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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2016
Mar. 28, 2015
Cash flows from operating activities:    
Net income $ 67,668 $ 58,040
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,577 30,282
Loss (gain) on disposition of property and equipment 80 (47)
Share-based compensation expense 5,269 4,999
Excess tax benefit of stock options exercised (3,090) (8,181)
Deferred income taxes (604) 359
Change in assets and liabilities:    
Inventories (186,316) (255,515)
Prepaid expenses and other current assets 6,652 1,477
Accounts payable 155,496 214,728
Accrued employee compensation (31,690) (27,573)
Other accrued expenses (15,879) (8,074)
Income taxes 31,234 24,429
Other 157 1,389
Net cash provided by operating activities 62,554 36,313
Cash flows from investing activities:    
Capital expenditures (36,732) (48,767)
Proceeds from sale of property and equipment 20 265
Net cash used in investing activities (36,712) (48,502)
Cash flows from financing activities:    
Borrowings under senior credit facility   110,000
Proceeds from (Repayments of) Debt 475,000  
Repayments under senior credit facility   (50,000)
Cash Outflow for Debt Issuance Costs (1,380)  
Repayments of Unsecured Debt 375,000  
Debt Related Commitment Fees and Debt Issuance Costs   0
Excess tax benefit of stock options exercised 3,090 8,181
Principal payments under capital lease obligations (246) (90)
Repurchase of shares to satisfy tax obligations (843) (1,078)
Repurchase of common stock (99,102) (47,945)
Net proceeds from issuance of common stock 10,041 20,948
Cash dividends paid to stockholders (26,714) (21,828)
Net cash (used in) provided by financing activities (15,154) 18,188
Net change in cash and cash equivalents 10,688 5,999
Cash and cash equivalents at beginning of period 63,813 51,134
Cash and cash equivalents at end of period 74,501 57,133
Cash paid during the period for:    
Interest 791 464
Income taxes 8,642 8,979
Supplemental disclosures of non-cash activities:    
Property and equipment acquired through capital lease 5,218 4,122
Non-cash accruals for construction in progress $ 15,652 $ 21,181