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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 03, 2016
Nov. 28, 2015
Nov. 29, 2014
Cash flows from operating activities:      
Net earnings $ 139,390 $ 134,913 $ 144,183
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 34,022 31,075 30,065
Amortization 24,580 25,528 20,362
Other noncash items (4,337) (268) 995
Net loss (gain) on disposition of assets 927 (2,144) 67
Net gain on disposition of J.L. Clark 0 (12,132) 0
Impairment of investments 0 6,729 0
Bargain purchase gain 0 0 (2,815)
Stock-based compensation expense 6,507 9,093 7,278
Excess tax benefit from stock-based compensation (2,194) (1,246) (2,769)
Deferred income taxes 6,126 3,452 911
Changes in assets and liabilities, net of business acquisitions:      
Accounts receivable 27,679 31,782 (28,748)
Inventories 36,416 (22,058) (7,846)
Prepaid expenses and other current assets 3,151 (13,490) (7,004)
Other noncurrent assets 1,903 (10,809) (2,384)
Accounts payable, accrued liabilities and other liabilities (2,188) (18,221) 2,591
Pension and postretirement healthcare liabilities, net 941 1,207 915
Income taxes 12,475 (9,666) 545
Net cash provided by operating activities 285,398 153,745 156,346
Cash flows from investing activities:      
Restricted cash (143) 0 1,339
Business acquisitions, net of cash acquired (19,299) (20,882) (595,328)
Business dispositions, net of cash paid 0 45,232 0
Payments for purchase of property, plant and equipment (30,924) (64,535) (69,681)
Proceeds from disposition of plant assets 1,323 7,469 491
Investment in affiliates 0 (525) (1,073)
Net cash used in investing activities (49,043) (33,241) (664,252)
Cash flows from financing activities:      
Net borrowings (payments) under revolving credit agreement (112,000) 197,000 (50,000)
Borrowings under term loan facility 0 0 315,000
Payments on term loan facility (7,500) (195,000) (20,000)
Payments on long-term debt, including business acquisition-related seller financing (305) (8,665) (1,620)
Payments of financing costs 0 (50) (752)
Sale of capital stock under stock option and employee purchase plans 34,075 8,106 12,076
Acquisition of noncontrolling interest 0 (1,239) 0
Payments for repurchase of common stock (73,901) (70,777) (32,822)
Excess tax benefit from stock-based compensation 2,194 1,246 2,769
Dividend paid to noncontrolling interests (172) (206) (166)
Cash dividends paid (44,375) (40,972) (35,805)
Net cash (used in) provided by financing activities (201,984) (110,557) 188,680
Net effect of exchange rate changes on cash (1,022) (2,482) 1,728
Net change in cash and cash equivalents 33,349 7,465 (317,498)
Cash and cash equivalents, beginning of period 101,529 94,064 411,562
Cash and cash equivalents, end of period 134,878 101,529 94,064
Cash paid during the period for interest 6,762 4,874 3,028
Cash paid during the period for income taxes, net of refunds $ 44,151 $ 70,146 $ 67,534