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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Operating activities    
Net income $ 313,729 $ 209,389
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 75,264 67,756
Operating lease asset amortization 70,568 65,489
Share-based compensation 14,403 13,266
Deferred income taxes 2,941 (396)
Other non-cash items 2,712 2,189
Changes in operating assets and liabilities, net of effects from acquisition:    
Accounts receivable 21,227 18,746
Inventories (7,782) (2,380)
Prepaid expenses and other current assets (719) 13,947
Other assets (2,529) (125)
Accounts payable 5,664 (12,914)
Accrued liabilities 10,108 24,081
Accrued salaries and benefits (12,877) (5,095)
Operating lease liabilities (83,113) (83,952)
Other long-term liabilities 741 1,294
Cash flows from operating activities 410,337 311,295
Investing activities    
Purchases of property and equipment (120,319) (108,925)
Cash flows used in investing activities (120,319) (108,925)
Financing activities    
Payments on revolving credit facilities 0 (125,000)
Payments on finance lease liabilities (644) (542)
Repurchase of common stock (292,223) (104,488)
Payments of excise tax on repurchases of common stock (2,091) 0
Proceeds from exercise of stock options 1,224 3,265
Cash flows used in financing activities (293,734) (226,765)
Decrease in cash, cash equivalents, and restricted cash (3,716) (24,395)
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 263,497 179,475
Supplemental disclosure of cash flow information    
Cash paid for interest 796 4,193
Cash paid for income taxes 82,586 43,590
Supplemental disclosure of non-cash activities    
Property and equipment in accounts payable and accrued liabilities 21,651 25,989
Excise tax accrued on repurchase of common stock 2,426 2,470
Leased assets obtained in exchange for new operating lease liabilities, net of lease terminations $ 147,535 $ 144,796