Consolidating Financial Information (Tables) | 9 Months Ended |
Sep. 28, 2013 |
Text Block [Abstract] | ' |
Condensed Consolidating Statement of Income (Loss) | ' |
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| Condensed Consolidating Statement of Comprehensive Income |
Quarter Ended September 28, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net sales | $ | 1,006,219 | | | $ | 201,097 | | | $ | 621,751 | | | $ | (631,721 | ) | | $ | 1,197,346 | |
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Cost of sales | 788,512 | | | 100,344 | | | 493,115 | | | (606,305 | ) | | 775,666 | |
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Gross profit | 217,707 | | | 100,753 | | | 128,636 | | | (25,416 | ) | | 421,680 | |
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Selling, general and administrative expenses | 184,566 | | | 34,010 | | | 27,715 | | | (1,509 | ) | | 244,782 | |
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Operating profit | 33,141 | | | 66,743 | | | 100,921 | | | (23,907 | ) | | 176,898 | |
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Equity in earnings of subsidiaries | 127,032 | | | 70,951 | | | — | | | (197,983 | ) | | — | |
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Other expenses | 795 | | | — | | | — | | | — | | | 795 | |
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Interest expense, net | 23,049 | | | — | | | 1,953 | | | — | | | 25,002 | |
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Income from continuing operations before income tax expense | 136,329 | | | 137,694 | | | 98,968 | | | (221,890 | ) | | 151,101 | |
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Income tax expense | 11,066 | | | 7,962 | | | 6,810 | | | — | | | 25,838 | |
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Income from continuing operations | 125,263 | | | 129,732 | | | 92,158 | | | (221,890 | ) | | 125,263 | |
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Loss from discontinued operations, net of tax | — | | | — | | | — | | | — | | | — | |
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Net income | $ | 125,263 | | | $ | 129,732 | | | $ | 92,158 | | | $ | (221,890 | ) | | $ | 125,263 | |
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Comprehensive income | $ | 126,325 | | | $ | 129,732 | | | $ | 91,023 | | | $ | (220,755 | ) | | $ | 126,325 | |
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| Condensed Consolidating Statement of Comprehensive Income |
Quarter Ended September 29, 2012 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net sales | $ | 1,015,571 | | | $ | 197,538 | | | $ | 632,167 | | | $ | (626,595 | ) | | $ | 1,218,681 | |
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Cost of sales | 824,981 | | | 99,793 | | | 494,452 | | | (600,475 | ) | | 818,751 | |
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Gross profit | 190,590 | | | 97,745 | | | 137,715 | | | (26,120 | ) | | 399,930 | |
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Selling, general and administrative expenses | 187,016 | | | 32,865 | | | 24,758 | | | (1,217 | ) | | 243,422 | |
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Operating profit | 3,574 | | | 64,880 | | | 112,957 | | | (24,903 | ) | | 156,508 | |
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Equity in earnings of subsidiaries | 135,794 | | | 78,342 | | | — | | | (214,136 | ) | | — | |
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Other expenses | 3,373 | | | — | | | — | | | — | | | 3,373 | |
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Interest expense, net | 30,214 | | | (1 | ) | | 2,687 | | | (3 | ) | | 32,897 | |
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Income from continuing operations before income tax expense (benefit) | 105,781 | | | 143,223 | | | 110,270 | | | (239,036 | ) | | 120,238 | |
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Income tax expense (benefit) | (5,567 | ) | | 8,926 | | | 5,696 | | | — | | | 9,055 | |
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Income from continuing operations | 111,348 | | | 134,297 | | | 104,574 | | | (239,036 | ) | | 111,183 | |
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Income (loss) from discontinued operations, net of tax | (1,456 | ) | | — | | | 165 | | | — | | | (1,291 | ) |
