XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
4 Months Ended
Apr. 19, 2025
Apr. 20, 2024
CASH FLOWS PROVIDED BY (DISBURSED FOR) OPERATING ACTIVITIES:    
Net income $ 52,998 $ 73,043
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 12,001 11,129
(Gain) loss reclassified from accumulated other comprehensive income to net income (426) 886
Depreciation and amortization 49,268 48,235
Deferred income taxes 5,806 6,951
Impairment of assets 5,495 4,000
Provision for inventory obsolescence 2,501 3,971
Allowances for accounts receivable 1,932 2,445
Pension and postretirement plans cost 127 123
Other 431 481
Changes in operating assets and liabilities, net of acquisitions and disposals:    
Accounts receivable (7,999) (32,833)
Inventories (18,185) 4,523
Hedging activities 6,508 (1,202)
Accounts payable 55,223 (16,499)
Other assets and accrued liabilities (30,046) (104)
NET CASH PROVIDED BY OPERATING ACTIVITIES 135,634 105,149
CASH FLOWS PROVIDED BY (DISBURSED FOR) INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (25,556) (33,332)
Proceeds from sale of property, plant and equipment 14 60
Repurchase of independent distribution rights (19,660) (5,524)
Cash paid at issuance of notes receivable (6,438) (5,071)
Principal payments from notes receivable 7,244 7,932
Acquisition of business (791,880)  
Other investing activities 262 8
NET CASH DISBURSED FOR INVESTING ACTIVITIES (836,014) (35,927)
CASH FLOWS PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES:    
Dividends paid, including dividends on stock-based payment awards (52,323) (51,106)
Stock repurchases (5,499) (8,879)
Change in bank overdrafts (5,967) (10,701)
Proceeds from debt borrowings 843,780 117,500
Debt obligation payments (67,200) (122,500)
Payments on financing leases (20) (95)
Payments for financing fees (10,056) (150)
NET CASH PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES 702,715 (75,931)
Net increase (decrease) in cash and cash equivalents 2,335 (6,709)
Cash and cash equivalents at beginning of period 5,005 22,527
Cash and cash equivalents at end of period $ 7,340 $ 15,818