XML 24 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net earnings $ 65,238 $ 143,842
Adjustments to reconcile net earnings to cash from operating activities:    
Depreciation and amortization 46,126 46,057
Gain from sale of fixed assets (499) (1,887)
Deferred income taxes (19,538) 13,362
Pay-in-kind interest and accretion on notes receivable from affiliates (8,765) (7,535)
Income from affiliates (23,036) (15,401)
Dividends received from affiliates 18,326 1,823
Other investment income, net (3,812) (3,360)
Other, net 1,672 626
Changes in assets and liabilities:    
Receivables, net of allowance 145,444 69,297
Inventories 63,569 (51,365)
Other current assets (14,193) 6,042
Current liabilities, exclusive of debt (18,973) (5,728)
Other, net 12,385 7,140
Net cash from operating activities 263,944 202,913
Cash flows from investing activities:    
Purchase of short-term investments (313,417) (567,264)
Proceeds from the sale of short-term investments 165,751 530,709
Proceeds from the maturity of short-term investments 15,877 3,338
Capital expenditures (68,005) (68,213)
Proceeds from the sale of fixed assets 24,079 2,252
Investments in and advances to affiliates, net (49,831) (1,786)
Principal payments received on long-term notes receivable from affiliates 74  
Purchase of long-term investments (22,258) (2,333)
Other, net (2,897) (70)
Net cash from investing activities (250,627) (103,367)
Cash flows from financing activities:    
Notes payable to banks, net 30,757 (23,943)
Principal payments of long-term debt   (5,903)
Repurchase of common stock   (53,781)
Other, net (226) (18)
Net cash from financing activities 30,531 (83,645)
Effect of exchange rate change on cash (214) 2,698
Net change in cash and cash equivalents 43,634 18,599
Cash and cash equivalents at beginning of year 36,459 55,055
Cash and cash equivalents at end of period $ 80,093 $ 73,654