Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
12 Months Ended |
Feb. 26, 2017 |
Feb. 28, 2016 |
Nov. 27, 2016 |
Nov. 29, 2015 |
Nov. 30, 2014 |
| Cash Flows from Operating Activities: |
|
|
|
|
|
| Net income |
$ 60,121
|
$ 66,291
|
$ 291,209
|
$ 209,891
|
$ 104,309
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
| Depreciation and amortization |
27,386
|
25,111
|
103,878
|
102,044
|
109,474
|
| Asset impairments |
|
|
4,100
|
2,616
|
6,531
|
| Gain on disposal of assets |
|
|
(6,058)
|
(8,626)
|
(197)
|
| Unrealized foreign exchange (gains) losses |
5,373
|
8,348
|
(5,853)
|
(371)
|
5,392
|
| Realized (gain) loss on settlement of forward foreign exchange contracts not designated for hedge accounting |
(9,076)
|
(12,967)
|
(17,175)
|
(14,720)
|
6,184
|
| Employee benefit plans' amortization from accumulated other comprehensive loss and settlement loss |
3,682
|
3,734
|
14,991
|
16,983
|
45,787
|
| Noncash loss on extinguishment of debt, net of write-off of unamortized debt issuance costs |
|
|
0
|
3,448
|
5,103
|
| Noncash restructuring charges |
|
|
0
|
658
|
3,347
|
| Amortization of premium, discount and debt issuance costs |
|
|
2,576
|
2,150
|
2,331
|
| Stock-based compensation |
2,350
|
(1,053)
|
9,333
|
15,137
|
12,441
|
| Allowance for doubtful accounts |
|
|
2,195
|
1,875
|
662
|
| Deferred income taxes |
|
|
66,078
|
58,386
|
(28,177)
|
| Other, net |
1,554
|
1,565
|
0
|
2,902
|
78
|
| Change in operating assets and liabilities: |
|
|
|
|
|
| Trade receivables |
69,935
|
104,777
|
6,150
|
4,060
|
(51,367)
|
| Inventories |
(53,432)
|
(134,923)
|
(121,379)
|
28,566
|
(6,184)
|
| Other current assets |
(1,961)
|
(2,758)
|
(22,944)
|
(3,061)
|
5,377
|
| Other non-current assets |
(2,928)
|
(1,425)
|
(9,103)
|
(21,375)
|
1,509
|
| Accounts payable and other accrued liabilities |
4,611
|
49,462
|
43,040
|
(80,224)
|
(28,871)
|
| Restructuring liabilities |
(2,652)
|
(5,614)
|
(17,290)
|
(36,711)
|
66,574
|
| Income tax liabilities |
17,732
|
23,654
|
7,653
|
(9,680)
|
19,224
|
| Accrued salaries, wages and employee benefits and long-term employee related benefits |
(72,555)
|
(78,302)
|
(49,880)
|
(44,714)
|
(42,878)
|
| Other long-term liabilities |
(1,091)
|
178
|
5,029
|
(10,902)
|
(3,740)
|
| Net cash provided by operating activities |
49,049
|
46,078
|
306,550
|
218,332
|
232,909
|
| Cash Flows from Investing Activities: |
|
|
|
|
|
| Purchases of property, plant and equipment |
(25,073)
|
(30,725)
|
(102,950)
|
(102,308)
|
(73,396)
|
| Proceeds from sale of assets |
|
|
17,427
|
9,026
|
8,049
|
| Proceeds (payments) on settlement of forward foreign exchange contracts not designated for hedge accounting |
9,076
|
12,967
|
17,175
|
14,720
|
(6,184)
|
| Acquisitions, net of cash acquired |
|
|
0
|
(2,271)
|
(318)
|
| Net cash used for investing activities |
(15,997)
|
(17,758)
|
(68,348)
|
(80,833)
|
(71,849)
|
| Cash Flows from Financing Activities: |
|
|
|
|
|
| Proceeds from issuance of long-term debt |
0
|
75,000
|
0
|
500,000
|
0
|
| Repayments of long-term debt and capital leases |
0
|
(154,000)
|
(39,641)
|
(528,104)
|
(395,853)
|
| Proceeds from senior revolving credit facility |
9,911
|
9,208
|
180,000
|
345,000
|
265,000
|
| Repayments of senior revolving credit facility |
(7,774)
|
(6,763)
|
(279,000)
|
(346,000)
|
(165,000)
|
| Proceeds from short-term credit facilities |
|
|
29,154
|
23,936
|
24,372
|
| Repayments of short-term credit facilities |
|
|
(18,219)
|
(21,114)
|
(24,000)
|
| Other short-term borrowings, net |
(8,288)
|
3,102
|
13,475
|
(12,919)
|
(10,080)
|
| Debt issuance costs |
|
|
|
(4,605)
|
(2,684)
|
| Change in restricted cash, net |
|
|
2,967
|
1,615
|
1,060
|
| Repurchase of common stock |
(193)
|
0
|
(2,563)
|
(4,175)
|
(5,314)
|
| Excess tax benefits from stock-based compensation |
|
|
278
|
1,471
|
826
|
| Dividend to stockholders |
(35,000)
|
0
|
(60,000)
|
(50,000)
|
(30,003)
|
| Other financing, net |
(1,158)
|
(118)
|
|
|
|
| Net cash used for financing activities |
(42,502)
|
(73,571)
|
(173,549)
|
(94,895)
|
(341,676)
|
| Effect of exchange rate changes on cash and cash equivalents |
2,510
|
(2,219)
|
(7,661)
|
(22,288)
|
(10,387)
|
| Net increase (decrease) in cash and cash equivalents |
(6,940)
|
(47,470)
|
56,992
|
20,316
|
(191,003)
|
| Beginning cash and cash equivalents |
375,563
|
318,571
|
318,571
|
298,255
|
489,258
|
| Ending cash and cash equivalents |
368,623
|
271,101
|
375,563
|
318,571
|
298,255
|
| Noncash Investing Activity: |
|
|
|
|
|
| Purchases of property, plant and equipment not yet paid at end of period |
7,103
|
14,244
|
19,903
|
23,958
|
19,728
|
| Supplemental disclosure of cash flow information: |
|
|
|
|
|
| Cash paid for interest during the period |
1,456
|
1,176
|
67,052
|
77,907
|
110,029
|
| Cash paid for income taxes during the period, net of refunds |
$ 11,677
|
$ 11,164
|
$ 57,148
|
$ 61,456
|
$ 60,525
|