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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Cash flows from operating activities:      
Net income $ 108,849 $ 118,917 $ 67,983
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 102,804 99,370 93,706
(Gain) loss on disposition of fixed assets 1,026 3,914 782
(Gain) on sale of marketable securities 0   (51)
Unrealized (gain) loss in value of equity securities 900 1,791 (1,975)
Deferred income taxes 12,313 5,657 5,765
Unrealized (gain) loss in SERP (2,309) (2,641) (135)
Changes in operating assets and liabilities:      
Inventories (563) 10,782 950
Accounts receivable and prepaid expenses 2,727 (6,804) 2,431
Accounts payable and other liabilities 174 54,658 (505)
Income taxes 2,302 (3,139) 913
Other (514) (4,515) 1,822
Net cash provided by operating activities 227,709 277,990 171,686
Cash flows from investing activities:      
Purchase of property and equipment (151,800) (130,991) (101,456)
Proceeds from the sale of property and equipment 5,932 470 4,245
Purchase of marketable securities (116,268) (50,789) (13,620)
Proceeds from the sale and maturities of marketable securities 19,680 7,730 7,165
Purchase of intangible assets (208) (127) (1,489)
Change in SERP investment (1,986) (1,188) (4,114)
Net cash used in investing activities (244,650) (174,895) (109,269)
Cash flows from financing activities:      
Dividends paid (33,623) (33,354) (33,354)
Net cash used in financing activities (33,623) (33,354) (33,354)
Net increase (decrease) in cash and cash equivalents (50,564) 69,741 29,063
Cash and cash equivalents at beginning of year 136,612 66,871 37,808
Cash and cash equivalents at end of period $ 86,048 $ 136,612 $ 66,871