v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Cash flows from operating activities:    
Net income (loss) $ (11,612) $ 34,532
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 12,691 14,532
Goodwill and intangible asset impairment charge 9,485 0
Provision for credit losses 2,408 2,572
Stock-based compensation 5,294 4,487
Deferred income taxes (22) 2,117
Non-cash lease expense 6,249 6,518
Other operating activities (1,099) 6,752
Changes in operating assets and liabilities:    
Accounts receivable 43,915 12,524
Income taxes receivable and payable (3,039) (3,549)
Other assets 15,053 (8,486)
Accounts payable and other accrued expenses (26,968) (10,629)
Accrued wages and benefits (9,277) (14,638)
Workers’ compensation claims reserve (19,899) 11,404
Operating lease liabilities (6,295) (6,441)
Other liabilities 3,980 1,407
Net cash provided by operating activities 20,864 53,102
Cash flows from investing activities:    
Capital expenditures (15,738) (13,992)
Payments for company-owned life insurance (2,347) 0
Purchases of restricted held-to-maturity investments (9,955) (4,950)
Maturities of restricted held-to-maturity investments 15,613 17,826
Net cash used in investing activities (12,427) (1,116)
Cash flows from financing activities:    
Purchases and retirement of common stock (34,200) (60,939)
Net proceeds from employee stock purchase plans 509 536
Common stock repurchases for taxes upon vesting of restricted stock (2,514) (4,132)
Other (91) (147)
Net cash used in financing activities (36,296) (64,682)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (20) (494)
Net change in cash, cash equivalents and restricted cash (27,879) (13,190)
Cash, cash equivalents and restricted cash, beginning of period 135,631 103,185
Cash, cash equivalents and restricted cash, end of period 107,752 89,995
Supplemental Disclosure of Cash Flow Information [Abstract]    
Interest 453 452
Income taxes 3,760 8,413
Operating lease liabilities 7,793 7,925
Property and equipment purchased but not yet paid 3,345 3,385
Right-of-use assets obtained in exchange for new operating lease liabilities $ 8,124 $ 4,852

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