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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Operating activities    
Net income $ 58,736 $ 49,031
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 43,479 41,082
Other (1,331) (683)
Changes in operating assets and liabilities, net of assets acquired:    
Accounts receivable (44,944) (49,451)
Accounts payable and accrued expenses (10,213) 12,709
Self-insurance accruals 5,760 13,306
Prepaid expenses (14,069) (10,724)
Increase (Decrease) in Inventories (14,520) 0
Other, net 13,440 7,710
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities, Total (22,398) 13,949
Net cash provided by operating activities 36,338 62,980
Capital expenditures:    
Equipment (48,872) (54,829)
Land and buildings 15,408 15,916
Purchases of businesses, net of cash acquired and debt incurred (18,002) (4,453)
Proceeds from sales of property and equipment 10,116 6,781
Purchases of marketable securities (36,331) (41,305)
Proceeds from Sale and Maturity of Marketable Securities 30,086 14,114
Net cash used in investing activities (78,411) (95,608)
Financing activities    
Revolving credit facility borrowings 549,226 453,885
Revolving credit facility payments (493,398) (402,618)
Purchase of common shares for treasury (49,836) (45,867)
Sale of common shares from treasury 30,212 29,043
Dividends paid (2,807) (2,682)
Proceeds from notes payable 58,317 69,337
Payments of notes payable (51,444) (62,602)
Payments of finance leases 2,943 2,313
Net cash provided by financing activities 37,327 36,183
Effect of exchange rate changes on cash 11 (171)
(Decrease) increase in cash (4,735) 3,384
Cash, beginning of period 18,526 19,460
Cash, end of period 13,791 22,844
Supplemental cash flow information follows:    
Interest paid 13,914 3,764
Income taxes paid $ 20,633 $ 9,869