XML 48 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Cash flows provided by operating activities:    
Net Income $ 82,299 $ 71,669
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,577 24,990
Impairment of assets 218 1,577
Loss on disposal of property, plant and equipment 342 91
Bad debt expense 12 160
Stock-based compensation expense 5,218 5,324
Excess tax benefit from stock-based compensation arrangements (13,113) (9,158)
Deferred income taxes (1,012) 157
Changes in operating assets and liabilities:    
Accounts receivable (20,273) (7,830)
Inventories (6,010) (3,213)
Prepaid expenses, income tax receivable and other assets 20,662 (4,862)
Accounts payable 12,167 2,029
Accrued expenses and other current liabilities 22,609 21,650
Other liabilities 7,777 (20)
Net cash provided by operating activities 142,473 102,564
Cash flows used in investing activities:    
Purchases of property, plant and equipment (55,606) (128,292)
Cash paid for other intangible assets (100) (100)
Decrease in restricted cash 57 55
Net cash used in investing activities (55,649) (128,337)
Cash flows (used in) provided by financing activities:    
Repurchase of Class A Common Stock (83,794) 0
Proceeds from exercise of stock options 41,000 23,441
Cash paid on note payable (54) (53)
Excess tax benefit from stock-based compensation arrangements 13,113 9,158
Net proceeds from sale of investment shares 1,121 881
Net cash (used in) provided by financing activities (28,614) 33,427
Change in cash and cash equivalents 58,210 7,654
Cash and cash equivalents at beginning of year 76,402 49,524
Cash and cash equivalents at end of period 134,612 57,178
Supplemental disclosure of cash flow information:    
Income taxes paid 23,992 23,191
Income taxes refunded 17,225 0
Increase in accounts payable for purchase of property, plant and equipment $ 775 $ 3,390