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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities--    
Net earnings $ 209,848 $ 94,941
Adjustments to reconcile net earnings to net cash provided by operating activities--    
Depreciation and amortization expense 60,042 54,210
Non-cash share-based compensation 16,938 9,122
Deferred income taxes (5,997) 11,975
Net periodic pension benefit (other than service costs) (22,905) (19,855)
Gain (Loss) on Disposition of Assets (763) 0
Changes in assets and liabilities, net of acquisitions    
Accounts receivable, net (63,502) 137,208
Inventories, net (68,049) (11,398)
Prepaid expenses and other assets 11,702 13,707
Accounts payable 41,521 (54,169)
Accrued expenses and other liabilities (6,454) (70,981)
Net cash provided by operating activities 172,381 164,760
Cash flows from investing activities--    
Additions to property and equipment (19,311) (22,712)
Proceeds from Sale of Property, Plant, and Equipment 5,948 9,381
Acquisitions, net of cash acquired (10,859) (29,850)
Net cash (used in) investing activities (24,222) (43,181)
Cash flows from financing activities--    
Proceeds under Credit Facility 18,995 2,547,306
Repayments under Credit Facility 29,870 2,025,355
Net proceeds under international credit facilities 169 2,989
Net repayments under other debt arrangement (148) (23)
Payments of deferred purchase price (5,515) (2,145)
Repurchase of treasury stock (2,362) (76,849)
Payments of Debt Issuance Costs 0 7,592
Net cash (used in) provided by financing activities (18,731) 438,331
Effect of exchange rates on cash and cash equivalents (1,969) (4,690)
Changes in cash and cash equivalents--    
Net (decrease) increase in cash and cash equivalents 127,459 555,220
Cash and cash equivalents at beginning of year 268,103 94,500
Cash and cash equivalents at end of quarter $ 395,562 $ 649,720