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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash flows from operating activities:    
Net income $ 41,752 $ 83,724
Less: Income from discontinued operations, net of tax   195
Income from continuing operations, net of tax 41,752 83,529
Non-cash and other reconciling items:    
Depreciation 24,669 25,389
Amortization 19,911 20,810
Amortization of Operating Lease Asset 15,839  
Deferred income taxes (3,970) 36,830
Stock-based compensation 7,218 9,044
Other, net 8,034 14,994
Changes in (net of effects from businesses acquired and divested):    
Receivables (6,703) (19,292)
Inventories (64,194) (269,649)
Accounts payable 189,746 95,119
Accrued expenses and other, net (36,660) (81,753)
Net cash flows provided (used) for operating activities - continuing operations 195,642 (84,979)
Net cash flows provided (used) for operating activities 195,642 (84,979)
Cash flows from financing activities:    
Borrowings (repayments) under accounts receivable securitization, net 110,800 (40,000)
Repayments under senior unsecured credit facility, net (1,100) (1,217)
Repayments under bank credit facilities and other debt, net (745) (50,330)
Repurchases of common stock (110,805) (149,094)
Dividends paid on common stock (21,451) (22,932)
Other, net 548 17,328
Net cash flows used for financing activities - continuing operations (22,753) (246,245)
Net cash flows used for financing activities (22,753) (246,245)
Cash flows from investing activities:    
Purchases of property, plant and equipment (29,864) (41,007)
Other, net (12,515) 65
Net cash flows used for investing activities - continuing operations (42,379) (40,942)
Net cash flows provided by investing activities - discontinued operations   120,000
Net cash flows (used) provided by investing activities (42,379) 79,058
Effect on currency exchange rate changes on cash and cash equivalents (12,507) (3,107)
Cash and cash equivalents:    
Increase (decrease) 118,003 (255,273)
Cash and cash equivalents at beginning of year 546,105 621,125
Cash and cash equivalents at end of year $ 664,108 $ 365,852