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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
OPERATING ACTIVITIES    
Net income $ 127,035 $ 177,655
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of operating property and intangible assets 34,212 33,045
Non-cash interest charges 222 190
Provisions for losses on trade and other accounts receivable 7,206 6,942
Gains on sales/disposals of operating property (2,295) (1,188)
Impairment of intangible and other assets 2,582  
Deferred income taxes, net 4,758 7,151
Stock-based compensation 2,691 4,470
Changes in operating assets and liabilities:    
(Increase) decrease in trade and other accounts receivable (62,492) 84,607
Increase in other assets (13,492) (21,129)
Increase (decrease) in accounts payable 66,815 (28,692)
Increase (decrease) in other liabilities 14,050 (16,076)
Increase in insurance claims 4,256 13,739
NET CASH PROVIDED BY OPERATING ACTIVITIES 185,548 260,714
INVESTING ACTIVITIES    
Net changes in other short-term investments 131  
Sales and maturities of investments 18,795 56,467
Purchases of investments (21,102) (58,829)
Purchases of operating property (25,426) (15,199)
Proceeds from sales of operating property 6,623 3,621
Consideration paid for acquisition (2,766)  
NET CASH USED BY INVESTING ACTIVITIES (23,745) (13,940)
FINANCING ACTIVITIES    
Decrease in cash overdraft (6,419) (10,714)
Dividends paid (101,442) (20,589)
Payment for debt issue costs (959)  
Proceeds from exercises of stock options 676 629
Taxes paid in lieu of shares issued related to stock-based compensation plans (3,326) (8,449)
Purchases of common stock (115,962) (88,578)
Principal payments on finance lease obligations (33,036) (34,141)
Purchase of noncontrolling interest   (600)
NET CASH USED BY FINANCING ACTIVITIES (260,468) (162,442)
Effect of exchange rate changes on cash and cash equivalents (2,296) 366
(Decrease) increase in cash and cash equivalents (100,961) 84,698
Cash and cash equivalents at beginning of period 319,515 199,736
Cash and cash equivalents at end of period $ 218,554 $ 284,434