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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 29, 2016
May 31, 2015
Cash Flows from Operating Activities:    
Net income $ 97,351 $ 49,735
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 50,496 50,471
Asset impairments 680 1,573
Gain on disposal of assets (6,024) (8,617)
Unrealized foreign exchange losses (gains) 16,927 (2,072)
Realized (gain) loss on settlement of forward foreign exchange contracts not designated for hedge accounting (16,887) 1,368
Employee benefit plans’ amortization from accumulated other comprehensive loss 7,487 8,548
Noncash restructuring charges [1] 0 387
Noncash loss on early extinguishment of debt 0 3,448
Amortization of premium, discount and debt issuance costs 1,256 881
Stock-based compensation 1,976 7,848
Allowance for doubtful accounts 2,209 1,192
Change in operating assets and liabilities:    
Trade receivables 157,291 173,660
Inventories (185,806) 18,582
Other current assets 1,993 (1,100)
Other non-current assets (4,163) (1,368)
Accounts payable and other accrued liabilities 41,392 (85,738)
Restructuring Liabilities (10,691) (25,880)
Income tax liabilities 18,397 (5,414)
Accrued salaries, wages and employee benefits and long-term employee related benefits (73,463) (72,301)
Other long-term liabilities 2,883 (13,853)
Other, net 0 1,214
Net cash provided by operating activities 103,304 102,564
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (47,231) (43,163)
Proceeds from sales of assets 17,431 8,785
Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting 16,887 (1,368)
Acquisitions, net of cash acquired (47) (251)
Net cash used for investing activities (12,960) (35,997)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 0 500,000
Repayments of long-term debt and capital leases (1,571) (526,490)
Proceeds from senior revolving credit facility 180,000 265,000
Repayments of senior revolving credit facility (174,000) (255,000)
Proceeds from short-term credit facilities 14,216 11,884
Repayments of short-term credit facilities (10,389) (8,407)
Other short-term borrowings, net 593 310
Debt issuance costs 0 (3,937)
Change in restricted cash, net 3,315 1,110
Repurchase of common stock (1,393) (2,221)
Excess tax benefits from stock-based compensation 179 347
Dividend to stockholders (60,000) (50,000)
Net cash used for financing activities (49,050) (67,404)
Effect of exchange rate changes on cash and cash equivalents (325) (12,784)
Net increase (decrease) in cash and cash equivalents 40,969 (13,621)
Beginning cash and cash equivalents 318,571 298,255
Ending cash and cash equivalents 359,540 284,634
Noncash Investing and Financing Items [Abstract]    
Purchases of property, plant and equipment not yet paid at end of period 22,911 10,035
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 33,536 42,526
Cash paid for income taxes during the period, net of refunds $ 21,703 $ 33,619
[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.