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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 16, 2022
Jul. 17, 2021
Cash flows from operating activities    
Net earnings $ 24,404 $ 36,330
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Non-cash restructuring, asset impairment, and other charges 2,570 3,363
Depreciation and amortization 50,441 49,497
Non-cash rent (2,462) (1,756)
LIFO expense 28,032 4,557
Postretirement benefits (income) expense 392 863
Deferred income taxes 9,071 8,714
Stock-based compensation expense 5,692 5,057
Stock warrant 1,154 1,075
Gain on disposals of assets (131) (262)
Other operating activities 1,051 508
Changes in operating assets and liabilities:    
Accounts receivable (49,528) (12,622)
Inventories (93,919) (1,537)
Prepaid expenses and other assets (128) (9,354)
Accounts payable 67,874 (10,305)
Accrued payroll and benefits (369) (22,781)
Current income taxes (7,501) 15,123
Other accrued expenses and other liabilities (8,124) 7,112
Net Cash Provided by Operating Activities 28,519 73,582
Cash flows from investing activities    
Purchases of property and equipment (46,431) (39,838)
Net proceeds from the sale of assets 4,422 28,406
Acquisitions, net of cash acquired (9,408) 0
Loans to customers 0 (180)
Payments from customers on loans 849 1,590
Other investing activities (139) (16)
Net cash used in investing activities (50,707) (10,038)
Cash flows from financing activities    
Proceeds from senior secured credit facility 720,800 753,619
Payments on senior secured credit facility (658,197) (787,996)
Repayment of other long-term debt and finance lease liabilities (3,771) (3,232)
Share repurchases (6,573) (5,325)
Net payments related to stock-based award activities (4,311) (2,254)
Dividends paid (15,165) (14,274)
Other financing activities (44) 151
Net cash used in financing activities 32,739 (59,311)
Net increase in cash and cash equivalents 10,551 4,233
Cash and cash equivalents at beginning of period 10,666 19,903
Cash and cash equivalents at end of period $ 21,217 $ 24,136