XML 20 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 24, 2012
Mar. 26, 2011
Operating activities:    
Net earnings $ 5,454 $ 7,481
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 8,204 8,583
Amortization of deferred financing costs 290 423
Non-cash convertible debt interest 1,390 1,292
Rebateable loans 1,155 1,204
Provision for (recovery of) bad debts (279) 444
Provision for lease reserves 0 448
Deferred income tax expense 277 1,976
Loss (gain) on sale of property, plant and equipment (476) 1,775
LIFO charge 182 501
Asset impairments 62 0
Share-based compensation 1,094 1,159
Deferred compensation 353 332
Other (45) (111)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts and notes receivable (2,556) (5,687)
Inventories (13,946) 5,098
Prepaid expenses (1,721) (688)
Accounts payable (9,768) (10,232)
Accrued expenses (11,167) (9,485)
Income taxes payable 2,699 732
Other assets and liabilities (169) 369
Net cash provided by (used in) operating activities (18,967) 5,614
Investing activities:    
Disposal of property, plant and equipment 635 323
Additions to property, plant and equipment (4,063) (28,966)
Loans to customers (1,560) (519)
Payments from customers on loans 251 336
Corporate-owned life insurance, net (178) (153)
Other (151) 0
Net cash used in investing activities (5,066) (28,979)
Financing activities:    
Proceeds from revolving debt 18,600 22,600
Dividends paid (2,198) (2,180)
Payments of long-term debt (765) (16)
Payments of capitalized lease obligations (571) (574)
Increase in outstanding checks 9,396 3,457
Payments of deferred financing costs (41) 0
Tax benefit from share-based compensation 66 0
Other (527) 0
Net cash provided by financing activities 23,960 23,287
Net decrease in cash (73) (78)
Cash at beginning of year 773 830
Cash at end of period $ 700 $ 752