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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Dec. 29, 2013
Cash flows from operating activities      
Net income $ 62,842 $ 32,305 $ 64,856
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment of assets 0 0 34,300
Multiemployer pension plan withdrawal expense 9,055 0 14,168
Gain on insurance settlement 0 (1,859) 0
Pension settlement charge 40,329 9,525 3,228
Early termination charge 0 2,550 0
Loss/(gain) on sales of New England Media Group & About Group 0 0 (47,561)
Depreciation and amortization 61,597 79,455 85,477
Stock-based compensation expense 10,588 8,880 8,741
Undistributed loss of joint ventures 783 10,980 3,619
Deferred income taxes (10,102) (10,621) 44,102
Long-term retirement benefit obligations (15,404) (37,334) (112,133)
Uncertain tax positions 1,627 17,310 1,387
Other – net 7,745 12,141 11,541
Changes in operating assets and liabilities:      
Accounts receivable – net 5,510 (10,166) 3,148
Other current assets 22,141 507 1,851
Accounts payable and other liabilities (22,833) (33,911) (83,072)
Unexpired subscriptions 1,448 729 1,203
Net cash provided by operating activities 175,326 80,491 34,855
Cash flows from investing activities      
Purchases of marketable securities (818,865) (777,945) (860,848)
Maturities of marketable securities 818,262 506,711 447,350
Repayment of borrowings against cash surrender value of corporate-owned life insurance 0 (26,005) 0
Proceeds from sale of business 0 0 68,585
Proceeds from investments – net of purchases (5,068) 7,331 12,004
Capital expenditures (26,965) (35,350) (16,942)
Proceeds from insurance settlement 0 1,638 0
Change in restricted cash 1,521 (1,401) (3,806)
Other-net 412 304 0
Net cash (used in)/provided by investing activities (30,703) (324,717) (353,657)
Cash flows from financing activities      
Repayment of debt and capital lease obligations (223,648) (38,857) (19,959)
Dividends paid (26,599) (24,858) (6,040)
Stock issuances 103,026 1,120 5,086
Repurchases (69,293) 0 0
Windfall tax benefit related to share-based payments 2,303 1,209 1,654
Net cash used in financing activities (214,211) (61,386) (19,259)
Net (decrease)/increase in cash and cash equivalents (69,588) (305,612) (338,061)
Effect of exchange rate changes on cash and cash equivalents (1,243) (526) 316
Cash and cash equivalents at the beginning of the year 176,607 482,745 820,490
Cash and cash equivalents at the end of the year 105,776 176,607 482,745
Cash payments      
Interest, net of capitalized interest 41,449 54,252 54,821
Income tax payment/(refunds) – net $ 21,078 21,325 42,792
Noncash Investing Activities      
Amount received from escrow   $ 7,000 $ 7,000