XML 68 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Cash flows from operating activities      
Net earnings (loss) $ 5,742 $ 33,572 $ (52,845)
Loss from discontinued operations, net of tax 175 219 228
Earnings (loss) from continuing operations 5,917 33,791 (52,617)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Non-cash restructuring, goodwill/asset impairment and other charges 18,653 37,793 227,847
Loss on debt extinguishment 329   413
Depreciation and amortization 90,597 84,190 84,390
Non-cash rent (7,276) (962) (1,040)
LIFO expense 5,892 4,601 2,898
Pension settlement expense 18,244    
Postretirement benefits expense 2,972 63 1,347
Deferred taxes on income (2,260) 7,407 (79,921)
Stock-based compensation expense 7,312 7,646 9,611
Postretirement benefit plan contributions (623) (1,889) (501)
Gain on disposals of assets (6,458) (106) (160)
Changes in operating assets and liabilities:      
Accounts receivable 2,025 (1,177) (25,276)
Inventories 40,971 38,213 (48,478)
Prepaid expenses and other assets (15,752) (6,467) (8,418)
Accounts payable 14,941 (18,358) (24,477)
Accrued payroll and benefits (3,305) (8,295) (17,253)
Other accrued expenses and other liabilities 8,013 (4,792) (15,522)
Net cash provided by operating activities 180,192 171,658 52,843
Cash flows from investing activities      
Purchases of property and equipment (74,815) (71,495) (70,906)
Net proceeds from the sale of assets 18,760 6,901 4,024
Acquisitions, net of cash acquired (86,659)   (226,939)
Loans to customers (3,535) (1,123) (10,328)
Payments from customers on loans 4,074 2,111 3,948
Other (997) (550) (15,192)
Net cash used in investing activities (143,172) (64,156) (315,393)
Cash flows from financing activities      
Proceeds from senior secured credit facility 1,217,498 1,016,918 1,461,902
Payments on senior secured credit facility (1,177,942) (1,123,557) (1,140,491)
Proceeds from other long-term debt 5,800 60,000  
Repayment of other long-term debt and finance lease liabilities (68,460) (8,175) (7,456)
Financing fees paid (805) (2,217) (256)
Proceeds from resolution of acquisition contingencies 15,000    
Share repurchase   (20,000) (34,995)
Net payments related to stock-based award activities (1,782) (1,630) (3,204)
Proceeds from exercise of stock options 181 284 3,207
Dividends paid (20,709) (25,923) (24,704)
Net cash (used in) provided by financing activities (31,219) (104,300) 254,003
Cash flows from discontinued operations      
Net cash used in operating activities (214) (284) (137)
Net cash used in discontinued operations (214) (284) (137)
Net increase (decrease) in cash and cash equivalents 5,587 2,918 (8,684)
Cash and cash equivalents at beginning of year 18,585 15,667 24,351
Cash and cash equivalents at end of year $ 24,172 $ 18,585 $ 15,667