XML 17 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2016
Sep. 24, 2015
OPERATING ACTIVITIES:    
Net earnings $ 28,878 $ 22,672
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Losses (earnings) on investments in joint ventures (270) 121
Distributions from joint ventures 414 93
Loss on disposition of property, equipment and other assets 478 564
Impairment charge 0 2,919
Amortization of favorable lease right 250 250
Depreciation and amortization 31,025 29,931
Amortization of debt issuance fees 226 329
Stock compensation expense 1,358 1,171
Deferred income taxes 6,461 5,527
Deferred compensation and other 526 613
Contribution of the Company’s stock to savings and profit-sharing plan 905 888
Changes in operating assets and liabilities:    
Accounts and notes receivable (2,090) (8,354)
Other current assets (1,041) (714)
Accounts payable (6,592) (9,994)
Income taxes (7,329) 3,004
Taxes other than income taxes (2,682) (2,101)
Accrued compensation 3,147 (1,756)
Other accrued liabilities (8,823) (3,997)
Total adjustments 15,963 18,494
Net cash provided by operating activities 44,841 41,166
INVESTING ACTIVITIES:    
Capital expenditures (58,084) (59,076)
Proceeds from disposals of property, equipment and other assets 594 1,293
Decrease in restricted cash 12,479 143
Decrease in other assets 3,686 846
Purchase of interest in joint venture 0 (1,600)
Sale of interest in joint venture 1,000 0
Net cash used in investing activities (40,325) (58,394)
FINANCING ACTIVITIES:    
Proceeds from borrowings on revolving credit facilities 250,188 167,000
Repayment of borrowings on revolving credit facilities (191,188) (150,000)
Principal payments on debt (51,863) (6,323)
Debt issuance fees (491) 0
Equity transactions:    
Treasury stock transactions, except for stock options (6,053) (871)
Exercise of stock options 3,553 2,158
Dividends paid (9,016) (8,152)
Distributions to noncontrolling interest (448) (505)
Net cash provided by (used in) financing activities (5,318) 3,307
Net decrease in cash and cash equivalents (802) (13,921)
Cash and cash equivalents at beginning of period 6,672 18,684
Cash and cash equivalents at end of period 5,870 4,763
Supplemental Information:    
Interest paid, net of amounts capitalized 6,772 6,698
Income taxes paid 19,107 12,846
Change in accounts payable for additions to property and equipment $ (1,930) $ (494)