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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 24, 2022
Cash flows from operating activities:    
Net income $ 83,305 $ 96,313
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 81,533 77,604
(Gain) loss on disposition of fixed assets 5 (2,481)
Unrealized (gain) loss in value of equity securities 815 1,590
Deferred income taxes 4,476 (1,711)
Unrealized (gain) loss in SERP (1,222) 6,082
Changes in operating assets and liabilities:    
Inventories (10,450) (30,499)
Accounts receivable and prepaid expenses (26,342) (3,689)
Accounts payable and other liabilities (89,437) (9,802)
Income taxes 81 9,248
Other 359 (344)
Net cash provided by operating activities 43,125 142,311
Cash flows from investing activities:    
Purchase of property and equipment (75,645) (83,335)
Proceeds from the sale of property and equipment 336 6,710
Purchase of marketable securities (92,569) (267,106)
Proceeds from the sale and maturities of marketable securities 58,725 287,124
Purchase of intangible assets (29) (944)
Proceeds from sale of intangible assets   125
Change in SERP investment (213) (507)
Net cash used in investing activities (109,394) (57,933)
Cash flows from financing activities:    
Dividends paid (27,436) (25,823)
Net cash used in financing activities (27,436) (25,823)
Net increase (decrease) in cash and cash equivalents (93,706) 58,555
Cash and cash equivalents at beginning of year 157,997 86,048
Cash and cash equivalents at end of period $ 64,291 $ 144,603