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Net income | $ | 109,892 | | | $ | 134,297 | | | $ | 104,739 | | | $ | (239,036 | ) | | $ | 109,892 | |
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Comprehensive income | $ | 114,773 | | | $ | 134,297 | | | $ | 105,962 | | | $ | (240,259 | ) | | $ | 114,773 | |
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| Condensed Consolidating Statement of Comprehensive Income |
Nine Months Ended September 28, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net sales | $ | 2,921,292 | | | $ | 502,179 | | | $ | 1,769,432 | | | $ | (1,850,891 | ) | | $ | 3,342,012 | |
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Cost of sales | 2,286,074 | | | 242,603 | | | 1,395,191 | | | (1,766,317 | ) | | 2,157,551 | |
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Gross profit | 635,218 | | | 259,576 | | | 374,241 | | | (84,574 | ) | | 1,184,461 | |
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Selling, general and administrative expenses | 547,403 | | | 108,141 | | | 89,463 | | | (4,034 | ) | | 740,973 | |
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Operating profit | 87,815 | | | 151,435 | | | 284,778 | | | (80,540 | ) | | 443,488 | |
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Equity in earnings of subsidiaries | 314,898 | | | 198,981 | | | — | | | (513,879 | ) | | — | |
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Other expenses | 2,010 | | | — | | | — | | | — | | | 2,010 | |
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Interest expense, net | 70,958 | | | — | | | 4,888 | | | — | | | 75,846 | |
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Income from continuing operations before income tax expense | 329,745 | | | 350,416 | | | 279,890 | | | (594,419 | ) | | 365,632 | |
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Income tax expense | 31,517 | | | 17,091 | | | 18,796 | | | — | | | 67,404 | |
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Income from continuing operations | 298,228 | | | 333,325 | | | 261,094 | | | (594,419 | ) | | 298,228 | |
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Loss from discontinued operations, net of tax | — | | | — | | | — | | | — | | | — | |
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Net income | $ | 298,228 | | | $ | 333,325 | | | $ | 261,094 | | | $ | (594,419 | ) | | $ | 298,228 | |
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Comprehensive income | $ | 297,386 | | | $ | 333,325 | | | $ | 253,660 | | | $ | (586,985 | ) | | $ | 297,386 | |
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| Condensed Consolidating Statement of Comprehensive Income |
Nine Months Ended September 29, 2012 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net sales | $ | 2,909,716 | | | $ | 499,345 | | | $ | 1,727,880 | | | $ | (1,764,476 | ) | | $ | 3,372,465 | |
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Cost of sales | 2,399,275 | | | 239,531 | | | 1,414,140 | | | (1,702,457 | ) | | 2,350,489 | |
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Gross profit | 510,441 | | | 259,814 | | | 313,740 | | | (62,019 | ) | | 1,021,976 | |
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Selling, general and administrative expenses | 548,650 | | | 97,836 | | | 91,767 | | | (3,381 | ) | | 734,872 | |
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Operating profit (loss) | (38,209 | ) | | 161,978 | | | 221,973 | | | (58,638 | ) | | 287,104 | |
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Equity in earnings of subsidiaries | 238,712 | | | 153,265 | | | — | | | (391,977 | ) | | — | |
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Other expenses | 4,829 | | | — | | | — | | | — | | | 4,829 | |
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Interest expense, net | 98,534 | | | (8 | ) | | 7,979 | | | (2 | ) | | 106,503 | |
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Income from continuing operations before income tax expense (benefit) | 97,140 | | | 315,251 | | | 213,994 | | | (450,613 | ) | | 175,772 | |
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Income tax expense (benefit) | (14,646 | ) | | 24,656 | | | 11,534 | | | — | | | 21,544 | |
