XML 25 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 25, 2022
Dec. 26, 2021
Dec. 27, 2020
Cash flows from operating activities:      
Net income (loss) $ 62,273 $ 61,634 $ (141,841)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 29,273 27,556 32,031
Goodwill and intangible asset impairment charge 0 0 175,189
Provision for credit losses 4,462 6,493 6,300
Stock-based compensation 9,687 13,943 9,113
Deferred income taxes 3,933 752 (26,791)
Non-cash lease expense 12,920 14,446 15,195
Other operating activities 7,862 (1,968) (686)
Changes in operating assets and liabilities      
Accounts receivable 34,765 (81,616) 57,146
Income taxes receivable and payable (2,665) 1,602 (1,122)
Operating lease right-of-use asset 118 8,080 0
Other assets (16,142) (13,715) (2,124)
Accounts payable and other accrued expenses (1,501) 16,425 (6,561)
Other accrued wages and benefits (7,938) 34,581 (2,012)
Deferred employer payroll taxes 0 (57,065) 57,065
Workers’ compensation claims reserve (5,184) 701 (125)
Operating lease liabilities (13,052) (13,457) (14,562)
Other liabilities 1,692 2,048 (3,684)
Net cash provided by operating activities 120,503 20,440 152,531
Cash flows from investing activities:      
Capital expenditures (30,626) (35,006) (27,066)
Payments for company-owned life insurance 0 (4,000) (12,031)
Proceeds from company-owned life insurance 0 832 0
Purchases of restricted available-for-sale investments 0 (43) (2,896)
Sales of restricted available-for-sale investments 0 7,333 12,311
Purchases of restricted held-to-maturity investments (18,031) (9,411) (32,495)
Maturities of restricted held-to-maturity investments 27,712 23,935 27,561
Other 0 140 205
Net cash used in investing activities (20,945) (16,220) (34,411)
Cash flows from financing activities:      
Purchases and retirement of common stock (60,939) (16,678) (52,346)
Net proceeds from employee stock purchase plans 980 1,135 922
Common stock repurchases for taxes upon vesting of restricted stock (4,480) (3,238) (2,438)
Net change in revolving credit facility 0 0 (37,100)
Other (253) (345) (1,540)
Net cash used in financing activities (64,692) (19,126) (92,502)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,420) (521) 623
Net change in cash, cash equivalents and restricted cash 32,446 (15,427) 26,241
Cash, cash equivalents and restricted cash, beginning of period 103,185 118,612 92,371
Cash, cash equivalents and restricted cash, end of period 135,631 103,185 118,612
Supplemental disclosure of cash flow information:      
Interest 1,123 1,425 3,149
Income taxes 9,980 9,773 (3,441)
Operating lease liabilities 15,964 16,590 16,995
Non-cash transactions:      
Property and equipment purchased but not yet paid 4,502 3,949 1,347
Right-of-use assets obtained in exchange for new operating lease liabilities $ 9,637 $ 11,878 $ 38,847