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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
OPERATING ACTIVITIES    
Net income $ 40,895 $ 63,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of operating property and intangible assets 11,505 11,316
Non-cash interest charges 63 63
Provisions for losses on trade and other accounts receivable 4,122 2,150
Gains on sales/disposals of operating property (858) (876)
Deferred income taxes, net 797 2,079
Stock-based compensation 631 1,938
Changes in operating assets and liabilities:    
Decrease in trade and other accounts receivable 21,369 84,505
Decrease in other assets 9,987 2,229
Increase (decrease) in accounts payable 179 (40,953)
Increase (decrease) in other liabilities 4,404 (3,776)
Increase (decrease) in insurance claims 6,122 (559)
NET CASH PROVIDED BY OPERATING ACTIVITIES 99,216 121,416
INVESTING ACTIVITIES    
Net changes in other short-term investments 131  
Sales and maturities of investments 7,963 25,739
Purchases of investments (8,830) (26,707)
Purchases of operating property (5,799) (4,576)
Proceeds from sales of operating property 2,081 2,130
NET CASH USED BY INVESTING ACTIVITIES (4,454) (3,414)
FINANCING ACTIVITIES    
Decrease in cash overdraft (17,876) (13,820)
Dividends paid (86,283) (6,629)
Proceeds from exercises of stock options 575 319
Taxes paid in lieu of shares issued related to stock-based compensation plans (2,994) (7,923)
Purchases of common stock (115,962) (12,977)
Principal payments on finance lease obligations (10,923) (11,995)
Purchase of noncontrolling interest   (600)
NET CASH USED BY FINANCING ACTIVITIES (233,463) (53,625)
Effect of exchange rate changes on cash and cash equivalents (3,590) 512
(Decrease) increase in cash and cash equivalents (142,291) 64,889
Cash and cash equivalents at beginning of period 319,515 199,736
Cash and cash equivalents at end of period $ 177,224 $ 264,625