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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income $ 57,727 $ 68,161
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 51,270 47,794
(Gain) loss on disposition of fixed assets 402 1,858
Unrealized (gain) loss in value of equity securities 82 2,013
Deferred income taxes 3,911 (1,057)
Unrealized (gain) loss in SERP (1,768) 383
Changes in operating assets and liabilities:    
Inventories 6,064 1,351
Accounts receivable and prepaid expenses 17,525 4,365
Accounts payable and other liabilities (43,899) (6,302)
Income taxes 8,225 24,682
Other 305 (4,173)
Net cash provided by operating activities 99,844 139,075
Cash flows from investing activities:    
Purchase of property and equipment (77,750) (49,731)
Proceeds from the sale of property and equipment 5,745 277
Purchase of marketable securities (13,385) (33,194)
Proceeds from the sale and maturities of marketable securities 8,630 2,675
Purchase of intangible assets (17) 41
Change in SERP investment (1,797) (677)
Net cash used in investing activities (78,574) (80,609)
Cash flows from financing activities:    
Dividends paid (16,677) (16,677)
Net cash used in financing activities (16,677) (16,677)
Net increase in cash and cash equivalents 4,593 41,789
Cash and cash equivalents at beginning of year 136,612 66,871
Cash and cash equivalents at end of period $ 141,205 $ 108,660