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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Cash flows from operating activities:      
Net income $ 486,896 $ 423,847 $ 475,505
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 238,371 238,184 249,260
Share-based compensation 37,438 27,760 35,267
Loss and impairment of long-lived assets 6,671 15,956 17,106
Other, net 12,437 2,195 3,123
Provision (benefit) for deferred income taxes 23,148 15,956 (151,263)
Net change in:      
Receivables, net (62,837) (21,471) 36,047
Inventories (63,130) (206,125) 167,548
Accounts payable 245,785 285,493 (197,168)
Accrued expenses (72,288) 93,940 (13,295)
Other assets and liabilities, net 14,418 (64,707) (21,325)
Net cash provided by operating activities 866,909 811,028 600,805
Cash flows from investing activities:      
Purchases of property and equipment (270,129) (193,715) (189,758)
Purchase of an indefinite-lived intangible asset (201,519) 0 0
Proceeds from sales of property and equipment 8,709 1,888 11,099
Other, net 0 0 20
Net cash used in investing activities (462,939) (191,827) (178,639)
Cash flows from financing activities:      
(Decrease) increase in bank overdrafts (59,339) 32,014 14,004
Redemption of senior unsecured note (310,047) 0 0
Borrowings under credit facilities 0 0 534,400
Payments on credit facilities 0 0 (534,400)
Dividends paid (17,185) (17,819) (17,854)
Proceeds from the issuance of common stock 3,334 3,200 4,076
Repurchases of common stock (498,435) (281,354) (6,498)
Other, net (481) 44 (8,600)
Net cash used in financing activities (882,153) (263,915) (14,872)
Effect of exchange rate changes on cash 321 (5,696) 4,465
Net (decrease) increase in cash and cash equivalents (477,862) 349,590 411,759
Cash and cash equivalents, beginning of period 896,527 546,937 135,178
Cash and cash equivalents, end of period 418,665 896,527 546,937
Supplemental cash flow information:      
Interest paid 41,099 45,322 53,509
Income tax payments 108,163 143,213 192,116
Non-cash transactions:      
Accrued purchases of property and equipment $ 26,201 $ 15,365 $ 14,335