| Year Ended |
| October 28 | | October 29 |
| 2007 | | 2006 |
Cash flows from operating activities: | | | | | | | |
Net income | $ | 24,523 | | | $ | 29,332 | |
Adjustments to reconcile net income to net cash | | | | | | | |
provided by operating activities: | | | | | | | |
Depreciation and amortization | | 98,018 | | | | 90,678 | |
Gain on sale of facility | | (2,254 | ) | | | - | |
Minority interest in income of consolidated subsidiaries | | 2,539 | | | | 5,592 | |
Consolidation, restructuring and related charges | | - | | | | 15,639 | |
Changes in assets and liabilities and other | | 11,867 | | | | (25,042 | ) |
|
Net cash provided by operating activities | | 134,693 | | | | 116,199 | |
|
Cash flows from investing activities: | | | | | | | |
Purchases of property, plant and equipment | | (94,132 | ) | | | (94,646 | ) |
Purchases of short-term investments and other | | (3,100 | ) | | | (82,582 | ) |
Proceeds from sales of investments and other | | 66,304 | | | | 104,962 | |
Proceeds from sale of facility and other | | 5,784 | | | | - | |
Investment in joint venture, technology and supply agreements | | (3,499 | ) | | | (120,505 | ) |
Acquisition of additional interest in PK Ltd. | | - | | | | (8,432 | ) |
|
Net cash used in investing activities | | (28,643 | ) | | | (201,203 | ) |
|
Cash flows from financing activities: | | | | | | | |
Repayments of long-term debt and other | | (94,587 | ) | | | (8,566 | ) |
Proceeds from long-term debt | | 4,303 | | | | 20,303 | |
Proceeds from issuance of common stock | | 988 | | | | 1,809 | |
Other | | (1,575 | ) | | | - | |
|
Net cash (used in) provided by financing activities | | (90,871 | ) | | | 13,546 | |
|
Effect of exchange rate changes on cash | | 1,445 | | | | 4,834 | |
|
Net increase (decrease) in cash and cash equivalents | | 16,624 | | | | (66,624 | ) |
Cash and cash equivalents, beginning of period | | 129,425 | | | | 196,049 | |
|
|
Cash and cash equivalents, end of period | $ | 146,049 | | | $ | 129,425 | |
|
Supplemental disclosure of cash flow information: | | | | | | | |
Change in accrual for purchases of property, plant and equipment | $ | 51,582 | | | $ | 18,692 | |
Capital lease obligation for purchases of property, plant and | | | | | | | |
equipment | $ | 19,912 | | | $ | - | |