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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net income $ 23,166 $ 25,814
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,447 26,688
(Gain) loss on disposition of fixed assets 220 1
Unrealized (gain) loss in value of equity securities (234) (325)
Deferred income taxes (407) 2,549
Unrealized (gain) loss in SERP (1,306) (1,196)
Changes in operating assets and liabilities:    
Inventories 395 (14,526)
Accounts receivable and prepaid expenses (1,857) 1,410
Accounts payable and other liabilities (20,175) (40,190)
Income taxes 7,455 6,615
Other (466) 1,104
Net cash provided by operating activities 34,239 7,944
Cash flows from investing activities:    
Purchase of property and equipment (35,530) (17,731)
Proceeds from the sale of property and equipment 32 16
Purchase of marketable securities (62,814) (35,958)
Proceeds from the sale and maturities of marketable securities 26,798 10,372
Purchase of intangible assets (419) (6)
Change in SERP investment (1,192) 86
Net cash used in investing activities (73,125) (43,221)
Cash flows from financing activities:    
Dividends paid (9,145) (9,145)
Net cash used in financing activities (9,145) (9,145)
Net increase (decrease) in cash and cash equivalents (48,031) (44,422)
Cash and cash equivalents at beginning of year 184,217 157,997
Cash and cash equivalents at end of period $ 136,185 $ 113,575