XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
8 Months Ended
Sep. 11, 2016
Sep. 06, 2015
Cash flows from operating activities:    
Net income $ 141,945 $ 130,030
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25,460 22,695
Loss (gain) on sale/disposal of assets 473 (73)
Amortization of debt issuance costs 4,562 3,825
Provision for deferred income taxes 2,657 959
Non-cash compensation expense 12,344 11,188
Tax impact from equity-based compensation (41,479) (15,745)
Other (406) (1,216)
Changes in operating assets and liabilities 17,061 15,645
Net cash provided by operating activities 162,617 167,308
Cash flows from investing activities:    
Capital expenditures (38,254) (33,834)
Proceeds from sale of assets 4,658 10,464
Changes in restricted cash 57,371 29,933
Other (1,669) 1,304
Net cash provided by investing activities 22,106 7,867
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 63,000 5,000
Repayments of long-term debt and capital lease obligations (77,592) (5,198)
Proceeds from exercise of stock options 12,324 4,459
Tax impact from equity-based compensation 41,479 15,745
Purchases of common stock (283,858) (138,550)
Tax payments for restricted stock upon vesting (5,605) (7,442)
Payments of common stock dividends and equivalents (37,548) (48,141)
Net cash used in financing activities (287,800) (174,127)
Effect of exchange rate changes on cash and cash equivalents (391) 603
Change in cash and cash equivalents (103,468) 1,651
Cash and cash equivalents, at beginning of period 133,449 [1] 30,855
Cash and cash equivalents, at end of period $ 29,981 $ 32,506
[1] The balance sheet at January 3, 2016 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.