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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 25, 2016
Dec. 27, 2015
Cash flows from operating activities      
Net income $ 6,837 $ 23,832 $ 62,842
Adjustments to reconcile net income to net cash provided by operating activities:      
Restructuring charge 0 14,804 0
Pension settlement expense 102,109 21,294 40,329
Multiemployer pension plan charges 0 11,701 9,055
Depreciation and amortization 61,871 61,723 61,597
Stock-based compensation expense 14,809 12,430 10,588
Undistributed (income)/loss of joint ventures (18,641) 36,273 783
Deferred income taxes 105,174 (13,128) (10,102)
Long-term retirement benefit obligations (184,418) (55,228) (15,404)
Uncertain tax positions (4,343) 5,089 1,627
Other – net 2,991 (564) 11,494
Changes in operating assets and liabilities:      
Accounts receivable – net 12,470 9,825 5,510
Other current assets (30,527) 1,599 22,141
Accounts payable, accrued payroll and other liabilities 10,012 (32,276) (22,833)
Unexpired subscriptions 8,368 6,502 1,448
Net cash provided by operating activities 86,712 103,876 179,075
Cash flows from investing activities      
Purchases of marketable securities (466,522) (566,846) (818,865)
Maturities/disposals of marketable securities 548,461 725,365 818,262
Cash distribution from corporate-owned life insurance 0 38,000 0
Business acquisitions 0 (40,410) 0
(Purchases)/proceeds from investments 15,591 (1,955) (5,068)
Capital expenditures (84,753) (30,095) (26,965)
Change in restricted cash 6,919 3,804 1,521
Other-net 1,323 409 412
Net cash provided by/(used in) investing activities 21,019 128,272 (30,703)
Cash flows from financing activities      
Repayment of debt and capital lease obligations (552) (189,768) (223,648)
Dividends paid (26,004) (25,897) (26,599)
Stock issuances 4,601 761 103,026
Repurchases 0 (15,684) (69,293)
Windfall tax benefit related to share-based payments 0 3,193 2,303
Share-based compensation tax withholding (4,064) (9,629) (3,749)
Net cash used in financing activities (26,019) (237,024) (217,960)
Net increase/(decrease) in cash and cash equivalents 81,712 (4,876) (69,588)
Effect of exchange rate changes on cash and cash equivalents 507 (208) (1,243)
Cash and cash equivalents at the beginning of the year 100,692 105,776 176,607
Cash and cash equivalents at the end of the year 182,911 100,692 105,776
Cash payments      
Interest, net of capitalized interest 28 39,487 41,449
Income tax payments – net $ 22 $ 44,896 $ 21,078