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Income from continuing operations | 111,786 | | | 290,595 | | | 202,460 | | | (450,613 | ) | | 154,228 | |
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Loss from discontinued operations, net of tax | (27,493 | ) | | (31,791 | ) | | (14,636 | ) | | 3,985 | | | (69,935 | ) |
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Net income | $ | 84,293 | | | $ | 258,804 | | | $ | 187,824 | | | $ | (446,628 | ) | | $ | 84,293 | |
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Comprehensive income | $ | 92,489 | | | $ | 258,804 | | | $ | 187,116 | | | $ | (445,920 | ) | | $ | 92,489 | |
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| Condensed Consolidating Balance Sheet |
28-Sep-13 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Assets | | | | | | | | | |
Cash and cash equivalents | $ | 14,056 | | | $ | 2,682 | | | $ | 115,582 | | | $ | — | | | $ | 132,320 | |
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Trade accounts receivable, net | 48,092 | | | 54,203 | | | 485,196 | | | (1,781 | ) | | 585,710 | |
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Inventories | 996,230 | | | 110,845 | | | 415,863 | | | (208,967 | ) | | 1,313,971 | |
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Deferred tax assets | 164,013 | | | 1,015 | | | 3,310 | | | — | | | 168,338 | |
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Other current assets | 27,915 | | | 10,729 | | | 18,337 | | | (267 | ) | | 56,714 | |
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Total current assets | 1,250,306 | | | 179,474 | | | 1,038,288 | | | (211,015 | ) | | 2,257,053 | |
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Property, net | 83,852 | | | 37,391 | | | 445,533 | | | — | | | 566,776 | |
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Trademarks and other identifiable intangibles, net | 8,718 | | | 88,161 | | | 14,960 | | | — | | | 111,839 | |
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Goodwill | 232,882 | | | 124,247 | | | 75,850 | | | — | | | 432,979 | |
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Investments in subsidiaries | 2,555,730 | | | 1,453,875 | | | — | | | (4,009,605 | ) | | — | |
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Deferred tax assets | 233,926 | | | 154,325 | | | 16,884 | | | — | | | 405,135 | |
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Receivables from related entities | 4,322,565 | | | 3,442,323 | | | 2,055,671 | | | (9,820,559 | ) | | — | |
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Other noncurrent assets | 59,290 | | | 316 | | | 1,629 | | | — | | | 61,235 | |
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Total assets | $ | 8,747,269 | | | $ | 5,480,112 | | | $ | 3,648,815 | | | $ | (14,041,179 | ) | | $ | 3,835,017 | |
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Liabilities and Stockholders’ | | | | | | | | | |
Equity |
Accounts payable | $ | 258,338 | | | $ | 12,179 | | | $ | 169,840 | | | $ | — | | | $ | 440,357 | |
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Accrued liabilities | 171,848 | | | 53,482 | | | 76,305 | | | (130 | ) | | 301,505 | |
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Notes payable | — | | | — | | | 5,209 | | | — | | | 5,209 | |
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Accounts Receivable Securitization Facility | — | | | — | | | 166,614 | | | — | | | 166,614 | |
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Total current liabilities | 430,186 | | | 65,661 | | | 417,968 | | | (130 | ) | | 913,685 | |
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Long-term debt | 1,250,000 | | | — | | | — | | | — | | | 1,250,000 | |
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Pension and postretirement benefits | 393,272 | | | — | | | 11,282 | | | — | | | 404,554 | |
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Payables to related entities | 5,429,729 | | | 2,686,892 | | | 1,438,538 | | | (9,555,159 | ) | | — | |
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Other noncurrent liabilities | 91,978 | | | 11,130 | | | 11,566 | | | — | | | 114,674 | |
