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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Cash flows from operating activities:    
Net income $ 25,814 $ 31,389
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 26,688 25,629
(Gain) loss on disposition of fixed assets 1 (3)
Unrealized (gain) loss in value of equity securities (325) 214
Deferred income taxes 2,549 3,557
Unrealized (gain) loss in SERP (1,196) 2,184
Changes in operating assets and liabilities:    
Inventories (14,526) (15,768)
Accounts receivable and prepaid expenses 1,410 6,297
Accounts payable and other liabilities (40,190) (26,316)
Income taxes 6,615 7,559
Other 1,104 (262)
Net cash provided by operating activities 7,944 34,480
Cash flows from investing activities:    
Purchase of property and equipment (17,731) (18,793)
Proceeds from the sale of property and equipment 16 13
Purchase of marketable securities (35,958) (25,965)
Proceeds from the sale and maturities of marketable securities 10,372 25,481
Purchase of intangible assets (6) (48)
Proceeds from sale of intangible assets   125
Change in SERP investment 86 359
Net cash used in investing activities (43,221) (18,828)
Cash flows from financing activities:    
Dividends paid (9,145) (8,608)
Net cash used in financing activities (9,145) (8,608)
Net increase (decrease) in cash and cash equivalents (44,422) 7,044
Cash and cash equivalents at beginning of year 157,997 86,048
Cash and cash equivalents at end of period $ 113,575 $ 93,092