v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Cash flows from operating activities:    
Net income $ 55,228 $ 41,424
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,015 20,405
Provision for credit losses 3,352 2,881
Stock-based compensation 7,675 10,149
Deferred income taxes 2,046 445
Non-cash lease expense 9,694 11,173
Other operating activities 8,772 (1,484)
Changes in operating assets and liabilities:    
Accounts receivable 21,388 (53,626)
Income taxes receivable and payable 186 963
Operating lease right-of-use asset 0 7,150
Other assets (564) (7,003)
Accounts payable and other accrued expenses (22,935) 3,212
Accrued wages and benefits (10,277) 24,278
Deferred employer payroll taxes 0 (57,066)
Workers’ compensation claims reserve (4,304) 3,075
Operating lease liabilities (9,673) (10,017)
Other liabilities (2,529) 4,598
Net cash provided by operating activities 80,074 557
Cash flows from investing activities:    
Capital expenditures (22,685) (28,772)
Purchases of restricted available-for-sale investments 0 (29)
Sales of restricted available-for-sale investments 0 793
Purchases of restricted held-to-maturity investments (4,950) 0
Maturities of restricted held-to-maturity investments 23,697 18,346
Net cash used in investing activities (3,938) (9,662)
Cash flows from financing activities:    
Purchases and retirement of common stock (60,939) 0
Net proceeds from employee stock purchase plans 780 754
Common stock repurchases for taxes upon vesting of restricted stock (4,347) (3,035)
Other (203) (270)
Net cash used in financing activities (64,709) (2,551)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,482) (613)
Net change in cash, cash equivalents and restricted cash 8,945 (12,269)
Cash, cash equivalents and restricted cash, beginning of period 103,185 118,612
Cash, cash equivalents and restricted cash, end of period 112,130 106,343
Supplemental Disclosure of Cash Flow Information [Abstract]    
Interest 828 1,174
Income taxes 8,907 5,522
Operating lease liabilities 11,824 12,402
Property and equipment purchased but not yet paid 3,131 2,394
Right-of-use assets obtained in exchange for new operating lease liabilities $ 7,015 $ 10,739

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