XML 23 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
4 Months Ended
Apr. 23, 2016
Apr. 25, 2015
Cash flows from operating activities    
Net earnings $ 9,851 $ 10,327
Loss from discontinued operations, net of tax 109 120
Earnings from continuing operations 9,960 10,447
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Non-cash restructuring, asset impairment and other charges 14,662 5,864
Depreciation and amortization 23,895 26,168
LIFO expense 1,412 1,723
Postretirement benefits expense 112 476
Deferred taxes on income 2,816 4,023
Stock-based compensation expense 5,024 4,753
Excess tax benefit on stock compensation (122) (174)
Other, net (53) 123
Changes in operating assets and liabilities:    
Accounts receivable 15,494 (30,205)
Inventories (14,009) 12,495
Prepaid expenses and other assets (8,356) 5,195
Accounts payable (13,386) 31,346
Accrued payroll and benefits (12,804) (13,812)
Postretirement benefit payments (77) (650)
Other accrued expenses and other liabilities (16,015) (8,831)
Net cash provided by operating activities 8,553 48,941
Cash flows from investing activities    
Purchases of property and equipment (18,090) (12,724)
Net proceeds from the sale of assets 4,739 9,670
Loans to customers   (1,435)
Payments from customers on loans 522 500
Other (97) (534)
Net cash used in investing activities (12,926) (4,523)
Cash flows from financing activities    
Proceeds from revolving credit facility 428,755 269,916
Payments on revolving credit facility (401,737) (301,949)
Share repurchase (9,000) (2,526)
Repayment of other long-term debt (2,841) (2,979)
Financing fees paid (98) (1,845)
Excess tax benefit on stock compensation 122 174
Proceeds from exercise of stock options 936 2,010
Dividends paid (5,632) (5,092)
Net cash provided by (used in) financing activities 10,505 (42,291)
Cash flows from discontinued operations    
Net cash used in operating activities (164) (95)
Net cash used in discontinued operations (164) (95)
Net increase in cash and cash equivalents 5,968 2,032
Cash and cash equivalents at beginning of period 22,719 6,443
Cash and cash equivalents at end of period $ 28,687 $ 8,475