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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2016
Sep. 27, 2015
Cash flows from operating activities    
Net income/(loss) $ (13,795) $ 11,163
Adjustments to reconcile net income to net cash provided by operating activities:    
Restructuring charge 14,804 0
Pension settlement charges 0 40,329
Multiemployer pension plan charges 11,701 4,697
Depreciation and amortization 46,003 46,023
Stock-based compensation expense 8,561 7,588
Undistributed loss of joint ventures 41,845 758
Long-term retirement benefit obligations (22,366) (7,767)
Uncertain tax positions 53 147
Other-net (1,315) 14,303
Changes in operating assets and liabilities:    
Accounts receivable-net 54,591 55,120
Other current assets (21,926) 10,742
Accounts payable, accrued payroll and other liabilities (45,546) (76,555)
Unexpired subscriptions 3,461 1,486
Net cash provided by operating activities 76,071 108,034
Cash flows from investing activities    
Purchases of marketable securities (514,809) (555,040)
Maturities of marketable securities 522,655 626,697
Cash distribution from corporate-owned life insurance 38,000 0
Business acquisitions (15,410) 0
Purchase of investments – net of proceeds (1,840) (3,592)
Capital expenditures (21,820) (21,150)
Change in restricted cash 3,816 (1,190)
Other-net (380) (343)
Net cash provided by investing activities 10,212 45,382
Cash flows from financing activities    
Repayment of debt and capital lease obligations (460) (223,653)
Dividends paid (19,416) (20,053)
Stock issuances 273 102,803
Repurchases (15,684) (43,561)
Net cash used in financing activities (35,287) (184,464)
Net increase/(decrease) in cash and cash equivalents 50,996 (31,048)
Effect of exchange rate changes on cash 166 (953)
Cash and cash equivalents at the beginning of the period 105,776 176,607
Cash and cash equivalents at the end of the period $ 156,938 $ 144,606