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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Nov. 29, 2015
Nov. 30, 2014
Nov. 24, 2013
Cash Flows from Operating Activities:      
Net income $ 209,891 $ 104,309 $ 228,136
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 102,044 109,474 115,720
Asset impairments 2,616 6,531 8,330
Gain on disposal of assets (8,626) (197) (2,112)
Unrealized foreign exchange (gains) losses (371) 5,392 4,573
Realized (gain) loss on settlement of forward foreign exchange contracts not designated for hedge accounting (14,720) 6,184 2,904
Employee benefit plans’ amortization from accumulated other comprehensive loss and settlement losses 16,983 45,787 22,686
Employee benefit plans’ curtailment gain, net 0 0 (564)
Noncash loss on extinguishment of debt, net of write-off of unamortized debt issuance costs 3,448 5,103 689
Noncash Restructuring Charges 658 [1] 3,347 [1] 0
Amortization of deferred debt issuance costs 2,150 2,331 3,287
Stock-based compensation 15,137 12,441 8,249
Allowance for doubtful accounts 1,875 662 1,158
Deferred income taxes 58,386 (28,177) 37,520
Change in operating assets and liabilities:      
Trade receivables 4,060 (51,367) 65,955
Inventories 28,566 (6,184) (63,920)
Other current assets (3,061) 5,377 32,808
Other non-current assets (21,375) 1,509 9,871
Accounts payable and other accrued liabilities 80,224 28,871 (3,107)
Increase (Decrease) in Restructuring Reserve (36,711) 66,574 0
Income tax liabilities (9,680) 19,224 (23,832)
Accrued salaries, wages and employee benefits and long-term employee related benefits (44,714) (42,878) (51,974)
Other long-term liabilities (10,902) (3,740) 8,618
Other, net 2,902 78 59
Net cash provided by operating activities 218,332 232,909 411,268
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (102,308) (73,396) (91,771)
Proceeds from sale of assets 9,026 8,049 2,277
Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting 14,720 (6,184) (2,904)
Acquisitions, net of cash acquired (2,271) (318) (400)
Net cash used for investing activities (80,833) (71,849) (92,798)
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt 500,000 0 140,000
Repayments of long-term debt and capital leases (528,104) (395,853) (327,281)
Proceeds from senior revolving credit facility 345,000 265,000 0
Repayments of senior revolving credit facility (346,000) (165,000) 0
Proceeds from Lines of Credit 23,936 24,372 46,187
Repayments of Lines of Credit (21,114) (24,000) (53,726)
Short-term borrowings, net (12,919) (10,080) (3,711)
Debt issuance costs (4,605) (2,684) (2,557)
Change in restricted cash, net 1,615 1,060 (139)
Repurchase of common stock (4,175) (5,314) (5,744)
Excess tax benefits from stock-based compensation 1,471 826 1,538
Dividend to stockholders (50,000) (30,003) (25,076)
Net cash (used for) provided by financing activities (94,895) (341,676) (230,509)
Effect of exchange rate changes on cash and cash equivalents (22,288) (10,387) (4,837)
Net increase (decrease) in cash and cash equivalents 20,316 (191,003) 83,124
Beginning cash and cash equivalents 298,255 489,258 406,134
Ending cash and cash equivalents 318,571 298,255 489,258
Noncash Investing Activity:      
Purchases of property, plant and equipment not yet paid at end of period 23,958 19,728 13,816
Cash paid during the period for:      
Interest 77,907 110,029 121,827
Income taxes $ 61,456 $ 60,525 $ 47,350
[1] Noncash pension and postretirement curtailment gains or losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefits" on the Company's consolidated balance sheets.