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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Cash flows from operating activities    
Consolidated net income $ 159,248 $ 65,238
Reconciliation of consolidated net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 10,930 11,775
Stock-based compensation expense 2,573 2,109
Provision for doubtful accounts receivable 125 1,631
(Income) loss from unconsolidated affiliates (124) 1,649
Gain on disposals of properties (5,507) (936)
Deferred income tax expense 258 142
Changes in assets and liabilities, net of effects of businesses acquired and sold:    
Receivables (116,610) (89,972)
Inventories (40,803) (45,590)
Other assets 314 1,230
Current liabilities 54,344 33,941
Other liabilities (1,752) (3,703)
Other, net (137) (95)
Net cash provided by (used in) operating activities 62,859 (22,581)
Cash flows from investing activities    
Capital expenditures (5,259) (9,227)
Acquisition of businesses, net of cash acquired 0 (14,029)
Proceeds from sales of assets 6,219 1,730
Dividends from unconsolidated affiliates 959 0
Net cash provided by (used in) investing activities 1,919 (21,526)
Cash flows from financing activities    
Repurchase of common stock (3,972) 0
Issuance of debt 0 100,000
Repayments of debt (56) (35,288)
Issuance of debt by consolidated joint ventures, net 0 45
Net cash (used) received to settle stock-based awards   221
Net cash (used) received to settle stock-based awards (230)  
Net cash (used in) provided by financing activities (4,258) 64,978
Effect of exchange rate changes on cash 301 784
Increase in cash, cash equivalents, and restricted cash 60,821 21,655
Cash, cash equivalents, and restricted cash at the beginning of the period 90,376 127,376
Cash, cash equivalents, and restricted cash at the end of the period $ 151,197 $ 149,031