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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2021
Mar. 28, 2020
OPERATING ACTIVITIES    
Net income $ 77,240 $ 40,895
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of operating property and intangible assets 12,101 11,505
Non-cash interest charges 112 63
Provisions for losses on trade and other accounts receivable 547 4,122
Gains on sales/disposals of operating property (24) (858)
Deferred income taxes, net (1,110) 797
Stock-based compensation 4,029 631
Changes in operating assets and liabilities:    
Decrease in trade and other accounts receivable 33,440 21,369
Decrease in other assets 6,175 9,987
Increase in accounts payable 33,935 179
Increase in other liabilities 13,008 4,404
(Decrease) increase in insurance claims (109,562) 6,122
NET CASH PROVIDED BY OPERATING ACTIVITIES 69,891 99,216
INVESTING ACTIVITIES    
Net changes in other short-term investments   131
Sales and maturities of investments 7,957 7,963
Purchases of investments (8,716) (8,830)
Purchases of operating property (4,076) (5,799)
Proceeds from sales of operating property 500 2,081
NET CASH USED BY INVESTING ACTIVITIES (4,335) (4,454)
FINANCING ACTIVITIES    
Increase (decrease) in cash overdraft 6 (17,876)
Dividends paid (84,837) (86,283)
Proceeds from exercises of stock options 77 575
Taxes paid in lieu of shares issued related to stock-based compensation plans (1,241) (2,994)
Purchases of common stock   (115,962)
Principal payments on finance lease obligations (9,778) (10,923)
NET CASH USED BY FINANCING ACTIVITIES (95,773) (233,463)
Effect of exchange rate changes on cash and cash equivalents 252 (3,590)
Decrease in cash and cash equivalents (29,965) (142,291)
Cash and cash equivalents at beginning of period 249,354 319,515
Cash and cash equivalents at end of period $ 219,389 $ 177,224