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Summary of Significant Accounting Policies and Basis of Presentation (Tables)
 12 Months Ended
Dec. 30, 2023
Accounting Policies [Abstract]  
Property and Equipment Estimated Useful Lives Depreciation expense on land improvements, buildings and improvements, and equipment is computed using the straight-line method as follows:

Land improvements

15 years

Buildings and improvements

15 to 40 years

Equipment

3 to 15 years
Summary of Changes in the Company's Self-Insurance Liability

A summary of changes in the Company’s self-insurance liability is as follows:

(In thousands)

2023

 

 

2022

 

 

2021

 

Balance at beginning of year

$

 

18,157

 

 

$

 

19,445

 

 

$

 

16,737

 

Expenses

 

 

63,722

 

 

 

 

64,386

 

 

 

 

72,101

 

Claim payments, net of employee contributions

 

 

(63,700

)

 

 

 

(65,674

)

 

 

 

(69,393

)

Balance at end of year

$

 

18,179

 

 

$

 

18,157

 

 

$

 

19,445

 
Schedule of Computation of Basic and Diluted EPS for Continuing Operations

The following table sets forth the computation of basic and diluted EPS:

(In thousands, except per share amounts)

2023

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net earnings

$

 

52,237

 

 

$

 

34,518

 

 

$

 

73,751

 

Adjustment for earnings attributable to participating securities

 

 

(408

)

 

 

 

(404

)

 

 

 

(1,399

)

Net earnings used in calculating earnings per share

$

 

51,829

 

 

$

 

34,114

 

 

$

 

72,352

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding, including participating securities

 

 

34,211

 

 

 

 

35,279

 

 

 

 

35,639

 

Adjustment for participating securities

 

 

(267

)

 

 

 

(413

)

 

 

 

(676

)

Shares used in calculating basic earnings per share

 

 

33,944

 

 

 

 

34,866

 

 

 

 

34,963

 

Effect of dilutive stock warrant

 

 

584

 

 

 

 

847

 

 

 

 

225

 

Effect of dilutive restricted stock awards

 

 

106

 

 

 

 

187

 

 

 

 

79

 

Shares used in calculating diluted earnings per share

 

 

34,634

 

 

 

 

35,900

 

 

 

 

35,267

 

Basic earnings per share

$

 

1.53

 

 

$

 

0.98

 

 

$

 

2.07

 

Diluted earnings per share

$

 

1.50

 

 

$

 

0.95

 

 

$

 

2.05

 
Summary of Accounts and Notes Receivable

Accounts and notes receivable are composed of the following:

 

December 30,

 

 

December 31,

 

(In thousands)

2023

 

 

2022

 

Current notes receivable

$

 

2,613

 

 

$

 

1,622

 

Customer accounts receivable

 

 

379,208

 

 

 

 

375,550

 

Other receivables

 

 

44,649

 

 

 

 

32,942

 

Allowance for credit losses

 

 

(4,611

)

 

 

 

(6,098

)

Net accounts and current notes receivable

$

 

421,859

 

 

$

 

404,016

 

Long-term notes receivable

$

 

7,369

 

 

$

 

8,573

 

Allowance for credit losses

 

 

(1,212

)

 

 

 

(948

)

Net long-term notes receivable

$

 

6,157

 

 

$

 

7,625