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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Cash flows provided by operating activities:      
Net income $ 191,960 $ 110,041 $ 92,663
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 65,657 56,271 51,968
Impairment of assets 4,466 911 652
(Gain) loss on disposal of property, plant and equipment (639) 871 64
Change in ROU assets 7,355 4,207  
Bad debt expense 488 45 2
Stock-based compensation expense 15,282 12,337 10,035
Deferred income taxes 17,655 7,404 14,350
Changes in operating assets and liabilities:      
Accounts receivable (24,014) (12,260) (1,636)
Inventories (24,463) (24,932) (21,312)
Prepaid expenses, income tax receivable and other current assets (19,411) (1,530) (552)
Other assets (44,322) (12,332)  
Accounts payable 40,771 21,417 6,352
Accrued expenses and other current liabilities 24,469 18,618 10,130
Change in operating lease liability (3,786) (3,277)  
Other liabilities 1,939 451 731
Net cash provided by operating activities 253,407 178,242 163,447
Cash flows used in investing activities:      
Purchases of property, plant and equipment (139,996) (93,233) (55,460)
Proceeds from sale of property, plant and equipment 487 165 27
Cash paid for acquisition of intangible assets     (50)
Investment in Dogfish Head, net of cash acquired   (165,517)  
Other investing activities 392 (244) 139
Net cash used in investing activities (139,117) (258,829) (55,344)
Cash flows provided by (used in) financing activities:      
Repurchase of Class A Common Stock     (88,312)
Proceeds from exercise of stock options and sale of investment shares 15,274 9,236 23,049
Net cash paid on note payable and finance leases (1,260) (378) (78)
Cash borrowed on line of credit 100,000 97,000  
Cash paid on line of credit (100,000) (97,000)  
Payment of tax withholdings on stock-based payment awards and investment shares (1,692)   0
Net cash provided by (used in) financing activities 12,322 8,858 (65,341)
Change in cash and cash equivalents 126,612 (71,729) 42,762
Cash and cash equivalents at beginning of year 36,670 108,399 65,637
Cash and cash equivalents at end of period 163,282 36,670 108,399
Supplemental disclosure of cash flow information:      
Non cash consideration issued in Dogfish Head Transaction   144,743  
Income taxes paid 36,032 30,760 11,353
Income taxes refunded 60 18 5,000
Cash paid for amounts included in measurement of lease liabilities      
Operating cash flows from operating leases 6,194 4,696  
Operating cash flows from finance leases 143 56  
Financing cash flows from finance leases 1,192 313  
Right-of-use assets obtained in exchange for operating lease obligations 12,081 57,966  
Right-of-use assets obtained in exchange for finance lease obligations 2,689 2,837  
Interest paid on revolving credit facility 246 451  
Change in purchase of property, plant and equipment in accounts payable and accrued expenses $ 9,387 $ 6,632 $ 2,609