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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Operating activities    
Net income $ 28,567 $ 32,970
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27,302 27,160
Other 363 (1,029)
Changes in operating assets and liabilities, net of assets acquired:    
Accounts receivable (41,882) 6,954
Accounts payable and accrued expenses 2,654 (13,492)
Self-insurance accruals 8,969 7,235
Prepaid expenses 14,633 11,670
Other, net 1,681 432
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities, Total 13,720 38,930
Net cash provided by operating activities 42,287 71,900
Capital expenditures:    
Equipment (40,510) (33,617)
Land and buildings 9,336 6,257
Purchases of businesses, net of cash acquired and debt incurred (3,366) (8,405)
Proceeds from sales of property and equipment 3,378 4,231
Payments to Acquire Marketable Securities (22,894) 0
Proceeds from Sale and Maturity of Marketable Securities 1,274 0
Net cash used in investing activities (71,454) (44,048)
Financing activities    
Revolving credit facility borrowings 331,941 142,306
Revolving credit facility payments (273,096) (118,655)
Purchase of common shares for treasury (36,974) (27,266)
Sale of common shares from treasury 17,341 12,408
Dividends paid (1,751) (1,346)
Proceeds from notes payable 24,803 160,914
Payments of notes payable (40,442) (176,794)
Finance Lease, Principal Payments 1,639 2,049
Net cash provided by (used in) financing activities 20,183 (10,482)
Effect of exchange rate changes on cash (14) 95
(Decrease)/increase in cash (8,998) 17,465
Cash, beginning of period 19,460 16,201
Cash, end of period 10,462 33,666
Supplemental cash flow information follows:    
Interest paid 3,074 2,579
Income taxes paid $ 5,419 $ 14,093