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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
OPERATING ACTIVITIES    
Net income $ 177,655 $ 186,913
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of operating property and intangible assets 33,045 32,520
Non-cash interest charges 190 190
Provisions for losses on trade and other accounts receivable 6,942 5,360
Gains on sales/disposals of operating property (1,188) (1,025)
Deferred income taxes, net 7,151 7,459
Stock-based compensation 4,470 13,003
Changes in operating assets and liabilities:    
Decrease (increase) in trade and other accounts receivable 84,607 (60,785)
Increase in other assets (21,129) (9,779)
(Decrease) increase in accounts payable (28,692) 22,121
(Decrease) increase in other liabilities (16,076) 3,245
Increase in insurance claims 13,739 4,983
NET CASH PROVIDED BY OPERATING ACTIVITIES 260,714 204,205
INVESTING ACTIVITIES    
Sales and maturities of investments 56,467 34,259
Purchases of investments (58,829) (36,296)
Purchases of operating property (15,199) (7,325)
Proceeds from sales of operating property 3,621 3,542
NET CASH USED BY INVESTING ACTIVITIES (13,940) (5,820)
FINANCING ACTIVITIES    
Decrease in cash overdraft (10,714) (2,483)
Dividends paid (20,589) (82,261)
Proceeds from exercises of stock options 629 1,397
Taxes paid in lieu of shares issued related to stock-based compensation plans (8,449) (3,936)
Purchases of common stock (88,578) (105,488)
Principal payments on finance lease obligations (34,141) (32,663)
Purchase of noncontrolling interest (600)  
Payment of contingent consideration   (985)
NET CASH USED BY FINANCING ACTIVITIES (162,442) (226,419)
Effect of exchange rate changes on cash and cash equivalents 366 (408)
Increase (decrease) in cash and cash equivalents 84,698 (28,442)
Cash and cash equivalents at beginning of period 199,736 242,416
Cash and cash equivalents at end of period $ 284,434 $ 213,974