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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 75,263 $ 83,305
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 83,909 81,533
(Gain) loss on disposition of fixed assets (4,466) 5
Unrealized (gain) loss in value of equity securities (1,038) 815
Deferred income taxes (6,740) 4,476
Unrealized (gain) loss in SERP (3,201) (1,222)
Changes in operating assets and liabilities:    
Inventories (8,171) (10,450)
Accounts receivable and prepaid expenses (31,304) (26,342)
Accounts payable and other liabilities (4,546) (89,437)
Income taxes 244 81
Other 374 359
Net cash provided by operating activities 100,324 43,125
Cash flows from investing activities:    
Purchase of property and equipment (107,932) (75,645)
Proceeds from the sale of property and equipment 6,329 336
Purchase of marketable securities (135,197) (92,569)
Proceeds from the sale and maturities of marketable securities 130,967 58,725
Purchase of intangible assets (419) (29)
Change in SERP investment (1,094) (213)
Net cash used in investing activities (107,347) (109,394)
Cash flows from financing activities:    
Dividends paid (27,436) (27,436)
Net cash used in financing activities (27,436) (27,436)
Net increase (decrease) in cash and cash equivalents (34,459) (93,706)
Cash and cash equivalents at beginning of year 184,217 157,997
Cash and cash equivalents at end of period $ 149,757 $ 64,291