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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 05, 2024
Oct. 07, 2023
Cash flows from operating activities    
Net earnings $ 35,380 $ 41,932
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Non-cash restructuring, asset impairment, and other charges 16,129 1,273
Depreciation and amortization 78,147 75,245
Non-cash rent (2,437) (2,760)
LIFO expense 5,046 22,445
Postretirement benefits income (969) (1,990)
Deferred income taxes 9,634 11,388
Stock-based compensation expense 8,052 9,960
Stock warrant 700 1,279
(Gain) loss on disposals of assets (48) 304
Other operating activities 1,388 1,308
Changes in operating assets and liabilities:    
Accounts receivable (66,080) (23,071)
Inventories 16,634 (32,688)
Prepaid expenses and other assets (12,055) (3,558)
Accounts payable 55,136 37,517
Accrued payroll and benefits (15,529) (34,960)
Current income taxes (7,893) (3,564)
Other accrued expenses and other liabilities 2,020 (4,380)
Net cash provided by operating activities 123,255 95,680
Cash flows from investing activities    
Purchases of property and equipment (97,867) (86,212)
Net proceeds from the sale of assets 2,058 4,055
Acquisitions, net of cash acquired (14,370) (780)
Loans to customers (1,305) 0
Payments from customers on loans 1,372 1,097
Other investing activities (540) (163)
Net cash used in investing activities (110,652) (82,003)
Cash flows from financing activities    
Proceeds from senior secured credit facility 1,011,564 1,044,242
Payments on senior secured credit facility (974,969) (1,017,484)
Repayment of other long-term debt and finance lease liabilities (8,014) (6,279)
Share repurchases (15,051) (18,527)
Net payments related to stock-based award activities (3,196) (3,977)
Dividends paid (22,635) (22,381)
Other financing activities (756) (803)
Net cash used in financing activities (13,057) (25,209)
Net decrease in cash and cash equivalents (454) (11,532)
Cash and cash equivalents at beginning of period 17,964 29,086
Cash and cash equivalents at end of period $ 17,510 $ 17,554