from financing activities: |
|
|
|
|
|
Intercompany dividends |
|
|
|
20,133 |
|
Net cash flows from financing activities |
|
|
|
20,133 |
|
Effect of exchange rate changes on cash and cash equivalents |
|
|
|
(5,556) |
1,318 |
Net change in cash and cash equivalents |
|
|
|
(32,017) |
23,907 |
Cash and cash equivalents-beginning of year |
|
|
|
83,203 |
18,257 |
Cash and cash equivalents-end of period |
|
51,186 |
42,164 |
51,186 |
42,164 |
Non-Guarantors
|
|
|
|
|
|
Cash flows from operating activities: |
|
|
|
|
|
Net earnings |
|
31,261 |
35,068 |
99,072 |
90,681 |
Adjustments to reconcile net earnings to net cash flows from operations: |
|
|
|
|
|
Depreciation and amortization |
|
|
|
32,545 |
28,477 |
Defined benefit pension plan expense |
|
|
|
4,870 |
3,076 |
Contribution to defined benefit pension plan |
|
|
|
(16,755) |
(11,591) |
Gain on sale of property, plant and equipment |
|
|
|
(5,451) |
(63) |
Equity in earnings in nonconsolidated subsidiaries |
|
|
|
(207) |
(4,850) |
Deferred income taxes |
|
|
|
4,856 |
314 |
Changes in assets and liabilities (net of acquisitions): |
|
|
|
|
|
Receivables |
|
|
|
(13,046) |
(22,059) |
Inventories |
|
|
|
(12,164) |
(26,803) |
Prepaid expenses |
|
|
|
(6,183) |
(2,873) |
Accounts payable |
|
|
|
16,121 |
10,945 |
Accrued expenses |
|
|
|
(865) |
19 |
Other noncurrent liabilities |
|
|
|
(3,477) |
(1,255) |
Income taxes payable (refundable) |
|
|
|
(77) |
(1,461) |
Net cash flows from operating activities |
|
|
|
99,239 |
62,557 |
Cash flows from investing activities: |
|
|
|
|
|
Purchase of property, plant and equipment |
|
|
|
(15,657) |
(24,545) |
Proceeds from sale of assets |
|
|
|
38,037 |
5,414 |
Acquisitions, net of cash acquired |
|
|
|
(53,152) |
|
Other, net |
|
|
|
8,515 |
(61,768) |
Net cash flows from investing activities |
|
|
|
(22,257) |
(80,899) |
Cash flows from financing activities: |
|
|
|
|
|
Net borrowings under short-term agreements |
|
|
|
3,439 |
4,096 |
Proceeds from long-term borrowings |
|
|
|
274 |
126 |
Principal payments on long-term borrowings |
|
|
|
(321) |
(83) |
Proceeds from sale of partial ownership interest |
|
|
|
|
1,404 |
Intercompany dividends |
|
|
|
(20,133) |
|
Dividends to noncontrolling interest |
|
|
|
(1,767) |
(1,379) |
Net cash flows from financing activities |
|
|
|
(18,508) |
4,164 |
Effect of exchange rate changes on cash and cash equivalents |
|
|
|
(14,651) |
6,852 |
Net change in cash and cash equivalents |
|
|
|
43,823 |
(7,326) |
Cash and cash equivalents-beginning of year |
|
|
|
290,000 |
317,092 |
Cash and cash equivalents-end of period |
|
333,823 |
309,766 |
333,823 |
309,766 |
Eliminations
|
|
|
|
|
|
Cash flows from operating activities: |
|
|
|
|
|
Net earnings |
|
(42,503) |
(55,217) |
(167,500) |
(154,767) |
Changes in assets and liabilities (net of acquisitions): |
|
|
|
|
|
Income taxes payable (refundable) |
|
|
|
825 |
(655) |
Net cash flows from operating activities |
|
|
|
(166,675) |
(155,422) |
Cash flows from investing activities: |
|
|
|
|
|
Other, net |
|
|
|
166,675 |
155,422 |
Net cash flows from investing activities |
|
|
|
$ 166,675 |
$ 155,422 |