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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash flows from operating activities:    
Net income $ 418,175 $ 395,506
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 144,584 131,383
(Gain) / loss on disposition of property and equipment (262) (285)
Share-based compensation expense 25,755 22,787
Deferred income taxes 8,495 5,009
Change in assets and liabilities:    
Inventories (223,230) (284,065)
Prepaid expenses and other current assets 9,961 (21,226)
Accounts payable 59,810 107,104
Accrued employee compensation (4,810) 20,000
Other accrued expenses (21,622) 667
Income taxes (3,257) (29,667)
Other 728 6,206
Net cash provided by operating activities 414,327 353,419
Cash flows from investing activities:    
Capital expenditures (144,342) (193,693)
Proceeds from sale of property and equipment 2,317 2,029
Net cash used in investing activities (142,025) (191,664)
Cash flows from financing activities:    
Borrowings under debt facilities 947,000 968,500
Repayments under debt facilities (710,750) (820,750)
Debt issuance costs 0 (346)
Principal payments under finance lease liabilities (2,741) (2,725)
Repurchase of shares to satisfy tax obligations (3,790) (622)
Repurchase of common stock (489,977) (289,205)
Net proceeds from issuance of common stock 105,543 54,706
Cash dividends paid to stockholders (121,246) (109,159)
Net cash used in financing activities (275,961) (199,601)
Net change in cash and cash equivalents (3,659) (37,846)
Cash and cash equivalents at beginning of period 86,299 109,148
Cash and cash equivalents at end of period 82,640 71,302
Cash paid during the period for:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 15,189 15,445
Income taxes 112,693 137,041
Supplemental disclosures of non-cash activities:    
Non-cash accruals for construction in progress 10,981 15,521
Operating lease assets and liabilities recognized upon adoption of ASC 842 2,084,880 0
Increase of operating lease assets and liabilities from new or modified leases 240,969 0
Increase of finance lease assets and liabilities from new or modified leases $ 2,883 $ 0