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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Cash flows from operating activities:      
Net income $ 103,828 $ 125,196 $ 108,849
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 108,438 104,026 102,804
(Gain) loss on disposition of fixed assets (46) (2,407) 1,026
Unrealized (gain) loss in value of equity securities 275 1,325 900
Deferred income taxes 4,955 (852) 12,313
Unrealized (gain) loss in SERP (2,834) 5,653 (2,309)
Changes in operating assets and liabilities:      
Inventories (2,883) (23,687) (563)
Accounts receivable and prepaid expenses (18,564) 2,436 2,727
Accounts payable and other liabilities 13,095 7,695 174
Income taxes (5,839) (1,005) 2,302
Other 1,176 (356) (514)
Net cash provided by operating activities 201,602 218,024 227,709
Cash flows from investing activities:      
Purchase of property and equipment (104,010) (122,169) (151,800)
Proceeds from the sale of property and equipment 867 6,691 5,932
Purchase of marketable securities (112,979) (355,757) (116,268)
Proceeds from the sale and maturities of marketable securities 79,518 362,237 19,680
Purchase of intangible assets (1,075) (819) (208)
Change in SERP investment (1,120) (1,290) (1,986)
Net cash used in investing activities (138,800) (111,107) (244,650)
Cash flows from financing activities:      
Dividends paid (36,582) (34,968) (33,623)
Net cash used in financing activities (36,582) (34,968) (33,623)
Net increase (decrease) in cash and cash equivalents 26,220 71,949 (50,564)
Cash and cash equivalents at beginning of year 157,997 86,048 136,612
Cash and cash equivalents at end of period $ 184,217 $ 157,997 $ 86,048