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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating activities    
Net income $ 27,445 $ 38,039
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,779 28,544
Other 852 (2,691)
Changes in operating assets and liabilities, net of assets acquired:    
Accounts receivable (10,377) (36,024)
Accounts payable and accrued expenses (3,506) (5,719)
Self-insurance accruals 7,486 5,972
Prepaid expenses 21,719 14,673
Mitigation bank credit inventory 907 (17,107)
Other, net (1,047) 7,040
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities, Total 49,813 (5,312)
Net cash provided by operating activities 77,258 32,727
Capital expenditures:    
Equipment (54,694) (35,198)
Land and buildings 16,344 6,953
Purchases of businesses, net of cash acquired and debt incurred (16,120) (16,780)
Proceeds from sales of property and equipment 5,669 6,423
Purchases of marketable securities (16,475) (23,145)
Proceeds from Sale and Maturity of Marketable Securities 11,694 18,449
Net cash used in investing activities (86,270) (57,204)
Financing activities    
Revolving credit facility borrowings 399,460 386,106
Revolving credit facility payments (346,818) (329,236)
Purchase of common shares for treasury (40,077) (36,628)
Sale of common shares from treasury 26,921 23,683
Dividends paid (2,114) (1,732)
Proceeds from notes payable 36,157 13,825
Payments of notes payable (56,214) (30,487)
Payments of finance leases 2,924 2,049
Net cash provided by financing activities 14,391 23,482
Effect of exchange rate changes on cash (61) 53
Increase (Decrease) in cash 5,318 (942)
Cash, beginning of period 11,070 18,526
Cash, end of period 16,388 17,584
Supplemental cash flow information follows:    
Interest paid 11,658 8,596
Income taxes paid $ 4,641 $ 12,058