XML 17 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 29, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 33,954 $ 28,423
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization expenses 21,464 21,177
Deferred income taxes 3,161 1,215
Stock-based compensation 5,185 4,731
Tax impact of stock options exercised, net of cancellations 5,940 4,340
Excess tax benefit related to stock options exercised (6,034) (4,317)
Other 834 814
Changes in assets and liabilities:    
Accounts receivable 1,080 2,527
Other receivables 42,070 32,635
Inventories (1,533) 730
Prepaid expenses 1,339 (8,346)
Other assets (619) (1,847)
Accounts payable (509) (1,334)
Income taxes receivable/payable 2,718 4,600
Other accrued expenses (32,742) (20,000)
Cash provided by operating activities 76,308 65,348
Cash flows from investing activities:    
Additions to property and equipment (22,441) (24,151)
Additions to intangible assets (620) (547)
Cash used in investing activities (23,061) (24,698)
Cash flows from financing activities:    
Deemed landlord financing payments (873) (743)
Borrowings on credit facility   25,000
Proceeds from exercise of stock options 11,645 5,669
Excess tax benefit related to stock options exercised 6,034 4,317
Cash dividends paid (9,939) (8,443)
Treasury stock purchases (50,046) (80,389)
Payment for future treasury stock purchases under accelerated stock repurchase agreement   (4,601)
Cash used in financing activities (43,179) (59,190)
Net change in cash and cash equivalents 10,068 (18,540)
Cash and cash equivalents at beginning of period 43,854 58,018
Cash and cash equivalents at end of period 53,922 39,478
Supplemental disclosures:    
Interest paid 1,483 1,455
Income taxes paid 909 543
Construction payable $ 4,601 $ 8,285