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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2021
Dec. 31, 2020
Dec. 26, 2019
OPERATING ACTIVITIES      
Net earnings (loss) $ (43,293) $ (124,866) $ 42,115
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:      
Losses on investments in joint ventures 92 1,539 274
Distributions from joint ventures 0 0 200
Loss (gain) on disposition of property, equipment and other assets (3,163) (856) 1,149
Impairment charges 5,766 24,676 1,874
Depreciation and amortization 72,127 75,052 72,277
Amortization of debt issuance costs and debt discount 2,198 2,235 285
Share-based compensation 9,316 4,385 3,523
Deferred income taxes (15,843) (38,836) 9,111
Other long-term obligations 1,689 2,969 1,011
Contribution of the Company’s stock to savings and profit-sharing plan 1,011 1,315 1,181
Changes in operating assets and liabilities:      
Accounts receivable (22,055) 23,106 (3,781)
Government grants receivable 578 (4,913) 0
Other assets (2,255) 3,476 1,102
Operating leases (5,325) 9,185 (3,355)
Accounts payable 21,501 (32,131) 9,733
Income taxes 8,508 1,467 67
Taxes other than income taxes 1,258 (2,305) 1,664
Accrued compensation 12,841 (10,422) 508
Other accrued liabilities 1,300 (3,630) 2,541
Total adjustments 89,544 56,312 99,364
Net cash provided by (used in) operating activities 46,251 (68,554) 141,479
INVESTING ACTIVITIES      
Capital expenditures (17,082) (21,363) (64,086)
Acquisition of theatres, net of cash acquired and working capital assumed 0 0 (30,081)
Proceeds from disposals of property, equipment and other assets 22,145 4,485 22
Capital contribution in joint venture (2,427) (28) 0
Proceeds from sale of trading securities 377 5,184 0
Purchase of trading securities (3,080) (801) 0
Life insurance premium reimbursement 11,411 0 0
Other investing activities (461) 450 199
Net cash provided by (used in) investing activities 10,883 (12,073) (93,946)
Debt transactions:      
Proceeds from borrowings on revolving credit facility 178,500 221,500 335,000
Repayment of borrowings on revolving credit facility (178,500) (302,500) (333,000)
Proceeds from short-term borrowings 0 90,800 0
Repayment on short-term borrowings (40,346) (2,955) 0
Proceeds from convertible senior notes 0 100,050 0
Principal payments on long-term debt (10,717) (9,447) (24,620)
Proceeds received from PPP loans expected to be repaid 0 3,424 0
Proceeds received from borrowing on insurance policy 6,700 0 0
Principal payments on finance lease obligations (2,774) (2,007) (2,544)
Debt issuance costs (208) (7,560) 0
Equity transactions:      
Treasury stock transactions, except for stock options (417) (534) (702)
Exercise of stock options 594 379 1,520
Capped call transactions 0 (16,908) 0
Dividends paid 0 (5,145) (19,311)
Distributions to noncontrolling interest 0 0 (185)
Net cash provided by (used in) financing activities (47,168) 69,097 (43,842)
Net increase (decrease) in cash, cash equivalents and restricted cash 9,966 (11,530) 3,691
Cash, cash equivalents and restricted cash at beginning of year 14,088 25,618 21,927
Cash, cash equivalents and restricted cash at end of year 24,054 14,088 25,618
Supplemental Information:      
Change in accounts payable for additions to property and equipment $ 1,122 $ (4,081) $ 2,185