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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
Cash flows from operating activities:    
Net income $ 220,960 $ 224,093
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 80,774 67,634
Loss on disposition of property and equipment 198 233
Share-based compensation expense 15,079 11,212
Deferred income taxes (7,742) (3,618)
Change in assets and liabilities:    
Inventories (98,598) (82,124)
Prepaid expenses and other current assets 148 19,897
Accounts payable (8,702) 3,145
Accrued employee compensation (10,982) (14,940)
Other accrued expenses (33,895) (9,972)
Income taxes 67,289 59,424
Other 2,979 3,214
Net cash provided by operating activities 227,508 278,198
Cash flows from investing activities:    
Capital expenditures (96,610) (100,956)
Proceeds from sale of property and equipment 10,781 40
Net cash used in investing activities (85,829) (100,916)
Cash flows from financing activities:    
Borrowings under senior credit facility 578,000 595,000
Repayments under senior credit facility (398,000) (547,500)
Debt issuance costs (313) (1,380)
Principal payments under capital lease obligations (669) (513)
Repurchase of shares to satisfy tax obligations (653) (843)
Repurchase of common stock (248,147) (106,905)
Net proceeds from issuance of common stock 7,835 30,943
Cash dividends paid to stockholders (65,855) (58,785)
Net cash used in financing activities (127,802) (89,983)
Net change in cash and cash equivalents 13,877 87,299
Cash and cash equivalents at beginning of period 53,916 63,813
Cash and cash equivalents at end of period 67,793 151,112
Cash paid during the period for:    
Interest 5,218 2,153
Income taxes 67,752 73,205
Supplemental disclosures of non-cash activities:    
Property and equipment acquired through capital lease 10,734 5,218
Non-cash accruals for construction in progress $ 15,377 $ 32,075