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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Cash flows from operating activities:    
Net income $ 31,389 $ 24,255
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,629 25,359
(Gain) loss on disposition of fixed assets (3) 63
Unrealized (gain) loss in value of equity securities 214 (237)
Deferred income taxes 3,557 2,133
Unrealized (gain) loss in SERP 2,184 (448)
Changes in operating assets and liabilities:    
Inventories (15,768) (7,709)
Accounts receivable and prepaid expenses 6,297 15,763
Accounts payable and other liabilities (26,316) (49,776)
Income taxes 7,559 5,146
Other (262) 388
Net cash provided by operating activities 34,480 14,937
Cash flows from investing activities:    
Purchase of property and equipment (18,793) (37,043)
Proceeds from the sale of property and equipment 13 29
Purchase of marketable securities (25,965) (10,165)
Proceeds from the sale and maturities of marketable securities 25,481 6,125
Purchase of intangible assets (48) (17)
Proceeds from sale of intangible assets 125  
Change in SERP investment 359 (922)
Net cash used in investing activities (18,828) (41,993)
Cash flows from financing activities:    
Dividends paid (8,608) (8,339)
Net cash used in financing activities (8,608) (8,339)
Net increase (decrease) in cash and cash equivalents 7,044 (35,395)
Cash and cash equivalents at beginning of year 86,048 136,612
Cash and cash equivalents at end of period $ 93,092 $ 101,217