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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities:    
Net income $ 26,689 $ 14,304
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,886 23,125
(Gain) Loss on disposition of fixed assets 1,425 608
(Gain) Loss on sale of marketable securities (8) 0
Unrealized (gain) loss in value of equity securities 1,922 (625)
Deferred income taxes (21) (1,014)
Unrealized (gain) loss in SERP 2,676 (1,008)
Changes in operating assets and liabilities:    
Inventories 46,385 138
Accounts receivable and prepaid expenses (2,492) 9,894
Accounts payable and other liabilities 14,919 (18,912)
Income taxes 9,329 5,553
Other 53 588
Net cash provided by operating activities 124,763 32,651
Cash flows from investing activities:    
Purchase of property and equipment (24,848) (24,444)
Proceeds from the sale of property and equipment 161 84
Purchase of marketable securities (2,079) (3,960)
Proceeds from maturities of marketable securities 1,800 235
Purchase of intangible assets 41 (540)
Change in SERP investment (91) (1,708)
Net cash used in investing activities (25,016) (30,333)
Cash flows from financing activities:    
Dividends paid (8,339) (8,339)
Net cash used in financing activities (8,339) (8,339)
Net increase (decrease) in cash and cash equivalents 91,408 (6,021)
Cash and cash equivalents at beginning of year 66,871 37,808
Cash and cash equivalents at end of period $ 158,279 $ 31,787