v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
May 30, 2026
May 31, 2025
Cash flows from operating activities:    
Net income including non-controlling interest $ 88,850 $ 55,109
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:    
Depreciation 48,772 44,837
Amortization 43,646 42,443
Deferred income taxes (9,098) (14,068)
Income from equity method investments, net of dividends received (2,186) (1,894)
Loss on the sale of business 0 1,515
Loss on impairment of intangible asset 0 478
Gain on sale or disposal of assets (833) (101)
Share-based compensation 12,580 12,003
Pension and other post-retirement plan benefit (12,239) (11,039)
Change in assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (53,893) (28,942)
Inventory (51,313) (40,182)
Other assets (9,291) 2,364
Accounts payable 80,473 11,602
Accrued compensation (19,643) (23,494)
Other accrued expenses 13,522 1,097
Income taxes payable (10,287) (10,587)
Pension plan assets and liabilities 698 76
Other liabilities (6,052) 24,804
Foreign currency remeasurement 3,463 (8,252)
Net cash provided by operating activities 117,169 57,769
Cash flows from investing activities:    
Purchased property, plant and equipment (104,380) (64,534)
Proceeds from sale of property, plant and equipment 4,408 1,438
Payment of holdback on acquisitions (11,627) 0
Purchased businesses, net of cash acquired 0 (162,032)
Purchase of cost method investment 0 (2,549)
Proceeds from the sale of a business 0 75,727
Net cash used in investing activities (111,599) (151,950)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 627,000 784,900
Repayment of long-term debt (571,683) (687,751)
Payment of debt issuance costs 0 (1,047)
Net payment of notes payable 0 (588)
Dividends paid (25,970) (24,864)
Proceeds from stock options exercised 10,266 2,475
Repurchases of common stock (48,771) (60,664)
Net cash (used in) provided by financing activities (9,158) 12,461
Effect of exchange rate changes on cash and cash equivalents 10,477 9,153
Net change in cash and cash equivalents 6,889 (72,567)
Cash and cash equivalents at beginning of period 107,213 169,352
Cash and cash equivalents at end of period $ 114,102 $ 96,785