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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 26, 2021
Dec. 27, 2020
Cash flows from operating activities      
Net income $ 173,905 $ 219,971 $ 100,837
Adjustments to reconcile net income to net cash provided by operating activities:      
Impairment on indefinite-lived asset 4,069 0 0
Pension settlement expense 0 0 80,641
Depreciation and amortization 82,654 57,502 62,136
Lease termination charge 0 3,831 0
Amortization of right of use asset 9,923 9,488 8,568
Stock-based compensation expense 35,306 22,215 14,437
Multiemployer pension plan liability adjustment 14,989 0 0
Gain on the sale of land (34,227) 0 0
Gain from joint ventures 0 0 (5,000)
Gain on non-marketable equity investment 0 (27,156) (10,074)
Change in long-term retirement benefit obligations (29,049) (19,222) (17,166)
Fair market value adjustment on life insurance products 1,081 118 (578)
Other – net (3,005) 3,210 62
Changes in operating assets and liabilities:      
Accounts receivable – net 20,889 (49,216) 29,710
Other current assets (23,220) (5,289) 8,960
Accounts payable, accrued payroll and other liabilities (111,216) 39,696 8,473
Unexpired subscriptions 8,588 13,950 16,927
Net cash provided by operating activities 150,687 269,098 297,933
Cash flows from investing activities      
Purchases of marketable securities (6,648) (763,425) (632,364)
Maturities/disposals of marketable securities 484,984 593,465 491,128
Business acquisitions (515,586) 0 (33,085)
(Purchases)/proceeds from investments (1,832) 20,074 6,841
Capital expenditures (36,961) (34,637) (34,451)
Other - net 2,482 3,716 2,851
Net cash used in investing activities (73,561) (180,807) (199,080)
Cash flows from financing activities      
Dividends paid (56,790) (45,337) (38,437)
Payment of contingent consideration (2,586) (862) (862)
Stock issuances 3 2,454 6,071
Repurchases (105,056) 0 0
Share-based compensation tax withholding (9,877) (11,202) (11,745)
Net cash used in financing activities (174,306) (54,947) (44,973)
Net (decrease)/increase in cash, cash equivalents and restricted cash (97,180) 33,344 53,880
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,953) (1,002) 566
Cash, cash equivalents and restricted cash at the beginning of the year 334,306 301,964 247,518
Cash, cash equivalents and restricted cash at the end of the year 235,173 334,306 301,964
Cash payments      
Interest, net of capitalized interest 1,583 546 508
Income tax payments – net $ 110,161 $ 66,443 $ 24,382