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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 02, 2023
Nov. 26, 2022
Cash flows from operating activities:    
Net income $ 16,989 $ 323,428
Depreciation and amortization 39,394 34,729
Deferred income taxes 5,862 (540)
Other adjustments, net 11,407 (12,830)
Net cash provided by operations 73,652 344,787
Cash flows from investing activities:    
Purchases of investment securities (43,569) (152,365)
Sales and maturities of investment securities 196,104 65,279
Investment in unconsolidated entities (363) 0
Acquisition of business (53,746) 0
Purchases of property, plant and equipment (65,774) (59,709)
Net proceeds from disposal of property, plant and equipment 150 92
Net cash provided by (used in) investing activities 32,802 (146,703)
Cash flows from financing activities:    
Payments of dividends (37,276) (78,394)
Purchase of common stock by treasury (5) (45)
Principal payments on finance lease (214) (94)
Net cash used in financing activities (37,495) (78,533)
Net change in cash and cash equivalents 68,959 119,551
Cash and cash equivalents at beginning of period 292,824 59,084
Cash and cash equivalents at end of period $ 361,783 $ 178,635