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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 11, 2020
Jul. 13, 2019
Cash flows from operating activities    
Net earnings $ 43,869 $ 655
Loss from discontinued operations, net of tax   99
Earnings from continuing operations 43,869 754
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Non-cash restructuring, asset impairment, and other charges 12,323 15,226
Depreciation and amortization 48,126 47,161
Non-cash rent (3,618) (4,202)
LIFO expense 2,771 2,493
Pension settlement expense   8,877
Postretirement benefits (income) expense 52 (1,092)
Deferred taxes on income (2,100) 2,509
Stock-based compensation expense 4,246 6,098
Postretirement benefit plan contributions (355) (231)
Loss (gain) on disposals of assets 3,368 (6,863)
Amortization of financing fees and other 1,109 1,335
Changes in operating assets and liabilities:    
Accounts receivable (30,576) (15,480)
Inventories (18,218) 12,755
Prepaid expenses and other assets (7,207) (41)
Accounts payable 104,957 37,216
Accrued payroll and benefits 31,633 (8,348)
Other accrued expenses and other liabilities 7,868 5,669
Net cash provided by operating activities 198,248 103,836
Cash flows from investing activities    
Purchases of property and equipment (30,609) (31,771)
Net proceeds from the sale of assets 8,002 16,129
Acquisitions, net of cash acquired   (86,659)
Loans to customers (822) (2,292)
Payments from customers on loans 1,592 2,034
Other (7) (50)
Net cash used in investing activities (21,844) (102,609)
Cash flows from financing activities    
Proceeds from senior secured revolving credit facility 675,806 623,276
Payments on senior secured revolving credit facility (805,621) (618,180)
Proceeds from other long-term debt   5,800
Repayment of other long-term debt and finance lease liabilities (3,774) (9,758)
Financing fees paid (182) (482)
Proceeds from resolution of acquisition contingencies   15,000
Share repurchase (10,000)  
Net payments related to stock-based award activities (1,389) (1,766)
Proceeds from exercise of stock options   181
Dividends paid (20,771) (13,804)
Net cash (used in) provided by financing activities (165,931) 267
Net cash used in discontinued operations 0 (130)
Net increase in cash and cash equivalents 10,473 1,364
Cash and cash equivalents at beginning of period 24,172 18,585
Cash and cash equivalents at end of period $ 34,645 $ 19,949