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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
7 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 29, 2016
May 28, 2015
May 29, 2014
Operating activities        
Net earnings $ 23,443 $ 37,539 $ 23,642 $ 20,899
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Losses (earnings) on investments in joint ventures 36 (301) 186 250
Distributions from joint ventures 152 560 166 120
Loss on disposition of property, equipment and other assets 490 844 1,463 993
Impairment charge 0 0 2,919 0
Amortization of favorable lease right 194 334 334 334
Depreciation and amortization 23,815 41,832 38,361 33,354
Amortization of debt issuance costs 258 303 449 491
Stock compensation expense 975 1,899 1,499 1,781
Deferred income taxes (1,079) 3,022 5,614 (451)
Deferred compensation and other 1,564 577 3,531 850
Contribution of the Company’s stock to savings and profit-sharing plan 0 905 888 782
Changes in operating assets and liabilities:        
Accounts and notes receivable 2,967 (1,486) (5,627) (877)
Other current assets (388) (2,465) (845) 836
Accounts payable (665) (1,978) 2,355 748
Income taxes 7,567 (5,124) (925) (2,544)
Taxes other than income taxes 2,550 (373) 766 333
Accrued compensation (3,085) 4,738 2,440 1,974
Other accrued liabilities 8,016 1,829 3,236 6,567
Total adjustments 43,367 45,116 56,810 45,541
Net cash provided by operating activities 66,810 82,655 80,452 66,440
Investing activities        
Capital expenditures (44,452) (83,606) (74,988) (56,673)
Purchase of theatres, net of cash acquired and working capital assumed 0 (63,766) 0 0
Proceeds from disposals of property, equipment and other assets 13,977 1,560 226 1,926
Decrease (increase) in restricted cash (9,259) 12,553 (728) (137)
Decrease (increase) in other assets 495 3,572 (786) (1,227)
Capital contribution in joint venture 0 0 (399) (1,366)
Purchase of interest in joint venture (1,600) 0 (1,500) 0
Sale of interest in joint venture 0 1,100 0 0
Cash advanced to joint ventures 0 0 0 (231)
Net cash used in investing activities (40,839) (128,587) (78,175) (57,708)
Financing activities        
Proceeds from borrowings on revolving credit facility 108,500 346,188 162,500 92,500
Repayment of borrowings on revolving credit facility (126,500) (236,188) (148,500) (115,500)
Proceeds from issuance of long-term debt 0 0 0 52,700
Principal payments on long-term debt (3,339) (52,335) (7,176) (31,886)
Debt issuance costs 0 (578) 0 (316)
Equity transactions:        
Treasury stock transactions, except for stock options 594 (6,089) (773) (3,886)
Exercise of stock options 860 3,986 2,964 5,605
Dividends paid (5,632) (12,037) (10,390) (9,203)
Distributions to noncontrolling interest (505) (448) (959) (2,124)
Net cash provided by (used in) financing activities (26,022) 42,499 (2,334) (12,110)
Net decrease in cash and cash equivalents (51) (3,433) (57) (3,378)
Cash and cash equivalents at beginning of year 6,723 6,672 6,780 10,158
Cash and cash equivalents at end of year 6,672 3,239 6,723 6,780
Supplemental Information:        
Change in accounts payable for additions to property and equipment (7,370) 3,417 3,467 4,876
Capital leases acquired 0 17,511 0 0
Non-cash contribution in joint venture $ 400 $ 0 $ 0 $ 0