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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 13, 2024
Jul. 15, 2023
Cash flows from operating activities    
Net earnings $ 24,460 $ 30,805
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Non-cash restructuring, asset impairment, and other charges 12,129 1,735
Depreciation and amortization 53,988 52,203
Non-cash rent (1,676) (2,044)
LIFO expense 3,529 15,839
Postretirement benefits income (1,085) (1,149)
Deferred income taxes 4,254 12,214
Stock-based compensation expense 5,576 7,612
Stock warrant 516 960
Loss on disposals of assets 44 46
Other operating activities 991 879
Changes in operating assets and liabilities:    
Accounts receivable (3,619) (20,163)
Inventories 48,517 (25,313)
Prepaid expenses and other assets 2,213 2,068
Accounts payable 9,962 32,252
Accrued payroll and benefits (25,604) (46,469)
Current income taxes (3,604) (7,645)
Other accrued expenses and other liabilities 1,507 (4,174)
Net cash provided by operating activities 132,098 49,656
Cash flows from investing activities    
Purchases of property and equipment (67,074) (60,824)
Net proceeds from the sale of assets 1,901 3,996
Acquisitions, net of cash acquired (14,898) (780)
Payments from customers on loans 983 740
Other investing activities (407) (189)
Net cash used in investing activities (79,495) (57,057)
Cash flows from financing activities    
Proceeds from senior secured credit facility 715,399 781,075
Payments on senior secured credit facility (721,069) (743,132)
Repayment of other long-term debt and finance lease liabilities (5,879) (4,366)
Share repurchases (15,051) (18,527)
Net payments related to stock-based award activities (3,181) (3,948)
Dividends paid (15,360) (15,117)
Other financing activities (184) (760)
Net cash used in financing activities (45,325) (4,775)
Net increase (decrease) in cash and cash equivalents 7,278 (12,176)
Cash and cash equivalents at beginning of period 17,964 29,086
Cash and cash equivalents at end of period $ 25,242 $ 16,910