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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities--    
Net earnings $ 94,941 $ 161,223
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 54,210 50,135
Non-cash share-based compensation 9,122 1,334
Deferred income taxes 11,975 10,057
Net Periodic Benefit Cost, Other Components (19,855) (15,058)
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net 137,208 934
Inventories, net (11,398) (65,154)
Prepaid expenses and other assets 13,707 (8,255)
Accounts payable (54,169) (4,561)
Accrued expenses and other liabilities (70,981) (29,065)
Net cash provided by operating activities 164,760 101,590
Cash flows from investing activities--    
Additions to property and equipment (22,712) (21,630)
Proceeds from Sale of Property, Plant, and Equipment 9,381 0
Acquisitions, net of cash acquired (29,850) (167,089)
Net cash (used in) investing activities (43,181) (188,719)
Cash flows from financing activities--    
Proceeds under Credit Facility 2,547,306 313,107
Repayments under Credit Facility 2,025,355 209,484
Net proceeds under international credit facilities 2,989 254
Net repayments under other debt arrangement (23) (175)
Payments of deferred purchase price (2,145) (446)
Repurchase of treasury stock (76,849) (6,086)
Payments of Debt Issuance Costs 7,592 0
Net cash (used in) provided by financing activities 438,331 97,170
Effect of exchange rates on cash and cash equivalents (4,690) (55)
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents 555,220 9,986
Cash and cash equivalents at beginning of year 94,500 71,701
Cash and cash equivalents at end of quarter $ 649,720 $ 81,687