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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 28, 2017
May 29, 2016
Cash Flows from Operating Activities:    
Net income $ 77,844 $ 97,351
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 55,829 50,496
Unrealized foreign exchange losses 23,434 16,927
Realized gain on settlement of forward foreign exchange contracts not designated for hedge accounting (4,078) (16,887)
Employee benefit plans’ amortization from accumulated other comprehensive loss and settlement loss 7,457 7,487
Loss on early extinguishment of debt 22,793 0
Stock-based compensation 5,662 1,976
Other, net 3,579 (1,879)
Change in operating assets and liabilities:    
Trade receivables 172,382 157,291
Inventories (54,723) (185,806)
Other current assets 4,755 1,993
Other non-current assets (3,794) (4,163)
Accounts payable and other accrued liabilities (7,696) 41,392
Restructuring Liabilities (3,285) (10,691)
Income tax liabilities (15,688) 18,397
Accrued salaries, wages and employee benefits and long-term employee related benefits (66,750) (73,463)
Other long-term liabilities (635) 2,883
Net cash provided by operating activities 217,086 103,304
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (52,889) (47,278)
Proceeds from sales of assets 0 17,431
Proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting 4,078 16,887
Net cash used for investing activities (48,811) (12,960)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 502,835 0
Repayments of long-term debt (525,000) 0
Proceeds from senior revolving credit facility 0 180,000
Repayments of senior revolving credit facility 0 (174,000)
Proceeds from short-term credit facilities 15,557 14,216
Repayments of short-term credit facilities (13,221) (10,389)
Other short-term borrowings, net (10,747) 593
Payment of debt extinguishment costs (21,899) 0
Debt issuance costs (10,101) 0
Repurchase of common stock (11,462) (1,393)
Dividend to stockholders (35,000) (60,000)
Other financing, net (3,440) 1,923
Net cash used for financing activities (112,478) (49,050)
Effect of exchange rate changes on cash and cash equivalents 6,157 (325)
Net increase in cash and cash equivalents 61,954 40,969
Beginning cash and cash equivalents 375,563 318,571
Ending cash and cash equivalents 437,517 359,540
Noncash Investing and Financing Items [Abstract]    
Property, plant and equipment acquired and not yet paid at end of period 8,191 22,911
Property, plant and equipment additions due to build-to-suit lease transactions 6,419 0
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 28,795 33,536
Cash paid for income taxes during the period, net of refunds $ 26,134 $ 21,703