XML 25 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2021
Dec. 27, 2020
Dec. 29, 2019
Cash flows from operating activities      
Net income $ 219,971 $ 100,837 $ 139,966
Adjustments to reconcile net income to net cash provided by operating activities:      
Pension settlement expense 0 80,641 0
Depreciation and amortization 57,502 62,136 60,661
Lease termination charge 3,831 0 0
Amortization of right of use asset 9,488 8,568 7,384
Stock-based compensation expense 22,215 14,437 12,948
Gain from joint ventures 0 (5,000) 0
Deferred income taxes (6,358) (16,043) 4,242
Gain on non-marketable equity investment (27,156) (10,074) (1,886)
Change in long-term retirement benefit obligations (19,222) (17,166) (22,914)
Fair market value adjustment on life insurance products 118 (578) (3,461)
Uncertain tax positions 0 (644) (4,627)
Other – net 3,210 706 700
Changes in operating assets and liabilities:      
Accounts receivable – net (49,216) 29,710 9,062
Other current assets (5,289) 8,960 (3,355)
Accounts payable, accrued payroll and other liabilities 46,054 24,516 (13,197)
Unexpired subscriptions 13,950 16,927 4,375
Net cash provided by operating activities 269,098 297,933 189,898
Cash flows from investing activities      
Purchases of marketable securities (763,425) (632,364) (572,337)
Maturities/disposals of marketable securities 593,465 491,128 707,632
Business acquisitions 0 (33,085) 0
Proceeds from investments 20,074 6,841 85
Capital expenditures (34,637) (34,451) (45,441)
Other - net 3,716 2,851 3,273
Net cash (used) in/provided by investing activities (180,807) (199,080) 93,212
Cash flows from financing activities      
Repayment of debt and capital lease obligations 0 0 (252,559)
Dividends paid (45,337) (38,437) (31,604)
Payments (862) (862) 0
Stock issuances 2,454 6,071 4,520
Share-based compensation tax withholding (11,202) (11,745) (15,648)
Net cash used in financing activities (54,947) (44,973) (295,291)
Net increase/(decrease) in cash, cash equivalents and restricted cash 33,344 53,880 (12,181)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,002) 566 (100)
Cash, cash equivalents and restricted cash at the beginning of the year 301,964 247,518 259,799
Cash, cash equivalents and restricted cash at the end of the year 334,306 301,964 247,518
Cash payments      
Interest, net of capitalized interest 546 508 28,049
Income tax payments – net $ 66,443 $ 24,382 $ 30,407