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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2019
Dec. 27, 2018
Dec. 28, 2017
OPERATING ACTIVITIES:      
Net earnings $ 42,115 $ 53,465 $ 64,485
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Losses (earnings) on investments in joint ventures 274 399 (46)
Distributions from joint ventures 200 65 377
Loss (gain) on disposition of property, equipment and other assets 1,149 1,342 (3,981)
Impairment change 1,874 0 0
Amortization of favorable lease right 0 334 334
Depreciation and amortization 72,277 61,342 51,719
Amortization of debt issuance costs 285 287 308
Share-based compensation 3,523 2,691 2,411
Deferred income taxes 9,111 3,247 (6,438)
Deferred compensation and other 1,011 3,339 911
Contribution of the Company's stock to savings and profit-sharing plan 1,181 1,130 1,024
Changes in operating assets and liabilities:      
Accounts receivable (3,781) 1,546 (8,852)
Other assets 1,102 (1,946) (2,268)
Operating leases (3,355) 0 0
Accounts payable 9,733 (4,232) 15,015
Income taxes 67 10,297 (13,663)
Taxes other than income taxes 1,664 (895) 2,377
Accrued compensation 508 1,920 (1,380)
Other accrued liabilities 2,541 3,058 6,703
Total adjustments 99,364 83,924 44,551
Net cash provided by operating activities 141,479 137,389 109,036
INVESTING ACTIVITIES:      
Capital expenditures (64,086) (58,660) (114,804)
Purchase of theatres, net of cash acquired and working capital assumed (30,081) 0 0
Proceeds from disposals of property, equipment and other assets 22 116 4,524
Other investing activities 199 (429) 911
Capital contribution in joint venture 0 (294) (111)
Contribution received from local government 0 0 1,545
Proceeds from sale of interests in joint ventures 0 0 6,729
Net cash used in investing activities (93,946) (59,267) (101,206)
Debt transactions:      
Proceeds from borrowings on revolving credit facility 335,000 203,000 322,000
Repayment of borrowings on revolving credit facility (333,000) (254,000) (332,000)
Proceeds from issuance of long-term debt 0 0 65,000
Principal payments on long-term debt (24,620) (12,153) (36,300)
Principal payments on finance lease obligations (2,544) (1,836) (1,986)
Debt issuance costs 0 0 (418)
Equity transactions:      
Treasury stock transactions, except for stock options (702) (2,523) (421)
Exercise of stock options 1,520 7,048 2,271
Dividends paid (19,311) (16,414) (13,504)
Distributions to noncontrolling interest (185) (64) (20)
Purchase of noncontrolling interest 0 0 (410)
Net cash provided by (used in) financing activities (43,842) (76,942) 4,212
Net increase in cash, cash equivalents and restricted cash 3,691 1,180 12,042
Cash, cash equivalents and restricted cash at beginning of year 21,927 20,747 8,705
Cash, cash equivalents and restricted cash at end of year 25,618 21,927 20,747
Supplemental Information:      
Change in accounts payable for additions to property, equipment and other assets $ 2,185 $ (9,857) $ 5,320