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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Cash flows provided by operating activities:      
Net income $ 110,041 $ 92,663 $ 99,049
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 56,271 51,968 51,256
Impairment of assets 911 652 2,451
Loss on disposal of property, plant and equipment 871 64 764
Change in ROU assets 4,207    
Bad debt expense 45 2  
Stock-based compensation expense 12,337 10,035 6,316
Deferred income taxes 7,404 14,350 (22,442)
Changes in operating assets and liabilities:      
Accounts receivable (12,260) (1,636) 2,945
Inventories (24,932) (21,312) (1,741)
Prepaid expenses, income tax receivable and other assets (13,862) (552) (4,511)
Accounts payable 21,417 6,352 245
Accrued expenses and other current liabilities 18,618 10,130 2,671
Change in operating lease liability (3,277)    
Other liabilities 451 731 (1,021)
Net cash provided by operating activities 178,242 163,447 135,982
Cash flows used in investing activities:      
Purchases of property, plant and equipment (93,233) (55,460) (32,987)
Proceeds from sale of property, plant and equipment 165 27 25
Cash paid for acquisition of intangible assets   (50)  
Investment in Dogfish Head, net of cash acquired (165,517)    
Other investing activities (244) 139 33
Net cash used in investing activities (258,829) (55,344) (32,929)
Cash flows provided by (used in) financing activities:      
Repurchase of Class A Common Stock   (88,312) (144,602)
Proceeds from exercise of stock options 8,063 22,143 15,415
Net cash paid on note payable and finance leases (378) (78) (60)
Cash borrowed on line of credit 97,000    
Cash paid on line of credit (97,000)    
Net proceeds from sale of investment shares 1,173 906 796
Net cash provided by (used in) financing activities 8,858 (65,341) (128,451)
Change in cash and cash equivalents (71,729) 42,762 (25,398)
Cash and cash equivalents at beginning of year 108,399 65,637 91,035
Cash and cash equivalents at end of period 36,670 108,399 65,637
Supplemental disclosure of cash flow information:      
Non cash consideration issued in Dogfish Head Transaction 144,743    
Income taxes paid 30,760 11,353 43,006
Income taxes refunded 18 5,000  
Cash paid for amounts included in measurement of lease liabilities      
Operating cash flows from operating leases 4,696    
Operating cash flows from finance leases 56    
Financing cash flows from finance leases 313    
Right-of-use assets obtained in exchange for operating lease obligations 57,966    
Right-of-use assets obtained in exchange for finance lease obligations 2,837    
Interest paid on revolving credit facility 451    
Increase (decrease) in accounts payable for purchase of property, plant and equipment 3,994 $ 2,609 $ (2,689)
Increase in accrued expenses for purchase of property, plant and equipment $ 2,638