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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 26, 2020
Jun. 28, 2019
Cash flows from operating activities:    
Net income $ 3,575,000 $ 32,446,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, depletion, and amortization 23,522,000 22,607,000
Amortization of deferred financing costs in interest expense 364,000 472,000
Stock-based compensation expense (non-cash) 3,966,000 3,541,000
Deferred income tax expense (benefit) (234,000) 4,578,000
Net pension curtailments and settlements 94,000 3,296,000
Held for sale impairment charges 10,766,000 0
Changes in assets and liabilities:    
Decrease (increase) in accounts receivable 5,331,000 (11,778,000)
Decrease (increase) in inventory (20,585,000) 1,306,000
Decrease (increase) in prepaid and other current assets (7,264,000) (588,000)
Increase (decrease) in accounts payable and accrued expenses (7,634,000) (18,813,000)
Increase (decrease) in unearned revenue (257,000) (88,000)
Increase (decrease) in interest and taxes payable 1,058,000 (1,130,000)
Increase (decrease) in unearned income due to customer prepayments 26,713,000 0
Domestic pension plan contributions 0 (3,000,000)
Other-net (2,982,000) (2,803,000)
Net cash provided by operating activities 36,433,000 30,046,000
Cash flows from investing activities:    
Payments for purchase of property, plant, and equipment (32,034,000) (13,833,000)
Payments for mine development 0 1,591,000
Proceeds from sale of property, plant, and equipment 33,000 15,000
Net cash used in investing activities (32,001,000) (15,409,000)
Cash flows from financing activities:    
Short-term debt under revolving credit agreement 150,000,000 0
Repayment of long-term debt (428,000) (397,000)
Principal payments under finance lease obligations 626,000 599,000
Cash dividends paid (4,582,000) (4,368,000)
Repurchase of common stock (6,766,000) (199,000)
Payments of withholding taxes for stock-based compensation awards (2,025,000) (4,763,000)
Net cash provided by (used in) financing activities 135,573,000 (10,326,000)
Effects of exchange rate changes 56,000 (100,000)
Net change in cash and cash equivalents 140,061,000 4,211,000
Cash and cash equivalents at beginning of period 125,007,000 70,645,000
Cash and cash equivalents at end of period $ 265,068,000 $ 74,856,000