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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Operating activities    
Net income $ 180,026 $ 114,100
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 36,820 34,522
Operating lease asset amortization 34,689 32,303
Share-based compensation 6,656 6,477
Deferred income taxes 4,595 1,072
Other non-cash items 1,532 496
Changes in operating assets and liabilities, net of effects from acquisition:    
Accounts receivable 10,763 8,601
Inventories 3,049 6,996
Prepaid expenses and other current assets (236) 14,691
Other assets (357) 924
Accounts payable 54,084 28,899
Accrued liabilities 6,102 17,642
Accrued salaries and benefits (29,777) (17,667)
Accrued income tax 33,922 8,869
Operating lease liabilities (41,249) (36,580)
Other long-term liabilities (1,530) (1,650)
Cash flows from operating activities 299,089 219,695
Investing activities    
Purchases of property and equipment (59,479) (51,241)
Cash flows used in investing activities (59,479) (51,241)
Financing activities    
Payments on finance lease liabilities (326) (253)
Repurchase of common stock (218,762) (60,000)
Proceeds from exercise of stock options 0 2,283
Cash flows used in financing activities (219,088) (57,970)
Increase in cash, cash equivalents, and restricted cash 20,522 110,484
Cash, cash equivalents, and restricted cash at beginning of the period 267,213 203,870
Cash, cash equivalents, and restricted cash at the end of the period 287,735 314,354
Supplemental disclosure of cash flow information    
Cash paid for interest 807 2,411
Cash refunded for income taxes 102 151
Supplemental disclosure of non-cash activities    
Property and equipment in accounts payable and accrued liabilities 19,224 23,599
Excise tax accrued on repurchase of common stock 3,823 2,146
Leased assets obtained in exchange for new operating lease liabilities, net of lease terminations $ 69,736 $ 72,791