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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Cash flows from operating activities:    
Net income $ 68,843 $ 130,254
Income from discontinued operations, net of income taxes of $21,295 and $9,403, respectively 257 19,266
Income from continuing operations 68,586 110,988
Non-cash and other reconciling items:    
Depreciation 19,694 16,737
Amortization 1,930 2,436
Deferred income taxes 6,412 3,381
Stock-based compensation 17,576 24,350
Other, net 10,714 9,411
Changes in (net of effects from businesses acquired):    
Receivables (64,587) 124,076
Inventories 182,240 (282,846)
Accounts payable (164,777) (2,476)
Accrued expenses and other, net 33,522 (33,535)
Net cash flows provided (used) for operating activities - continuing operations 111,310 (27,478)
Net cash flows used for operating activities - discontinued operations (111,446) (6,263)
Net cash flows used for operating activities (136) (33,741)
Cash flows from financing activities:    
Repayment of notes (300,000) (250,000)
Repayments under accounts receivable securitization, net (150,265) (33,045)
Borrowings of bank and revolving debt, net 669,803 418,756
Repurchases of common stock (Note 10)   (143,725)
Dividends paid on common stock (21,676) (22,612)
Other, net 682 (2,503)
Net cash flows provided (used) for financing activities - continuing operations 198,544 (33,129)
Net cash flows used for financing activities - discontinued operations (4,756) (160)
Net cash flows provided (used) for financing activities 193,788 (33,289)
Cash flows from investing activities:    
Purchases of property, plant and equipment (34,729) (31,205)
Other, net 432 1,568
Net cash flows used for investing activities - continuing operations (34,297) (29,637)
Net cash flows used for investing activities - discontinued operations (95) (2,395)
Net cash flows used for investing activities (34,392) (32,032)
Effect of currency exchange rate changes on cash and cash equivalents 5,807 (8,796)
Cash and cash equivalents:    
Net change in cash and cash equivalents 165,067 (107,858)
Cash and cash equivalents at beginning of period 1,031,478 932,553
Cash and cash equivalents at end of period $ 1,196,545 $ 824,695