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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 13, 2019
Jul. 14, 2018
CASH FLOWS PROVIDED BY (DISBURSED FOR) OPERATING ACTIVITIES:    
Net income $ 118,961 $ 96,689
Adjustments to reconcile net income to net cash provided by operating activities:    
Restructuring and related impairment charges 1,781  
Stock-based compensation 4,311 5,450
Impairment of assets   2,483
(Gain) loss reclassified from accumulated other comprehensive income to net income (4,255) 488
Depreciation and amortization 78,148 79,287
Deferred income taxes 7,521 22,452
Provision for inventory obsolescence 416 1,186
Allowances for accounts receivable 6,554 2,308
Pension and postretirement plans cost 1,741 5,329
Other 1,352 (3,597)
Qualified pension plan contributions   (40,000)
Changes in operating assets and liabilities, net of acquisitions and disposals:    
Accounts receivable, net (29,581) (27,755)
Inventories, net (904) (5,625)
Hedging activities, net 1,950 (2,366)
Accounts payable 8,567 60,396
Other assets and accrued liabilities 11,495 (48,102)
NET CASH PROVIDED BY OPERATING ACTIVITIES 208,057 148,623
CASH FLOWS PROVIDED BY (DISBURSED FOR) INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (47,412) (49,534)
Proceeds from sale of property, plant and equipment 543 1,290
Repurchase of independent distributor territories (1,296) (1,585)
Cash paid at issuance of notes receivable (13,449) (14,354)
Principal payments from notes receivable 15,815 14,632
Other investing activities 55 506
NET CASH DISBURSED FOR INVESTING ACTIVITIES (45,744) (49,045)
CASH FLOWS PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES:    
Dividends paid, including dividends on share-based payment awards (79,610) (74,288)
Exercise of stock options   791
Stock repurchases (7,054) (2,489)
Change in bank overdrafts (1,133) 3,333
Proceeds from debt borrowings 335,900 1,000
Debt obligation payments (422,650) (3,500)
Payments on financing leases (3,303)  
NET CASH DISBURSED FOR FINANCING ACTIVITIES (177,850) (75,153)
Net (decrease) increase in cash and cash equivalents (15,537) 24,425
Cash and cash equivalents at beginning of period 25,306 5,129
Cash and cash equivalents at end of period $ 9,769 $ 29,554