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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 27, 2018
May 28, 2017
Cash Flows from Operating Activities:    
Net income $ 58,403 $ 77,844
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 64,695 55,829
Unrealized foreign exchange (gains) losses (10,678) 23,434
Realized loss (gain) on settlement of forward foreign exchange contracts not designated for hedge accounting 18,148 (4,078)
Employee benefit plans’ amortization from accumulated other comprehensive loss and settlement loss 6,517 7,457
Loss on early extinguishment of debt 0 22,793
Stock-based compensation 10,822 5,662
Other, net 3,767 3,579
Provision for (benefit from) deferred income taxes 135,168 (3,523)
Change in operating assets and liabilities:    
Trade receivables 135,739 172,382
Inventories (95,690) (54,723)
Other current assets (1,580) 4,755
Other non-current assets (7,435) (3,794)
Accounts payable and other accrued liabilities 38,284 (7,696)
Restructuring liabilities (254) (3,285)
Income tax liabilities (980) (12,165)
Accrued salaries, wages and employee benefits and long-term employee related benefits (127,321) (66,750)
Other long-term liabilities (47) (635)
Net cash provided by operating activities 227,558 217,086
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (61,153) (52,889)
(Payments) proceeds on settlement of forward foreign exchange contracts not designated for hedge accounting (18,148) 4,078
Net cash used for investing activities (79,301) (48,811)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 0 502,835
Repayments of long-term debt 0 525,000
Proceeds from short-term credit facilities 22,689 15,557
Repayments of short-term credit facilities (20,673) (13,221)
Other short-term borrowings, net (14,537) (10,747)
Payment of debt extinguishment costs 0 (21,899)
Payment of debt issuance costs 0 (10,101)
Repurchase of common stock, including shares surrendered for tax withholdings on equity award exercises (22,027) (11,462)
Dividend to stockholders (45,000) (35,000)
Other financing, net (241) (3,440)
Net cash used for financing activities (79,789) (112,478)
Effect of exchange rate changes on cash and cash equivalents (3,366) 6,157
Net increase in cash and cash equivalents 65,102 61,954
Beginning cash and cash equivalents 633,622 375,563
Ending cash and cash equivalents 698,724 437,517
Noncash Investing Activity:    
Property, plant and equipment acquired and not yet paid at end of period 14,454 8,191
Property, plant and equipment additions due to build-to-suit lease transactions 1,822 6,419
Supplemental disclosure of cash flow information:    
Cash paid for interest during the period 25,824 28,795
Cash paid for income taxes during the period, net of refunds $ 35,066 $ 26,134