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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 18, 2015
Jul. 12, 2014
Cash flows from operating activities:    
Net income $ 298,110 $ 287,214
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 145,860 152,703
Share-based compensation 17,726 12,363
Loss on property and equipment, net 7,027 989
Other 1,432 1,402
(Benefit) provision for deferred income taxes (8,481) 12,201
Excess tax benefit from share-based compensation (8,435) (5,138)
Net increase decrease in, net of effects from acquisition of businesses:    
Receivables, net (76,124) (87,365)
Inventories, net (182,504) (217,372)
Other assets (10,498) (39,048)
Accounts payable 85,907 169,352
Accrued expenses 55,741 32,181
Other liabilities 5,055 1,079
Net cash provided by operating activities 330,816 320,561
Cash flows from investing activities:    
Purchases of property and equipment (114,535) (106,270)
Business acquisitions, net of cash acquired (16,431) (2,059,184)
Proceeds from sales of property and equipment 477 130
Net cash used in investing activities (130,489) (2,165,324)
Cash flows from financing activities:    
Increase in bank overdrafts 9,880 6,221
Borrowings under credit facilities 460,700 1,677,600
Payments on credit facilities (644,100) (862,600)
Dividends paid (13,227) (13,178)
Proceeds from the issuance of common stock, primarily for employee stock purchase plan 2,512 4,208
Tax withholdings related to the exercise of stock appreciation rights (9,589) (4,120)
Excess tax benefit from share-based compensation 8,435 5,138
Repurchase of common stock (1,734) (757)
Contingent consideration related to previous business acquisition 0 (10,047)
Other (207) (406)
Net cash (used in) provided by financing activities (187,330) 802,059
Effect of exchange rate changes on cash (3,132) (2,321)
Net increase (decrease) in cash and cash equivalents 9,865 (1,045,025)
Cash and cash equivalents, beginning of period 104,671 1,112,471
Cash and cash equivalents, end of period 114,536 67,446
Supplemental cash flow information:    
Interest paid 40,439 28,745
Income tax payments 108,786 136,964
Non-cash transactions:    
Accrued purchases of property and equipment 13,083 16,375
Changes in other comprehensive income from post retirement benefits $ (312) $ (323)