XML 43 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 25, 2011
Cash flows from operating activities:    
Net income $ 146,949 $ 109,495
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 44,172 37,094
Loss on disposition of property and equipment 146 569
Stock compensation expense 9,309 6,989
Excess tax benefit of stock options exercised (16,497) (8,897)
Deferred income taxes (5,887) 4,368
Change in assets and liabilities:    
Inventories (116,115) (138,963)
Prepaid expenses and other current assets (4,603) (12,418)
Accounts payable 48,348 104,375
Accrued employee compensation (18,936) (15,259)
Other accrued expenses (6,422) (11,931)
Income taxes payable 68,783 43,059
Other 2,923 (1,120)
Net cash provided by operating activities 152,170 117,361
Cash flows from investing activities:    
Capital expenditures (65,566) (74,084)
Proceeds from sale of property and equipment 0 138
Decrease (increase) in restricted cash 13,070 (21,870)
Proceeds from sale of short-term investments 0 15,913
Net cash used in investing activities (52,496) (79,903)
Cash flows from financing activities:    
Excess tax benefit of stock options exercised 16,497 8,897
Principal payments under capital lease obligations (19) (74)
Restricted stock units withheld to satisfy tax obligations (6,581) (981)
Repurchase of common stock (102,536) (122,873)
Net proceeds from issuance of common stock 18,146 19,509
Cash dividends paid to stockholders (23,046) (13,758)
Net cash used in financing activities (97,539) (109,280)
Net increase (decrease) in cash and cash equivalents 2,135 (71,822)
Cash and cash equivalents at beginning of period 176,965 257,339
Cash and cash equivalents at end of period 179,100 185,517
Cash paid during the period for:    
Interest 86 214
Income taxes 22,616 14,596
Non-cash accruals for construction in progress $ 1,181 $ 576