XML 20 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
OPERATING ACTIVITIES    
Net income $ 61,498 $ 70,486
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of operating property 17,093 14,068
Non-cash interest charges 112 109
Provisions for losses on trade and other accounts receivable 2,951 3,344
Gains on sales/disposals of operating property (1,761) (178)
Deferred income taxes, net 6,043 1,859
Stock-based compensation 2,066 3,243
Changes in operating assets and liabilities:    
Decrease in trade and other accounts receivable 57,274 1,147
(Increase) decrease in other assets (2,939) 1,596
Decrease in accounts payable (36,238) (3,270)
Decrease in other liabilities (8,907) (9,999)
Increase (decrease) in insurance claims 7,943 (388)
NET CASH PROVIDED BY OPERATING ACTIVITIES 105,135 82,017
INVESTING ACTIVITIES    
Sales and maturities of investments 23,454 16,656
Purchases of investments (24,377) (20,052)
Purchases of operating property (8,955) (3,050)
Proceeds from sales of operating property 4,791 1,281
NET CASH USED BY INVESTING ACTIVITIES (5,087) (5,165)
FINANCING ACTIVITIES    
Decrease in cash overdraft (5,254) (2,912)
Dividends paid (6,782) (50,980)
Proceeds from exercises of stock options 900 534
Taxes paid in lieu of shares issued related to stock-based compensation plans (1,690) (2,083)
Excess tax benefits from stock-based awards 277 516
Purchases of common stock (26,485) (84,635)
Principal payments on capital lease obligations (23,001) (18,112)
NET CASH USED BY FINANCING ACTIVITIES (62,035) (157,672)
Effect of exchange rate changes on cash and cash equivalents 837 (698)
Increase (decrease) in cash and cash equivalents 38,850 (81,518)
Cash and cash equivalents at beginning of period 114,520 163,944
Cash and cash equivalents at end of period $ 153,370 $ 82,426