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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 27, 2020
Jun. 29, 2019
OPERATING ACTIVITIES    
Net income $ 65,149 $ 124,400
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of operating property and intangible assets 22,972 22,350
Non-cash interest charges 126 126
Provisions for losses on trade and other accounts receivable 6,528 4,194
Gains on sales/disposals of operating property (1,812) (1,219)
Impairment of intangible and other assets 2,582  
Deferred income taxes, net 6,228 5,060
Stock-based compensation 1,201 3,368
Changes in operating assets and liabilities:    
Decrease in trade and other accounts receivable 99,601 89,820
Increase in other assets (24,809) (22,808)
Decrease in accounts payable (31) (28,565)
Increase (decrease) in other liabilities 10,231 (14,315)
Increase in insurance claims 10,419 1,665
NET CASH PROVIDED BY OPERATING ACTIVITIES 198,385 184,076
INVESTING ACTIVITIES    
Net changes in other short-term investments 131  
Sales and maturities of investments 14,897 41,345
Purchases of investments (16,382) (42,812)
Purchases of operating property (17,676) (9,224)
Proceeds from sales of operating property 4,465 3,219
Consideration paid for acquisition (2,701)  
NET CASH USED BY INVESTING ACTIVITIES (17,266) (7,472)
FINANCING ACTIVITIES    
Decrease in cash overdraft (18,344) (11,719)
Dividends paid (93,382) (13,257)
Proceeds from exercises of stock options 614 343
Taxes paid in lieu of shares issued related to stock-based compensation plans (3,280) (8,438)
Purchases of common stock (115,962) (69,729)
Principal payments on finance lease obligations (21,958) (23,658)
Purchase of noncontrolling interest   (600)
NET CASH USED BY FINANCING ACTIVITIES (252,312) (127,058)
Effect of exchange rate changes on cash and cash equivalents (2,851) 930
(Decrease) increase in cash and cash equivalents (74,044) 50,476
Cash and cash equivalents at beginning of period 319,515 199,736
Cash and cash equivalents at end of period $ 245,471 $ 250,212