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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Dec. 28, 2014
Cash flows from operating activities:          
Net income $ 40,195 $ 29,007 $ 67,702 $ 75,310  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     78,799 81,991  
Share-based compensation     12,242 15,158  
Impairment of long-lived assets 10,018 77 11,955 2,606 $ 19,613
Deferred income tax     19,730 47,855  
Excess tax benefits from share-based compensation     (46,374) (17,667)  
Non-cash rent expense, net     2,607 2,528  
Net receipt of deferred vendor incentives     8,396 13,882  
System optimization gains, net     (14,881) (74,432)  
Gain on disposal of Bakery     (27,338) 0  
Distributions received from TimWen joint venture     5,825 6,443  
Equity in earnings in joint venture, net     (4,545) (4,872)  
Payments for termination of cash flow hedges     (7,337) 0  
Loss on early extinguishment of debt 7,295 0 7,295 0  
Accretion of long-term debt     600 592  
Amortization of deferred financing costs     1,589 1,193  
Other, net     1,060 (7,831)  
Changes in operating assets and liabilities:          
Restricted cash     (27,190) 0  
Accounts and notes receivable     (14,876) (9,650)  
Inventories     168 1,200  
Prepaid expenses and other current assets     (3,869) (7,197)  
Accounts payable     10,664 (3,699)  
Accrued expenses and other current liabilities     (29,108) (42,401)  
Net cash provided by operating activities     53,114 81,009  
Cash flows from investing activities:          
Capital expenditures     (130,548) (114,521)  
Acquisitions     (1,232) (2,335)  
Dispositions     38,697 116,204  
Proceeds from sale of Bakery     78,408 0  
Payments for cost method investments     (2,000) (400)  
Change in restricted cash     484 1,750  
Other, net     919 1,441  
Net cash (used in) provided by investing activities     (15,272) 2,139  
Cash flows from financing activities:          
Proceeds from long-term debt     2,275,000 0  
Repayments of long-term debt     (1,302,055) (19,486)  
Deferred financing costs     (39,374) 0  
Repurchases of common stock     (63,206) (277,275)  
Dividends     (40,189) (36,648)  
Proceeds from stock option exercises     19,688 23,800  
Excess tax benefits from share-based compensation     46,374 17,667  
Net cash provided by (used in) financing activities     896,238 (291,942)  
Net cash provided by (used in) operations before effect of exchange rate changes on cash     934,080 (208,794)  
Effect of exchange rate changes on cash     (3,789) 302  
Net increase (decrease) in cash and cash equivalents     930,291 (208,492)  
Cash and cash equivalents at beginning of period     267,276 580,152 580,152
Cash and cash equivalents at end of period $ 1,197,567 $ 371,660 1,197,567 371,660 $ 267,276
Cash paid for:          
Interest     27,452 26,225  
Income taxes, net of refunds     11,845 6,699  
Supplemental non-cash investing and financing activities:          
Capital expenditures included in accounts payable     30,927 39,273  
Capitalized lease obligations     20,210 9,113  
Notes receivable     2,023 0  
Accrued debt issuance costs     $ 3,720 $ 0