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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Cash flows from operating activities:      
Net income $ 125,196 $ 108,849 $ 118,917
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 104,026 102,804 99,370
(Gain) loss on disposition of fixed assets (2,407) 1,026 3,914
Unrealized (gain) loss in value of equity securities 1,325 900 1,791
Deferred income taxes (852) 12,313 5,657
Unrealized (gain) loss in SERP 5,653 (2,309) (2,641)
Changes in operating assets and liabilities:      
Inventories (23,687) (563) 10,782
Accounts receivable and prepaid expenses 2,436 2,727 (6,804)
Accounts payable and other liabilities 7,695 174 54,658
Income taxes (1,005) 2,302 (3,139)
Other (356) (514) (4,515)
Net cash provided by operating activities 218,024 227,709 277,990
Cash flows from investing activities:      
Purchase of property and equipment (122,169) (151,800) (130,991)
Proceeds from the sale of property and equipment 6,691 5,932 470
Purchase of marketable securities (355,757) (116,268) (50,789)
Proceeds from the sale and maturities of marketable securities 362,237 19,680 7,730
Purchase of intangible assets (819) (208) (127)
Change in SERP investment (1,290) (1,986) (1,188)
Net cash used in investing activities (111,107) (244,650) (174,895)
Cash flows from financing activities:      
Dividends paid (34,968) (33,623) (33,354)
Net cash used in financing activities (34,968) (33,623) (33,354)
Net increase (decrease) in cash and cash equivalents 71,949 (50,564) 69,741
Cash and cash equivalents at beginning of year 86,048 136,612 66,871
Cash and cash equivalents at end of period $ 157,997 $ 86,048 $ 136,612