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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Cash flows from operating activities:    
Net income $ 96,313 $ 86,234
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,604 77,232
(Gain) loss on disposition of fixed assets (2,481) 524
Unrealized (gain) loss in value of equity securities 1,590 463
Deferred income taxes (1,711) 7,812
Unrealized (gain) loss in SERP 6,082 (2,130)
Changes in operating assets and liabilities:    
Inventories (30,499) 11,161
Accounts receivable and prepaid expenses (3,689) 11,289
Accounts payable and other liabilities (9,802) (20,868)
Income taxes 9,248 10,164
Other (344) 224
Net cash provided by operating activities 142,311 182,105
Cash flows from investing activities:    
Purchase of property and equipment (83,335) (118,156)
Proceeds from the sale of property and equipment 6,710 5,856
Purchase of marketable securities (267,106) (19,455)
Proceeds from the sale and maturities of marketable securities 287,124 12,275
Purchase of intangible assets (944) (165)
Proceeds from sale of intangible assets 125  
Change in SERP investment (507) (1,488)
Net cash used in investing activities (57,933) (121,133)
Cash flows from financing activities:    
Dividends paid (25,823) (25,016)
Net cash used in financing activities (25,823) (25,016)
Net increase (decrease) in cash and cash equivalents 58,555 35,956
Cash and cash equivalents at beginning of year 86,048 136,612
Cash and cash equivalents at end of period $ 144,603 $ 172,568