XML 39 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Cash flows from operating activities    
Net income/(loss) $ 11,163 $ (1,527)
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on insurance settlement 0 (1,421)
Pension settlement charges 40,329 9,525
Multiemployer pension plan withdrawal expense 4,697 0
Early termination charge 0 2,550
Depreciation and amortization 46,023 58,636
Stock-based compensation expense 7,588 6,120
Undistributed loss of joint ventures 758 523
Long-term retirement benefit obligations (7,767) (42,255)
Uncertain tax positions 147 11,211
Other-net 14,303 9,947
Changes in operating assets and liabilities:    
Accounts receivable-net 55,120 42,191
Other current assets 10,742 (6,268)
Accounts payable, accrued payroll and other liabilities (76,555) (53,871)
Unexpired subscriptions 1,486 882
Net cash provided by operating activities 108,034 36,243
Cash flows from investing activities    
Purchases of marketable securities (555,040) (398,124)
Maturities of marketable securities 626,697 382,376
Repayment of borrowings against cash surrender value of corporate-owned life insurance 0 (26,005)
Purchase of investments – net of proceeds (3,592) (1,005)
Capital expenditures (21,150) (25,819)
Proceeds from insurance settlement 0 1,200
Change in restricted cash (1,190) (1,100)
Other-net (343) (238)
Net cash provided by/(used in) investing activities 45,382 (68,715)
Cash flows from financing activities    
Repayment of debt and capital lease obligations (223,653) (18,860)
Dividends paid (20,053) (18,166)
Stock issuances 102,803 1,120
Repurchases (43,561) 0
Net cash used in financing activities (184,464) (35,906)
Net decrease in cash and cash equivalents (31,048) (68,378)
Effect of exchange rate changes on cash (953) 224
Cash and cash equivalents at the beginning of the period 176,607 482,745
Cash and cash equivalents at the end of the period $ 144,606 $ 414,591