XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
4 Months Ended
Apr. 21, 2018
Apr. 22, 2017
CASH FLOWS PROVIDED BY (DISBURSED FOR) OPERATING ACTIVITIES:    
Net income $ 51,247 $ 60,418
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 3,375 5,975
Impairment of assets 2,483  
Gain on divestiture   (28,875)
Loss reclassified from accumulated other comprehensive income to net income 353 727
Depreciation and amortization 44,189 47,188
Deferred income taxes 5,132 2,045
Provision for inventory obsolescence 2,073 1,939
Allowances for accounts receivable 976 695
Pension and postretirement plans cost (income) 4,309 (1,612)
Other (706) (1,862)
Qualified pension plan contributions (10,000)  
Changes in operating assets and liabilities, net of acquisitions and disposals:    
Accounts receivable, net (12,072) (14,534)
Inventories, net (2,325) (1,401)
Hedging activities, net 16,001 (9,057)
Other assets 3,945 1,707
Accounts payable 28,540 14,998
Other accrued liabilities (40,408) 3,570
NET CASH PROVIDED BY OPERATING ACTIVITIES 97,112 81,921
CASH FLOWS PROVIDED BY (DISBURSED FOR) INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (26,550) (17,465)
Proceeds from sale of property, plant and equipment 499 329
Repurchase of independent distributor territories (1,135) (3,032)
Cash paid at issuance of notes receivable (8,642) (6,641)
Principal payments from notes receivable 8,171 7,370
Proceeds from sale of mix plant   41,230
Other investing activities 228 641
NET CASH (DISBURSED FOR) PROVIDED BY INVESTING ACTIVITIES (27,429) 22,432
CASH FLOWS PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES:    
Dividends paid, including dividends on share-based payment awards (36,243) (33,885)
Exercise of stock options 791 6,249
Stock repurchases, including accelerated stock repurchases (2,489) (2,151)
Change in bank overdrafts (1,405) (10,513)
Proceeds from debt borrowings 1,000 304,100
Debt and capital lease obligation payments (2,250) (368,050)
NET CASH DISBURSED FOR FINANCING ACTIVITIES (40,596) (104,250)
Net increase in cash and cash equivalents 29,087 103
Cash and cash equivalents at beginning of period 5,129 6,410
Cash and cash equivalents at end of period $ 34,216 $ 6,513