XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 28, 2017
Mar. 29, 2016
Cash flows from operations:    
Net income $ 42,168,000 $ 34,998,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,555,000 36,257,000
Stock-based compensation expense 3,840,000 4,322,000
Tax benefit from stock-based compensation 0 (70,000)
Deferred income taxes 7,034,000 34,000
Other 5,617,000 4,517,000
Changes in operating assets and liabilities, excluding the effect of acquisitions and dispositions:    
Trade and other accounts receivable, net 41,553,000 32,642,000
Inventories 1,730,000 1,322,000
Prepaid expenses and other 2,200,000 3,738,000
Deposits and other 97,000 521,000
Accounts payable 7,806,000 566,000
Accrued expenses (73,883,000) (34,497,000)
Deferred rent 189,000 245,000
Other long-term liabilities (3,145,000) (1,982,000)
Net cash provided by operating activities 75,761,000 82,613,000
Cash flows from investing activities:    
Additions to property and equipment (42,329,000) (50,573,000)
Proceeds from (Repayments of) Notes Payable 216,000 0
Proceeds from sale-leaseback transactions 8,854,000 2,998,000
Net cash used in investing activities (33,259,000) (47,575,000)
Cash flows from financing activities:    
Repayments of borrowings under revolving credit facility (40,000,000) 0
Repayments of Long-term Debt (3,750,000) (3,797,000)
Proceeds from issuance of long-term debt 99,475,000 0
Repurchases of common stock (51,124,000) (113,985,000)
Capitalized debt issuance costs (150,000) 0
Tax benefit from stock-based compensation 0 70,000
Proceeds from issuance of common stock under employee benefit plans 873,000 773,000
Net cash (used in) provided by financing activities 5,324,000 (116,939,000)
Net decrease in cash and cash equivalents 47,826,000 (81,901,000)
Cash and cash equivalents at beginning of period 105,529,000 241,886,000
Cash and cash equivalents at end of period $ 153,355,000 $ 159,985,000