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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Cash flows from operating activities:    
Net income $ 278,722 $ 220,960
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 86,397 80,774
Loss on disposition of property and equipment 623 198
Share-based compensation expense 16,409 15,079
Deferred income taxes (2,247) (7,742)
Change in assets and liabilities:    
Inventories (179,072) (98,598)
Prepaid expenses and other current assets (15,127) 148
Accounts payable 73,097 (8,702)
Accrued employee compensation (8,915) (10,982)
Other accrued expenses (3,884) (33,895)
Income taxes 23,870 67,289
Other 4,141 2,979
Net cash provided by operating activities 274,014 227,508
Cash flows from investing activities:    
Capital expenditures (116,695) (96,610)
Proceeds from sale of property and equipment 288 10,781
Net cash used in investing activities (116,407) (85,829)
Cash flows from financing activities:    
Borrowings under debt facilities 673,000 578,000
Repayments under debt facilities (557,500) (398,000)
Debt issuance costs (346) (313)
Principal payments under capital lease obligations (1,809) (669)
Repurchase of shares to satisfy tax obligations (569) (653)
Repurchase of common stock (252,545) (248,147)
Net proceeds from issuance of common stock 14,345 7,835
Cash dividends paid to stockholders (71,377) (65,855)
Net cash used in financing activities (196,801) (127,802)
Net change in cash and cash equivalents (39,194) 13,877
Cash and cash equivalents at beginning of period 109,148 53,916
Cash and cash equivalents at end of period 69,954 67,793
Cash paid during the period for:    
Interest 6,337 5,218
Income taxes 58,949 67,752
Supplemental disclosures of non-cash activities:    
Property and equipment acquired through capital lease 0 10,734
Non-cash accruals for construction in progress $ 16,227 $ 15,377