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Total liabilities | 7,595,165 | | | 2,763,683 | | | 1,879,354 | | | (9,555,289 | ) | | 2,682,913 | |
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Stockholders’ equity | 1,152,104 | | | 2,716,429 | | | 1,769,461 | | | (4,485,890 | ) | | 1,152,104 | |
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Total liabilities and stockholders’ equity | $ | 8,747,269 | | | $ | 5,480,112 | | | $ | 3,648,815 | | | $ | (14,041,179 | ) | | $ | 3,835,017 | |
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Condensed Consolidating Balance Sheet | ' |
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| Condensed Consolidating Balance Sheet |
28-Sep-13 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Assets | | | | | | | | | |
Cash and cash equivalents | $ | 14,056 | | | $ | 2,682 | | | $ | 115,582 | | | $ | — | | | $ | 132,320 | |
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Trade accounts receivable, net | 48,092 | | | 54,203 | | | 485,196 | | | (1,781 | ) | | 585,710 | |
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Inventories | 996,230 | | | 110,845 | | | 415,863 | | | (208,967 | ) | | 1,313,971 | |
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Deferred tax assets | 164,013 | | | 1,015 | | | 3,310 | | | — | | | 168,338 | |
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Other current assets | 27,915 | | | 10,729 | | | 18,337 | | | (267 | ) | | 56,714 | |
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Total current assets | 1,250,306 | | | 179,474 | | | 1,038,288 | | | (211,015 | ) | | 2,257,053 | |
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Property, net | 83,852 | | | 37,391 | | | 445,533 | | | — | | | 566,776 | |
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Trademarks and other identifiable intangibles, net | 8,718 | | | 88,161 | | | 14,960 | | | — | | | 111,839 | |
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Goodwill | 232,882 | | | 124,247 | | | 75,850 | | | — | | | 432,979 | |
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Investments in subsidiaries | 2,555,730 | | | 1,453,875 | | | — | | | (4,009,605 | ) | | — | |
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Deferred tax assets | 233,926 | | | 154,325 | | | 16,884 | | | — | | | 405,135 | |
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Receivables from related entities | 4,322,565 | | | 3,442,323 | | | 2,055,671 | | | (9,820,559 | ) | | — | |
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Other noncurrent assets | 59,290 | | | 316 | | | 1,629 | | | — | | | 61,235 | |
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Total assets | $ | 8,747,269 | | | $ | 5,480,112 | | | $ | 3,648,815 | | | $ | (14,041,179 | ) | | $ | 3,835,017 | |
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Liabilities and Stockholders’ | | | | | | | | | |
Equity |
Accounts payable | $ | 258,338 | | | $ | 12,179 | | | $ | 169,840 | | | $ | — | | | $ | 440,357 | |
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Accrued liabilities | 171,848 | | | 53,482 | | | 76,305 | | | (130 | ) | | 301,505 | |
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Notes payable | — | | | — | | | 5,209 | | | — | | | 5,209 | |
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Accounts Receivable Securitization Facility | — | | | — | | | 166,614 | | | — | | | 166,614 | |
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Total current liabilities | 430,186 | | | 65,661 | | | 417,968 | | | (130 | ) | | 913,685 | |
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Long-term debt | 1,250,000 | | | — | | | — | | | — | | | 1,250,000 | |
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Pension and postretirement benefits | 393,272 | | | — | | | 11,282 | | | — | | | 404,554 | |
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Payables to related entities | 5,429,729 | | | 2,686,892 | | | 1,438,538 | | | (9,555,159 | ) | | — | |
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Other noncurrent liabilities | 91,978 | | | 11,130 | | | 11,566 | | | — | | | 114,674 | |
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Total liabilities | 7,595,165 | | | 2,763,683 | | | 1,879,354 | | | (9,555,289 | ) | | 2,682,913 | |
