XML 23 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Dec. 27, 2014
Cash flows provided by operating activities:      
Net Income $ 87,349 $ 98,414 $ 90,743
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 49,557 42,885 35,138
Impairment of assets 716 258 1,777
Loss on disposal of property, plant and equipment 616 515 434
Gain on sale of property, plant and equipment (951)    
Bad debt (recovery) expense (244) 165 (16)
Stock-based compensation expense 6,148 6,665 6,857
Excess tax benefit from stock-based compensation arrangements (12,524) (15,350) (17,353)
Deferred income taxes 8,243 6,986 15,350
Changes in operating assets and liabilities:      
Accounts receivable 2,534 (2,289) 5,157
Inventories 445 (5,155) 5,090
Prepaid expenses, income tax receivable and other assets 14,936 11,858 (9,447)
Accounts payable (1,811) 5,985 884
Accrued expenses and taxes and other current liabilities 5,479 9,014 4,578
Other liabilities (6,304) 8,732 2,019
Net cash provided by operating activities 154,189 168,683 141,211
Cash flows used in investing activities:      
Purchases of property, plant and equipment (49,913) (74,187) (151,784)
Proceeds from sale of property, plant and equipment 3,855    
Cash paid for intangible assets   (100) (100)
Change in restricted cash 40 57 53
Net cash used in investing activities (46,018) (74,230) (151,831)
Cash flows (used in) provided by financing activities:      
Repurchase of Class A Common Stock (164,658) (135,705) (7,859)
Proceeds from exercise of stock options 40,127 42,339 27,272
Cash paid on note payable and capital lease (58) (54) (53)
Excess tax benefit from stock-based compensation arrangements 12,524 15,350 17,353
Net proceeds from sale of investment shares 736 1,408 785
Net cash (used in) provided by financing activities (111,329) (76,662) 37,498
Change in cash and cash equivalents (3,158) 17,791 26,878
Cash and cash equivalents at beginning of year 94,193 76,402 49,524
Cash and cash equivalents at end of period 91,035 94,193 76,402
Supplemental disclosure of cash flow information:      
Income taxes paid 30,978 45,078 42,324
Income taxes refunded 12,064 17,252  
(Decrease) Increase in accounts payable for repurchase of Class A Common Stock (3,000) 3,000  
Increase (Decrease) in accounts payable for purchase of property, plant and equipment $ 2,678 $ (1,843) $ 268