XML 37 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Oct. 04, 2014
Oct. 12, 2013
Cash flows from operating activities    
Net earnings $ 46,725 $ 23,199
Loss from discontinued operations, net of tax 358 428
Earnings from continuing operations 47,083 23,627
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Restructuring and asset impairment charges (67) 2,220
Convertible debt interest   379
Loss on debt extinguishment   2,762
Depreciation and amortization 68,043 31,586
LIFO expense 5,077 413
Postretirement benefits expense 1,093 147
Deferred income taxes 3,640 (7,885)
Stock-based compensation expense 6,017 2,865
Excess tax benefit on stock compensation (651) (146)
Other, net (205) 99
Changes in operating assets and liabilities:    
Accounts receivable (18,629) (9,540)
Inventories (29,582) (5,857)
Prepaid expenses and other assets 4,676 6,841
Accounts payable 59,079 11,245
Accrued payroll and benefits (17,021) (4,273)
Postretirement benefit payments (4,016) (252)
Other accrued expenses and other liabilities (7,152) 1,906
Net cash provided by operating activities 117,385 56,137
Cash flows from investing activities    
Purchases of property and equipment (57,611) (28,784)
Net proceeds from the sale of assets 5,368 115
Loans to customers (4,915)  
Payments from customers on loans 2,864  
Other (68) (1,095)
Net cash used in investing activities (54,362) (29,764)
Cash flows from financing activities    
Proceeds from revolving credit facility 788,740 424,384
Payments on revolving credit facility (831,688) (387,315)
Share repurchase (2,492)  
Repurchase of convertible notes   (57,973)
Repayment of other long-term debt (5,836) (3,139)
Financing fees paid (479) (27)
Excess tax benefit on stock compensation 651 146
Proceeds from sale of common stock 780 224
Dividends paid (13,588) (5,679)
Net cash used in financing activities (63,912) (29,379)
Cash flows from discontinued operations    
Net cash used in operating activities (279) (454)
Net cash used in discontinued operations (279) (454)
Net decrease in cash and cash equivalents (1,168) (3,460)
Cash and cash equivalents at beginning of period 9,216 8,960
Cash and cash equivalents at end of period $ 8,048 $ 5,500