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Stockholders’ equity | 1,152,104 | | | 2,716,429 | | | 1,769,461 | | | (4,485,890 | ) | | 1,152,104 | |
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Total liabilities and stockholders’ equity | $ | 8,747,269 | | | $ | 5,480,112 | | | $ | 3,648,815 | | | $ | (14,041,179 | ) | | $ | 3,835,017 | |
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| Condensed Consolidating Balance Sheet |
29-Dec-12 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Assets | | | | | | | | | |
Cash and cash equivalents | $ | 5,617 | | | $ | 1,919 | | | $ | 35,260 | | | $ | — | | | $ | 42,796 | |
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Trade accounts receivable, net | 39,379 | | | 32,199 | | | 434,825 | | | (125 | ) | | 506,278 | |
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Inventories | 882,290 | | | 102,121 | | | 413,340 | | | (144,615 | ) | | 1,253,136 | |
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Deferred tax assets | 161,935 | | | 1,015 | | | 3,239 | | | — | | | 166,189 | |
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Other current assets | 30,692 | | | 11,917 | | | 16,563 | | | (46 | ) | | 59,126 | |
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Total current assets | 1,119,913 | | | 149,171 | | | 903,227 | | | (144,786 | ) | | 2,027,525 | |
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Property, net | 90,820 | | | 41,326 | | | 464,012 | | | — | | | 596,158 | |
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Trademarks and other identifiable intangibles, net | 10,662 | | | 93,727 | | | 15,725 | | | — | | | 120,114 | |
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Goodwill | 232,882 | | | 124,247 | | | 76,171 | | | — | | | 433,300 | |
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Investments in subsidiaries | 2,220,706 | | | 1,284,516 | | | — | | | (3,505,222 | ) | | — | |
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Deferred tax assets | 224,559 | | | 154,325 | | | 18,645 | | | — | | | 397,529 | |
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Receivables from related entities | 3,967,079 | | | 3,198,153 | | | 1,785,466 | | | (8,950,698 | ) | | — | |
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Other noncurrent assets | 51,686 | | | 271 | | | 5,117 | | | — | | | 57,074 | |
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Total assets | $ | 7,918,307 | | | $ | 5,045,736 | | | $ | 3,268,363 | | | $ | (12,600,706 | ) | | $ | 3,631,700 | |
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Liabilities and Stockholders’ | | | | | | | | | |
Equity |
Accounts payable | $ | 217,645 | | | $ | 8,209 | | | $ | 177,790 | | | $ | — | | | $ | 403,644 | |
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Accrued liabilities | 145,962 | | | 57,375 | | | 68,666 | | | (31 | ) | | 271,972 | |
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Notes payable | — | | | — | | | 26,216 | | | — | | | 26,216 | |
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Accounts Receivable Securitization Facility | — | | | — | | | 173,836 | | | — | | | 173,836 | |
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Total current liabilities | 363,607 | | | 65,584 | | | 446,508 | | | (31 | ) | | 875,668 | |
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Long-term debt | 1,317,500 | | | — | | | — | | | — | | | 1,317,500 | |
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Pension and postretirement benefits | 433,490 | | | — | | | 12,777 | | | — | | | 446,267 | |
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Payables to related entities | 4,835,465 | | | 2,582,287 | | | 1,281,957 | | | (8,699,709 | ) | | — | |
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Other noncurrent liabilities | 81,379 | | | 10,977 | | | 13,043 | | | — | | | 105,399 | |
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Total liabilities | 7,031,441 | | | 2,658,848 | | | 1,754,285 | | | (8,699,740 | ) | | 2,744,834 | |
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Stockholders’ equity | 886,866 | | | 2,386,888 | | | 1,514,078 | | | (3,900,966 | ) | | 886,866 | |
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Total liabilities and stockholders’ equity | $ | 7,918,307 | | | $ | 5,045,736 | | | $ | 3,268,363 | | | $ | (12,600,706 | ) | | $ | 3,631,700 | |
