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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net income $ 49,424 $ 60,079
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 55,353 54,104
(Gain) loss on disposition of fixed assets 126 (4)
Unrealized (gain) loss in value of equity securities (385) 378
Deferred income taxes (963) 2,421
Unrealized (gain) loss in SERP (1,670) (2,061)
Changes in operating assets and liabilities:    
Inventories (363) (1,752)
Accounts receivable and prepaid expenses (12,166) (7,218)
Accounts payable and other liabilities (17,138) (36,676)
Income taxes 2,311 9,346
Other (32) 1,813
Net cash provided by operating activities 74,498 80,430
Cash flows from investing activities:    
Purchase of property and equipment (65,606) (49,946)
Proceeds from the sale of property and equipment 63 57
Purchase of marketable securities (83,675) (57,700)
Proceeds from the sale and maturities of marketable securities 74,172 27,057
Purchase of intangible assets (419) (29)
Change in SERP investment (1,456) (237)
Net cash used in investing activities (76,921) (80,798)
Cash flows from financing activities:    
Dividends paid (18,291) (18,291)
Net cash used in financing activities (18,291) (18,291)
Net increase (decrease) in cash and cash equivalents (20,714) (18,659)
Cash and cash equivalents at beginning of year 184,217 157,997
Cash and cash equivalents at end of period $ 163,502 $ 139,338