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Consolidated Statements of Cash Flows
$ in Thousands
3 Months Ended 6 Months Ended
May 29, 2022
USD ($)
May 28, 2023
USD ($)
May 29, 2022
USD ($)
Cash Flows from Operating Activities:      
Net (loss) income $ 49,700 $ 113,100 $ 245,600
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   79,400 77,700
Property, plant, equipment, right-of-use asset, goodwill impairments, and early lease terminations, net 60,400 14,900 54,700
Stock-based compensation   38,400 30,700
(Benefit from) provision for deferred income taxes   (36,500) 17,400
Other, net   (11,300) 9,800
Net change in operating assets and liabilities   (72,600) (290,000)
Net cash provided by operating activities   125,400 145,900
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment   (186,600) (120,500)
Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting   34,300 (9,100)
Payments to acquire short-term investments   0 (44,600)
Proceeds from sale, maturity and collection of short-term investments   70,800 39,000
Net cash used for investing activities   (81,500) (135,200)
Cash Flows from Financing Activities:      
Proceeds from senior revolving credit facility   200,000 0
Repayments of senior revolving credit facility   75,000 0
Repurchase of common stock   (8,100) (114,200)
Dividends to stockholders (39,600) (95,200) (79,500)
Other financing activities, net   (15,800) (23,400)
Net cash provided by (used for) financing activities   5,900 (217,100)
Effect of exchange rate changes on cash and cash equivalents and restricted cash   (7,800) (2,000)
Net increase (decrease) in cash and cash equivalents and restricted cash   42,000 (208,400)
Beginning cash and cash equivalents, and restricted cash   430,000 810,600
Ending cash and cash equivalents, and restricted cash 602,200 472,000 602,200
Less: Ending restricted cash (300) (400) (300)
Ending cash and cash equivalents $ 601,900 471,600 601,900
Noncash Investing Activity:      
Property, plant and equipment acquired and not yet paid at end of period   39,900 47,200
Supplemental disclosure of cash flow information:      
Cash paid for income taxes during the period, net of refunds   $ 40,500 $ 56,800