XML 18 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 187,825 $ 132,930
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 294,685 313,985
Gain on disposal of property and equipment—net (120) (4,727)
Tangible asset impairment charges 100 125
LOSS ON EXTINGUISHMENT OF DEBT   53,632
Amortization and write-off of deferred financing costs 3,433 6,175
Amortization of Senior Notes original issue premium   (1,664)
Insurance proceeds relating to operating activities   10,499
Insurance benefit in net income   (10,499)
Deferred tax provision (benefit) 31,581 (82,292)
Share-based compensation expense 15,060 14,429
Provision for doubtful accounts 12,901 7,334
Changes in operating assets and liabilities, net of business acquisitions:    
Increase in receivables (242,229) (149,789)
Increase in inventories (55,921) (98,876)
(Increase) decrease in prepaid expenses and other assets (18,151) 5,495
Increase in accounts payable and bank checks outstanding 278,487 330,818
Decrease in accrued expenses and other liabilities (1,268) (87,893)
Net cash provided by operating activities 506,383 439,682
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of businesses—net of cash (182,823) (94,938)
Proceeds from sales of property and equipment 2,371 10,888
Purchases of property and equipment (162,995) (105,093)
Proceeds from redemption of industrial revenue bonds 22,139  
Investment in marketable securities   (484,624)
Investment in Avero, LLC   (7,658)
Net cash used in investing activities (321,308) (681,425)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt borrowings 1,711,068 1,935,994
Proceeds from debt refinancings   2,213,803
Principal payments on debt and capital leases (1,848,732) (3,315,621)
Repayment of industrial revenue bonds (22,139)  
Redemption of Old Senior Notes   (1,376,927)
Payment for debt financing costs and fees (1,256) (25,941)
Proceeds from initial public offering   1,113,799
Cash distribution to shareholders   (666,332)
Contingent consideration paid for business acquisition (6,375)  
Proceeds from employee share purchase plan 12,077  
Proceeds from exercise of stock options 14,904  
Tax withholding payments for net share-settled equity awards (27,812)  
Proceeds from common stock sales   2,850
Common stock and share-based awards settled (538) (7,708)
Net cash used in financing activities (168,803) (126,083)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 16,272 (367,826)
CASH AND CASH EQUIVALENTS—Beginning of period 131,090 517,802
CASH AND CASH EQUIVALENTS—End of period 147,362 149,976
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest (net of amounts capitalized) 106,132 175,370
Income taxes paid—net 4,885 4,119
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Property and equipment purchases included in accounts payable 18,656 13,691
Capital lease additions 76,554 77,012
Cashless exercise of equity awards 29,195  
Contingent consideration payable for business acquisitions $ 4,200 6,375
Marketable securities transferred in connection with the legal defeasance of the CMBS Fixed Loan Facility   484,624
CMBS Fixed Loan Facility defeasance   $ 471,615