|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
|
6 Months Ended |
|
May 29, 2011
|
May 30, 2010
|
| Operating Activities |
 |
 |
| Net (loss)/income |
$ (3,340) |
$ 10,632 |
| Adjustments to reconcile net (loss)/income to net cash used by operating activities |
 |
 |
| Depreciation |
14,071 |
12,714 |
| Amortization |
19 |
17 |
| Loss from affiliate |
0 |
1,285 |
| Loss/(gain) from sale of property, plant and equipment |
36 |
(11) |
| Stock compensation expense |
1,228 |
1,433 |
| Changes in operating assets and liabilities |
 |
 |
| Receivables, net |
(6,925) |
(5,394) |
| Inventories |
(11,987) |
(9,356) |
| Prepaid expenses and other current assets |
(601) |
(1,339) |
| Other assets |
6,349 |
64 |
| Trade payables |
(4,356) |
2,377 |
| Accrued liabilities and income taxes payable |
(32,081) |
(8,226) |
| Other long-term liabilities and deferred income taxes |
26 |
(8,325) |
| Net cash used by operating activities |
(37,561) |
(4,129) |
| Investing Activities |
 |
 |
| Proceeds from sale of property, plant and equipment |
156 |
180 |
| Additions to property, plant and equipment |
(13,932) |
(16,756) |
| Loan to affiliate, net |
0 |
1,500 |
| Net cash used in investing activities |
(13,776) |
(15,076) |
| Financing Activities |
 |
 |
| Issuance of debt |
0 |
1,150 |
| Dividends on Common Stock |
(5,485) |
(5,557) |
| Issuance of Common Stock |
41 |
306 |
| Purchase of treasury stock |
(15,277) |
(1,081) |
| Net cash used in financing activities |
(20,721) |
(5,182) |
| Effect of exchange rate changes on cash and cash equivalents |
4,783 |
(3,376) |
| Net change in cash and cash equivalents |
(67,275) |
(27,763) |
| Cash and cash equivalents at beginning of period |
236,737 |
181,114 |
| Cash and cash equivalents at end of period |
$ 169,462 |
$ 153,351 |