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| Condensed Consolidating Statement of Cash Flows |
Nine Months Ended September 28, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net cash provided by operating activities | $ | 423,624 | | | $ | 177,525 | | | $ | 169,730 | | | $ | (513,894 | ) | | $ | 256,985 | |
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Investing activities: | | | | | | | | | |
Capital expenditures | (13,106 | ) | | (3,601 | ) | | (14,014 | ) | | — | | | (30,721 | ) |
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Proceeds from sales of assets | 3,402 | | | 26 | | | 2,468 | | | — | | | 5,896 | |
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Net cash used in investing activities | (9,704 | ) | | (3,575 | ) | | (11,546 | ) | | — | | | (24,825 | ) |
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Financing activities: | | | | | | | | | |
Borrowings on notes payable | — | | | — | | | 68,333 | | | — | | | 68,333 | |
|
Repayments on notes payable | — | | | — | | | (89,168 | ) | | — | | | (89,168 | ) |
|
Borrowings on Accounts Receivable Securitization Facility | — | | | — | | | 100,731 | | | — | | | 100,731 | |
|
Repayments on Accounts Receivable Securitization Facility | — | | | — | | | (107,953 | ) | | — | | | (107,953 | ) |
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Borrowings on Revolving Loan Facility | 2,629,000 | | | — | | | — | | | — | | | 2,629,000 | |
|
Repayments on Revolving Loan Facility | (2,696,500 | ) | | — | | | — | | | — | | | (2,696,500 | ) |
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Cash dividends paid | (39,615 | ) | | — | | | — | | | — | | | (39,615 | ) |
|
Proceeds from stock options exercised | 5,279 | | | — | | | — | | | — | | | 5,279 | |
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Taxes paid related to net shares settlement of equity awards | (24,832 | ) | | — | | | — | | | — | | | (24,832 | ) |
|
Excess tax benefit from stock-based compensation | 18,220 | | | — | | | — | | | — | | | 18,220 | |
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Other | (4,602 | ) | | — | | | (309 | ) | | (3 | ) | | (4,914 | ) |
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Net transactions with related entities | (292,431 | ) | | (173,187 | ) | | (48,279 | ) | | 513,897 | | | — | |
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Net cash used in financing activities | (405,481 | ) | | (173,187 | ) | | (76,645 | ) | | 513,894 | | | (141,419 | ) |
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Effect of changes in foreign exchange rates on cash | — | | | — | | | (1,217 | ) | | — | | | (1,217 | ) |
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Increase in cash and cash equivalents | 8,439 | | | 763 | | | 80,322 | | | — | | | 89,524 | |
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Cash and cash equivalents at beginning of year | 5,617 | | | 1,919 | | | 35,260 | | | — | | | 42,796 | |
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Cash and cash equivalents at end of period | $ | 14,056 | | | $ | 2,682 | | | $ | 115,582 | | | $ | — | | | $ | 132,320 | |
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Condensed Consolidating Statement of Cash Flows | ' |
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| Condensed Consolidating Statement of Cash Flows |
Nine Months Ended September 28, 2013 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net cash provided by operating activities | $ | 423,624 | | | $ | 177,525 | | | $ | 169,730 | | | $ | (513,894 | ) | | $ | 256,985 | |
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Investing activities: | | | | | | | | | |
Capital expenditures | (13,106 | ) | | (3,601 | ) | | (14,014 | ) | | — | | | (30,721 | ) |
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Proceeds from sales of assets | 3,402 | | | 26 | | | 2,468 | | | — | | | 5,896 | |
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Net cash used in investing activities | (9,704 | ) | | (3,575 | ) | | (11,546 | ) | | — | | | (24,825 | ) |
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Financing activities: | | | | | | | | | |
Borrowings on notes payable | — | | | — | | | 68,333 | | | — | | | 68,333 | |
