Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
May 25, 2014
May 26, 2013
Cash Flows from Operating Activities:    
Net income $ 60,612 $ 155,084
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 53,399 57,263
Asset impairments 620 1,091
Gain on disposal of assets 47 144
Unrealized foreign exchange losses (gains) 3,866 (11,048)
Realized (gain) loss on settlement of forward foreign exchange contracts not designated for hedge accounting (6,769) 6,197
Employee benefit plans’ amortization from accumulated other comprehensive loss 7,438 11,717
Employee benefit plans’ curtailment gain, net 0 (510)
Noncash Restructuring Charges 5,176 [1] 0 [1]
Noncash loss on extinguishment of debt 3,170 689
Amortization of deferred debt issuance costs 2,092 2,143
Stock-based compensation 5,301 3,246
Allowance for doubtful accounts 927 2,367
Change in operating assets and liabilities:    
Trade receivables 103,394 156,324
Inventories (82,387) (20,949)
Other current assets (11,415) 7,767
Other non-current assets (4,389) (289)
Accounts payable and other accrued liabilities (56,529) (84,347)
Restructuring Liabilities 50,599 0
Income tax liabilities (1,732) 30,196
Accrued salaries, wages and employee benefits and long-term employee related benefits (59,574) (72,422)
Other long-term liabilities (588) 10,004
Other, net (741) (180)
Net cash provided by operating activities 72,423 254,199
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (35,320) (41,891)
Proceeds from sale of assets 1,402 147
Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting 6,769 (6,197)
Payments to Acquire Businesses, Net of Cash Acquired (75) 0
Net cash used for investing activities (27,224) (47,941)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 0 140,000
Repayments of long-term debt and capital leases (207,074) (325,820)
Proceeds from senior revolving credit facility 100,000 0
Proceeds from Lines of Credit 8,386 36,760
Repayments of Lines of Credit (6,417) (37,227)
Short-term borrowings, net (8,535) (4,307)
Debt issuance costs 2,684 2,412
Restricted cash 596 (65)
Repurchase of common stock 4,676 365
Excess tax benefits from stock-based compensation 359 0
Dividend to stockholders (30,003) (25,076)
Net cash used for financing activities (150,048) (218,512)
Effect of exchange rate changes on cash and cash equivalents 1,665 (4,095)
Net decrease in cash and cash equivalents (103,184) (16,349)
Beginning cash and cash equivalents 489,258 406,134
Ending cash and cash equivalents 386,074 389,785
Cash paid (received) during the period for:    
Interest 59,759 58,520
Income Taxes Paid, Net $ 30,639 $ 13,948
[1] Non-cash pension and postretirement curtailment losses resulting from the global productivity initiative are included in restructuring charges, with the associated liabilities included in "Pension liability" and "Postretirement medical benefit" in the Company's consolidated balance sheets.