XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 25, 2015
OPERATING ACTIVITIES:    
Net earnings $ 14,626 $ 11,960
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Losses (earnings) on investments in joint ventures (109) 123
Distributions from joint ventures 270 46
Loss on disposition of property, equipment and other assets 717 747
Impairment charge 0 2,919
Amortization of favorable lease right 167 167
Depreciation and amortization 20,551 19,589
Amortization of debt issuance fees 150 219
Stock compensation expense 921 788
Deferred income taxes 1,529 2,797
Deferred compensation and other 745 620
Contribution of the Company’s stock to savings and profit-sharing plan 905 888
Changes in operating assets and liabilities:    
Accounts and notes receivable (1,876) (6,342)
Other current assets 195 (491)
Accounts payable (2,394) (3,686)
Income taxes 897 (588)
Taxes other than income taxes (1,242) (629)
Accrued compensation (515) 4,540
Other accrued liabilities (6,641) (1,941)
Total adjustments 14,270 19,766
Net cash provided by operating activities 28,896 31,726
INVESTING ACTIVITIES:    
Capital expenditures (41,810) (45,791)
Proceeds from disposals of property, equipment and other assets 4 43
Decrease in restricted cash 11,266 383
(Increase) decrease in other assets (372) 1,093
Purchase of interest in joint venture 0 (1,600)
Sale of interest in joint venture 1,000 0
Net cash used in investing activities (29,912) (45,872)
FINANCING ACTIVITIES:    
Proceeds from borrowings on revolving credit facilities 220,188 112,500
Repayment of borrowings on revolving credit facilities (155,000) (101,500)
Principal payments on debt (51,620) (4,830)
Debt issuance fees (491) 0
Equity transactions:    
Treasury stock transactions, except for stock options (5,139) (914)
Exercise of stock options 1,199 1,834
Dividends paid (6,001) (5,338)
Distributions to noncontrolling interest (448) (379)
Net cash provided by financing activities 2,688 1,373
Net increase (decrease) in cash and cash equivalents 1,672 (12,773)
Cash and cash equivalents at beginning of period 6,672 18,684
Cash and cash equivalents at end of period 8,344 5,911
Supplemental Information:    
Interest paid, net of amounts capitalized 4,918 4,749
Income taxes paid 7,097 4,545
Change in accounts payable for additions to property and equipment $ (1,104) $ 4,729