XML 43 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 03, 2015
Sep. 27, 2014
Operating activities:    
Net income $ 43,705 $ 166,291
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 52,585 46,084
Stock-based compensation expense 4,255 4,962
(Gain)/loss on sale of fixed assets, net (90) 827
Gain on sale of route businesses, net (1,368) (1,438)
Gain on sale of investments, net (585) 0
Gain on sale of Private Brands, excluding transaction costs 0 (229,322)
Impairment charges 0 7,503
Deferred income taxes 6,627 (26,899)
Provision for doubtful accounts 866 1,413
Change in inventory reserves 647 (293)
Changes in operating assets and liabilities, excluding business acquisition and disposal (12,184) 29,456
Net cash provided by/(used in) operating activities 94,458 (1,416)
Investing activities:    
Purchases of fixed assets (38,800) (52,990)
Purchases of route businesses (19,622) (19,102)
Proceeds from sale of fixed assets and insurance recoveries 1,524 1,843
Proceeds from sale of route businesses 23,750 21,072
Proceeds from sale of investments 826 0
Proceeds from sale of Private Brands 0 430,017
Business acquisition, net of cash acquired 0 (202,230)
Net cash (used in)/provided by investing activities (32,322) 178,610
Financing activities:    
Dividends paid to stockholders (33,884) (33,666)
Debt issuance costs 0 (1,854)
Issuances of common stock 7,152 5,442
Repurchases of common stock (836) (1,328)
Repayments of long-term debt (5,625) (11,624)
Net repayments of existing credit facilities 0 (35,000)
Net cash used in financing activities (33,193) (78,030)
Increase in cash and cash equivalents 28,943 99,164
Cash and cash equivalents at beginning of period 35,373 14,080
Cash and cash equivalents at end of period 64,316 113,244
Supplemental information:    
Cash paid for income taxes, net of refunds of $678 and $192, respectively 18,420 113,246
Cash paid for interest $ 7,008 $ 8,976