XML 36 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 28, 2015
Mar. 29, 2014
OPERATING ACTIVITIES    
Net income $ 30,015us-gaap_NetIncomeLoss $ 27,638us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of operating property 7,019us-gaap_DepreciationAndAmortization 6,768us-gaap_DepreciationAndAmortization
Non-cash interest charges 55us-gaap_AmortizationOfDeferredCharges 54us-gaap_AmortizationOfDeferredCharges
Provisions for losses on trade and other accounts receivable 702us-gaap_ProvisionForDoubtfulAccounts 729us-gaap_ProvisionForDoubtfulAccounts
Gains on sales/disposals of operating property (107)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (59)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Deferred income taxes, net 885us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (2,088)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Stock-based compensation 1,667us-gaap_ShareBasedCompensation 1,164us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities:    
Decrease (increase) in trade and other accounts receivable 29,939us-gaap_IncreaseDecreaseInReceivables (41,625)us-gaap_IncreaseDecreaseInReceivables
Decrease (increase) in other assets 11,216us-gaap_IncreaseDecreaseInOtherOperatingAssets (1,560)us-gaap_IncreaseDecreaseInOtherOperatingAssets
(Decrease) increase in accounts payable (23,862)us-gaap_IncreaseDecreaseInAccountsPayable 13,289us-gaap_IncreaseDecreaseInAccountsPayable
(Decrease) increase in other liabilities (9,580)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 8,108us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Increase in insurance claims 1,321us-gaap_IncreaseDecreaseInInsuranceLiabilities 1,251us-gaap_IncreaseDecreaseInInsuranceLiabilities
NET CASH PROVIDED BY OPERATING ACTIVITIES 49,270us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 13,669us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES    
Net change in other short-term investments   (3,249)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestments
Sales and maturities of investments 10,651us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 14,558us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Purchases of investments (11,107)us-gaap_PaymentsToAcquireMarketableSecurities (15,058)us-gaap_PaymentsToAcquireMarketableSecurities
Purchases of operating property (2,450)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (732)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sales of operating property 656us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 276us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
NET CASH USED BY INVESTING ACTIVITIES (2,250)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (4,205)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES    
Decrease in cash overdraft (6,219)us-gaap_ProceedsFromRepaymentsOfBankOverdrafts (6,601)us-gaap_ProceedsFromRepaymentsOfBankOverdrafts
Dividends paid (47,906)us-gaap_PaymentsOfDividends (18,641)us-gaap_PaymentsOfDividends
Proceeds from exercises of stock options 429us-gaap_ProceedsFromStockOptionsExercised 1,133us-gaap_ProceedsFromStockOptionsExercised
Taxes paid in lieu of shares issued related to stock-based compensation plans (2,069)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (1,650)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Excess tax benefits from stock-based awards 486us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 505us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Purchases of common stock (31,300)us-gaap_PaymentsForRepurchaseOfCommonStock (37,052)us-gaap_PaymentsForRepurchaseOfCommonStock
Principal payments on long-term debt and capital lease obligations (9,218)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities (12,862)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities
NET CASH USED BY FINANCING ACTIVITIES (95,797)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (75,168)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (280)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (432)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Decrease in cash and cash equivalents (49,057)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (66,136)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 163,944us-gaap_CashAndCashEquivalentsAtCarryingValue 180,302us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 114,887us-gaap_CashAndCashEquivalentsAtCarryingValue $ 114,166us-gaap_CashAndCashEquivalentsAtCarryingValue