XML 59 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Nov. 29, 2014
Nov. 30, 2013
Dec. 01, 2012
Cash flows from operating activities:      
Net earnings $ 144,183us-gaap_ProfitLoss $ 118,350us-gaap_ProfitLoss $ 123,340us-gaap_ProfitLoss
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 30,065us-gaap_Depreciation 26,329us-gaap_Depreciation 25,925us-gaap_Depreciation
Amortization 20,362us-gaap_AdjustmentForAmortization 5,904us-gaap_AdjustmentForAmortization 5,890us-gaap_AdjustmentForAmortization
Other noncash items 995us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 1,754us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities (26)us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net loss (gain) on disposition of assets 67us-gaap_GainLossOnSaleOfPropertyPlantEquipment 3,862us-gaap_GainLossOnSaleOfPropertyPlantEquipment (725)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Bargain purchase gain (2,815)clc_BargainPurchaseGainLossRecorded 0clc_BargainPurchaseGainLossRecorded 0clc_BargainPurchaseGainLossRecorded
Stock-based compensation expense 7,278us-gaap_ShareBasedCompensation 5,060us-gaap_ShareBasedCompensation 6,226us-gaap_ShareBasedCompensation
Excess tax benefit from stock-based compensation (2,769)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (8,528)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (2,007)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Deferred income taxes 911us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 1,216us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 9,272us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Changes in assets and liabilities, net of business acquisitions:      
Accounts receivable (28,748)us-gaap_IncreaseDecreaseInAccountsReceivable (11,044)us-gaap_IncreaseDecreaseInAccountsReceivable (7,666)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (7,846)us-gaap_IncreaseDecreaseInInventories (7,826)us-gaap_IncreaseDecreaseInInventories (8,320)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (7,004)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,833)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (329)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other noncurrent assets (2,384)us-gaap_IncreaseDecreaseInOtherOperatingAssets 1,396us-gaap_IncreaseDecreaseInOtherOperatingAssets (2,836)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable, accrued liabilities and other liabilities 2,591us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 8,363us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (5,650)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Pension and postretirement healthcare liabilities, net 915us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations (20,616)us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations (13,349)us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations
Income taxes 545us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 12,854us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 6,104us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash provided by operating activities 156,346us-gaap_NetCashProvidedByUsedInOperatingActivities 135,241us-gaap_NetCashProvidedByUsedInOperatingActivities 135,849us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Restricted cash 1,339us-gaap_IncreaseDecreaseInRestrictedCash (197)us-gaap_IncreaseDecreaseInRestrictedCash 240us-gaap_IncreaseDecreaseInRestrictedCash
Business acquisitions, net of cash acquired (595,328)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (5,411)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Payments for purchase of property, plant and equipment (69,681)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (44,651)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (36,468)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from disposition of plant assets 491us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 3,373us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 534us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Investment in affiliate (1,073)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (615)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (1,023)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates
Net cash used in investing activities (664,252)us-gaap_NetCashProvidedByUsedInInvestingActivities (42,090)us-gaap_NetCashProvidedByUsedInInvestingActivities (42,128)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Net (payments) borrowings under multicurrency revolving credit agreement (50,000)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 50,000us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 0us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Borrowings under term loan facility 315,000us-gaap_ProceedsFromRepaymentsOfNotesPayable 100,000us-gaap_ProceedsFromRepaymentsOfNotesPayable 0us-gaap_ProceedsFromRepaymentsOfNotesPayable
Payments on term loan facility (20,000)us-gaap_ProceedsFromRepaymentsOfDebt 0us-gaap_ProceedsFromRepaymentsOfDebt 0us-gaap_ProceedsFromRepaymentsOfDebt
Payments on long-term debt, including business acquisition-related seller financing (1,620)us-gaap_RepaymentsOfLongTermDebt (4,037)us-gaap_RepaymentsOfLongTermDebt (10,500)us-gaap_RepaymentsOfLongTermDebt
Payments of financing costs (752)us-gaap_PaymentsOfFinancingCosts (298)us-gaap_PaymentsOfFinancingCosts (564)us-gaap_PaymentsOfFinancingCosts
Sale of capital stock under stock option and employee purchase plans 12,076us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 35,047us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 6,415us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Payments for repurchase of common stock (32,822)us-gaap_PaymentsForRepurchaseOfCommonStock (27,708)us-gaap_PaymentsForRepurchaseOfCommonStock (37,320)us-gaap_PaymentsForRepurchaseOfCommonStock
Excess tax benefit from stock-based compensation 2,769us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 8,528us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 2,007us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Dividend paid to noncontrolling interests (166)us-gaap_PaymentsOfDividendsMinorityInterest (206)us-gaap_PaymentsOfDividendsMinorityInterest 0us-gaap_PaymentsOfDividendsMinorityInterest
Cash dividends paid (35,805)us-gaap_PaymentsOfDividendsCommonStock (28,744)us-gaap_PaymentsOfDividendsCommonStock (24,911)us-gaap_PaymentsOfDividendsCommonStock
Net cash provided by (used in) financing activities 188,680us-gaap_NetCashProvidedByUsedInFinancingActivities 132,582us-gaap_NetCashProvidedByUsedInFinancingActivities (64,873)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net effect of exchange rate changes on cash 1,728us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 333us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 649us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and cash equivalents (317,498)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 226,066us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 29,497us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 411,562us-gaap_CashAndCashEquivalentsAtCarryingValue 185,496us-gaap_CashAndCashEquivalentsAtCarryingValue 155,999us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 94,064us-gaap_CashAndCashEquivalentsAtCarryingValue 411,562us-gaap_CashAndCashEquivalentsAtCarryingValue 185,496us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for interest 3,028us-gaap_InterestPaidNet 374us-gaap_InterestPaidNet 397us-gaap_InterestPaidNet
Cash paid during the period for income taxes, net of refunds $ 67,534us-gaap_IncomeTaxesPaidNet $ 42,602us-gaap_IncomeTaxesPaidNet $ 43,821us-gaap_IncomeTaxesPaidNet