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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Cash flows from operating activities:      
Net income $ 118,917 $ 67,983 $ 62,738
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 99,370 93,706 93,567
Loss on disposition of fixed assets 3,914 782 1,274
Impairment of fixed assets 0 0 1,532
(Gain) on sale of marketable securities 0 (51) 54
Unrealized (gain) loss in value of equity securities 1,791 (1,975) 1,606
Deferred income taxes 5,657 5,765 3,418
Unrealized (gain) loss in SERP (2,641) (135) 1,883
Changes in operating assets and liabilities:      
Inventories 10,782 950 (1,247)
Accounts receivable and prepaid expenses (6,804) 2,431 (5,874)
Accounts payable and other liabilities 54,658 (505) (18,583)
Income taxes (3,139) 913 9,330
Other (4,515) 1,822 565
Net cash provided by operating activities 277,990 171,686 150,263
Cash flows from investing activities:      
Purchase of property and equipment (130,991) (101,456) (95,696)
Proceeds from the sale of property and equipment 470 4,245 1,734
Purchase of marketable securities (50,789) (13,620) (5,627)
Proceeds from the sale and maturities of marketable securities 7,730 7,165 12,384
Purchase of intangible assets (127) (1,489) (3,540)
Change in SERP investment (1,188) (4,114) (2,093)
Net cash used in investing activities (174,895) (109,269) (92,838)
Cash flows from financing activities:      
Payments on long-term debt 0 0 (34,988)
Dividends paid (33,354) (33,354) (32,546)
Net cash used in financing activities (33,354) (33,354) (67,534)
Net increase in cash and cash equivalents 69,741 29,063 (10,109)
Cash and cash equivalents at beginning of year 66,871 37,808 47,917
Cash and cash equivalents at end of period $ 136,612 $ 66,871 $ 37,808