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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
4 Months Ended
Apr. 23, 2022
Apr. 24, 2021
Cash flows from operating activities    
Net earnings $ 19,289 $ 19,516
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Non-cash restructuring, asset impairment, and other charges (13) (345)
Depreciation and amortization 28,473 28,091
Non-cash rent (1,283) (944)
LIFO expense 10,187 1,655
Postretirement benefits (income) expense (109) 960
Deferred income taxes 10,704 10,967
Stock-based compensation expense 4,295 4,185
Stock warrant 673 645
Gain on disposals of assets (77) (182)
Other operating activities 576 468
Changes in operating assets and liabilities:    
Accounts receivable (33,680) 11,077
Inventories (44,186) (62,435)
Prepaid expenses and other assets 4,984 (3,972)
Accounts payable 43,032 (15,539)
Accrued payroll and benefits (21,582) (34,130)
Current income taxes (6,553) 7,251
Other accrued expenses and other liabilities (4,760) 954
Net cash provided by (used in) operating activities 9,970 (31,778)
Cash flows from investing activities    
Purchases of property and equipment (29,938) (22,124)
Net proceeds from the sale of assets 2,581 25,826
Loans to customers   (130)
Payments from customers on loans 421 693
Other investing activities (9) (8)
Net cash (used in) provided by investing activities (26,945) 4,257
Cash flows from financing activities    
Proceeds from senior secured credit facility 420,582 484,142
Payments on senior secured credit facility (383,913) (442,559)
Repayment of other long-term debt and finance lease liabilities (2,017) (1,514)
Net payments related to stock-based award activities (4,288) (2,079)
Dividends paid (7,714) (7,119)
Other financing activities (11) 39
Net cash provided by financing activities 22,639 30,910
Net increase in cash and cash equivalents 5,664 3,389
Cash and cash equivalents at beginning of period 10,666 19,903
Cash and cash equivalents at end of period $ 16,330 $ 23,292