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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 01, 2022
Jan. 02, 2021
Dec. 28, 2019
Cash flows from operating activities      
Net earnings $ 73,751 $ 75,914 $ 5,742
Loss from discontinued operations, net of tax     175
Earnings from continuing operations 73,751 75,914 5,917
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Non-cash restructuring, asset impairment and other charges 2,973 22,422 18,653
Loss on debt extinguishment     329
Depreciation and amortization 92,711 89,876 88,401
Non-cash rent (4,854) (5,550) (7,276)
LIFO expense 18,652 2,176 5,892
Pension settlement expense     18,244
Postretirement benefits expense 1,611 1,775 2,972
Deferred taxes on income 17,603 2,457 (2,260)
Stock-based compensation expense 6,868 6,299 7,312
Stock warrant 1,958 6,549  
Postretirement benefit plan contributions (482) (580) (623)
(Gain) loss on disposals of assets (106) 3,330 (6,458)
Other operating activities 1,744 1,996 2,196
Changes in operating assets and liabilities:      
Accounts receivable (4,005) (12,936) 2,025
Inventories 320 (7,030) 40,971
Prepaid expenses and other assets (18,992) (7,724) (15,752)
Accounts payable (18,286) 65,197 14,941
Accrued payroll and benefits (37,331) 66,722 (3,305)
Current income taxes 17,475 (12,552) 9,421
Other accrued expenses and other liabilities 9,545 8,375 (1,408)
Net cash provided by operating activities 161,155 306,716 180,192
Cash flows from investing activities      
Purchases of property and equipment (79,427) (67,298) (74,815)
Net proceeds from the sale of assets 29,375 9,201 18,760
Acquisitions, net of cash acquired     (86,659)
Loans to customers (180) (1,847) (3,535)
Payments from customers on loans 2,317 2,739 4,074
Other investing activities (63) (16) (997)
Net cash used in investing activities (47,978) (57,221) (143,172)
Cash flows from financing activities      
Proceeds from senior secured credit facility 1,374,478 1,383,637 1,217,498
Payments on senior secured credit facility (1,455,016) (1,584,293) (1,177,942)
Proceeds from other long-term debt     5,800
Repayment of other long-term debt and finance lease liabilities (5,710) (6,510) (68,460)
Proceeds from resolution of acquisition contingencies     15,000
Share repurchase (5,325) (10,000)  
Net payments related to stock-based award activities (2,252) (1,636) (1,782)
Dividends paid (28,327) (34,509) (20,709)
Other financing activities (262) (453) (624)
Net cash used in financing activities (122,414) (253,764) (31,219)
Net cash used in discontinued operations     (214)
Net (decrease) increase in cash and cash equivalents (9,237) (4,269) 5,587
Cash and cash equivalents at beginning of year 19,903 24,172 18,585
Cash and cash equivalents at end of year $ 10,666 $ 19,903 $ 24,172