|
Repayments on notes payable | — | | | — | | | (89,168 | ) | | — | | | (89,168 | ) |
|
Borrowings on Accounts Receivable Securitization Facility | — | | | — | | | 100,731 | | | — | | | 100,731 | |
|
Repayments on Accounts Receivable Securitization Facility | — | | | — | | | (107,953 | ) | | — | | | (107,953 | ) |
|
Borrowings on Revolving Loan Facility | 2,629,000 | | | — | | | — | | | — | | | 2,629,000 | |
|
Repayments on Revolving Loan Facility | (2,696,500 | ) | | — | | | — | | | — | | | (2,696,500 | ) |
|
Cash dividends paid | (39,615 | ) | | — | | | — | | | — | | | (39,615 | ) |
|
Proceeds from stock options exercised | 5,279 | | | — | | | — | | | — | | | 5,279 | |
|
Taxes paid related to net shares settlement of equity awards | (24,832 | ) | | — | | | — | | | — | | | (24,832 | ) |
|
Excess tax benefit from stock-based compensation | 18,220 | | | — | | | — | | | — | | | 18,220 | |
|
Other | (4,602 | ) | | — | | | (309 | ) | | (3 | ) | | (4,914 | ) |
|
Net transactions with related entities | (292,431 | ) | | (173,187 | ) | | (48,279 | ) | | 513,897 | | | — | |
|
Net cash used in financing activities | (405,481 | ) | | (173,187 | ) | | (76,645 | ) | | 513,894 | | | (141,419 | ) |
|
Effect of changes in foreign exchange rates on cash | — | | | — | | | (1,217 | ) | | — | | | (1,217 | ) |
|
Increase in cash and cash equivalents | 8,439 | | | 763 | | | 80,322 | | | — | | | 89,524 | |
|
Cash and cash equivalents at beginning of year | 5,617 | | | 1,919 | | | 35,260 | | | — | | | 42,796 | |
|
Cash and cash equivalents at end of period | $ | 14,056 | | | $ | 2,682 | | | $ | 115,582 | | | $ | — | | | $ | 132,320 | |
|
|
|
| | | | | | | | | | | | | | | | | | | |
| Condensed Consolidating Statement of Cash Flows |
Nine Months Ended September 29, 2012 |
| Parent | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Company | Subsidiaries | Subsidiaries | Entries and |
| | | Eliminations |
Net cash provided by operating activities | $ | 531,201 | | | $ | 116,698 | | | $ | 53,477 | | | $ | (391,971 | ) | | $ | 309,405 | |
|
Investing activities: | | | | | | | | | |
Capital expenditures | (6,177 | ) | | (5,163 | ) | | (18,135 | ) | | — | | | (29,475 | ) |
|
Proceeds from sales of assets | 70 | | | 16 | | | 227 | | | — | | | 313 | |
|
Disposition of business | — | | | — | | | 12,708 | | | — | | | 12,708 | |
|
Net cash used in investing activities | (6,107 | ) | | (5,147 | ) | | (5,200 | ) | | — | | | (16,454 | ) |
|
Financing activities: | | | | | | | | | |
Borrowings on notes payable | — | | | — | | | 43,251 | | | — | | | 43,251 | |
|
Repayments on notes payable | — | | | — | | | (55,645 | ) | | — | | | (55,645 | ) |
|
Borrowings on Accounts Receivable Securitization Facility | — | | | — | | | 156,817 | | | — | | | 156,817 | |
|
Repayments on Accounts Receivable Securitization Facility | — | | | — | | | (129,775 | ) | | — | | | (129,775 | ) |
|
Borrowings on Revolving Loan Facility | 2,177,000 | | | — | | | — | | | — | | | 2,177,000 | |
|
Repayments on Revolving Loan Facility | (2,191,500 | ) | | — | | | — | | | — | | | (2,191,500 | ) |
|
Redemption of Floating Rate Senior Notes | (148,092 | ) | | — | | | — | | | — | | | (148,092 | ) |
|
Proceeds from stock options exercised | 4,103 | | | — | | | — | | | — | | | 4,103 | |
|
Excess tax benefit from stock-based compensation | 491 | | | — | | | — | | | — | | | 491 | |
|
Other | (2,542 | ) | | — | | | (297 | ) | | — | | | (2,839 | ) |
|
Dividends paid to related entities | — | | | (4,623 | ) | | (4,867 | ) | | 9,490 | | | — | |
|
Net transactions with related entities | (280,859 | ) | | (106,625 | ) | | 5,003 | | | 382,481 | | | — | |
|
Net cash provided by (used in) financing activities | (441,399 | ) | | (111,248 | ) | | 14,487 | | | 391,971 | | | (146,189 | ) |
|
Effect of changes in foreign exchange rates on cash | 1 | | | — | | | 161 | | | — | | | 162 | |
|
Increase in cash and cash equivalents | 83,696 | | | 303 | | | 62,925 | | | — | | | 146,924 | |
|
Cash and cash equivalents at beginning of year | 8,330 | | | 2,726 | | | 24,289 | | | — | | | 35,345 | |
|
Cash and cash equivalents at end of period | $ | 92,026 | | | $ | 3,029 | | | $ | 87,214 | | | $ | — | | | $ | 182,269 | |
|
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