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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
Cash flows provided by operating activities:      
Net income $ 14,553 $ 191,960 $ 110,041
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 72,096 65,657 56,271
Impairment of assets 18,499 4,466 911
(Gain) loss on disposal of property, plant and equipment (217) (639) 871
Change in right-of-use assets 8,018 7,355 4,207
Bad debt (recovery) expense (182) 488 45
Stock-based compensation expense 18,615 15,282 12,337
Deferred income taxes (5,225) 17,655 7,404
Changes in operating assets and liabilities:      
Accounts receivable 23,071 (24,014) (12,260)
Inventories (21,224) (24,463) (24,932)
Prepaid expenses, income tax receivable and other current assets (49,073) (9,531) (383)
Third-party production prepayments (16,635) (53,851) (14,019)
Other assets (5,699) (351) 540
Accounts payable (27,361) 40,771 21,417
Accrued expenses and other current liabilities 38,894 24,469 18,618
Change in operating lease liabilities (8,229) (3,786) (3,277)
Other liabilities (3,604) 1,939 451
Net cash provided by operating activities 56,297 253,407 178,242
Cash flows used in investing activities:      
Purchases of property, plant and equipment (147,919) (139,996) (93,233)
Proceeds from disposal of property, plant and equipment 1,157 487 165
Investment in Dogfish Head, net of cash acquired     (165,517)
Other investing activities 145 392 (244)
Net cash used in investing activities (146,617) (139,117) (258,829)
Cash flows (used in) provided by financing activities:      
Proceeds from exercise of stock options and sale of investment shares 10,465 15,274 9,236
Net cash paid on note payable and finance leases (1,570) (1,260) (378)
Cash borrowed on line of credit   100,000 97,000
Cash paid on line of credit   (100,000) (97,000)
Payment of tax withholding on stock-based payment awards and investment shares (15,536) (1,692)  
Net cash (used in) provided by financing activities (6,641) 12,322 8,858
Change in cash and cash equivalents (96,961) 126,612 (71,729)
Cash and cash equivalents at beginning of year 163,282 36,670 108,399
Cash and cash equivalents at end of period 66,321 163,282 36,670
Supplemental disclosure of cash flow information:      
Non cash consideration issued in Dogfish Head Transaction     144,743
Income taxes paid 53,889 36,032 30,760
Income taxes refunded 12,668 60 18
Cash paid for amounts included in measurement of lease liabilities      
Operating cash flows from operating leases 10,495 6,194 4,696
Operating cash flows from finance leases 121 143 56
Financing cash flows from finance leases 1,499 1,192 313
Right-of-use-assets obtained in exchange for operating lease obligations 2,309 12,081 57,966
Right-of-use-assets obtained in exchange for finance lease obligations 472 2,689 2,837
Interest paid on revolving credit facility   246 451
Change in purchase of property, plant and equipment in accounts payable and accrued expenses 15,824 9,387 6,632
Supplemental disclosure of cash, cash equivalents and restricted cash      
Cash and cash equivalents 26,853 163,282 36,670
Restricted cash 39,468    
Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 66,321 $ 163,282 $ 36,670