XML 23 R8.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Cash flows from operating activities      
Net earnings $ 34,518 $ 73,751 $ 75,914
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Non-cash restructuring, asset impairment and other charges 553 2,973 22,422
Depreciation and amortization 94,180 92,711 89,876
Non-cash rent (4,339) (4,854) (5,550)
LIFO expense 56,823 18,652 2,176
Postretirement benefits (income) expense (890) 1,611 1,775
Deferred taxes on income 1,415 17,603 2,457
Stock-based compensation expense 8,353 6,868 6,299
Stock warrant 2,158 1,958 6,549
(Gain) loss on disposals of assets 1,073 (106) (3,330)
Other operating activities 2,183 1,262 1,416
Changes in operating assets and liabilities:      
Accounts receivable (38,168) (4,005) (12,936)
Inventories (92,346) 320 (7,030)
Prepaid expenses and other assets 4,683 (18,992) (7,724)
Accounts payable 28,069 (18,286) 65,197
Accrued payroll and benefits 16,855 (37,331) 66,722
Current income taxes 4,658 17,475 (12,552)
Other accrued expenses and other liabilities (9,428) 9,545 8,375
Net cash provided by operating activities 110,350 161,155 306,716
Cash flows from investing activities      
Purchases of property and equipment (97,280) (79,427) (67,298)
Net proceeds from the sale of assets 36,825 29,375 9,201
Acquisitions, net of cash acquired (41,429)   0
Loans to customers 0 (180) (1,847)
Payments from customers on loans 1,358 2,317 2,739
Other investing activities (422) (63) (16)
Net cash used in investing activities (100,948) (47,978) (57,221)
Cash flows from financing activities      
Proceeds from senior secured credit facility 1,468,649 1,374,478 1,383,637
Payments on senior secured credit facility (1,382,409) (1,455,016) (1,584,293)
Repayment of other long-term debt and finance lease liabilities (6,849) (5,710) (6,510)
Share repurchase (32,494) (5,325) (10,000)
Net payments related to stock-based award activities (4,326) (2,252) (1,636)
Dividends paid (29,708) (28,327) (34,509)
Financing fees paid (3,845) (262) (233)
Stock warrant issuance costs (220)
Net cash used in financing activities 9,018 (122,414) (253,764)
Net (decrease) increase in cash and cash equivalents 18,420 (9,237) (4,269)
Cash and cash equivalents at beginning of year 10,666 19,903 24,172
Cash and cash equivalents at end of year $ 29,086 $ 10,666 $ 19,903