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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Operating Activities:      
Net income $ 973,585 $ 1,082,200 $ 992,324
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 118,743 103,498 78,121
Amortization 45,110 51,320 48,594
(Gain) loss on sale of property and equipment (2,083) 298 (1,799)
Unrealized foreign currency (gains) losses (5,867) 36,385 (9,873)
Deferred income taxes (143,286) (5,368) 6,931
Stock compensation expense 76,801 92,522 80,885
Realized gains on marketable securities 986 (622) (1,392)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net of allowance for doubtful accounts 167,336 (19,106) (108,859)
Inventories (363,327) (476,454) 28,726
Other current and noncurrent assets 72,185 (38,004) (33,690)
Accounts payable (131,268) 108,946 1,447
Other current and noncurrent liabilities (71,756) 70,007 87,761
Deferred revenue (2,379) (7,377) (25,211)
Deferred costs 3,591 8,288 11,973
Income Taxes 49,888 5,894 (20,671)
Net cash provided by operating activities 788,259 1,012,427 1,135,267
Investing activities:      
Purchases of property and equipment (244,286) (307,645) (185,401)
Proceeds from sale of property and equipment 2,402 35 1,977
Purchase of intangible assets (1,907) (1,942) (2,065)
Purchase of marketable securities (1,051,994) (1,508,712) (1,052,640)
Redemption of marketable securities 1,164,116 1,363,070 1,126,253
Acquisitions, net of cash acquired (13,455) (20,175) (148,648)
Net cash used in investing activities (145,124) (475,369) (260,524)
Financing activities:      
Dividends (679,096) (491,457) (450,631)
Proceeds from issuance of treasury stock related to equity awards 62,221 35,733 15,201
Purchase of treasury stock related to equity awards (22,730) (30,985) (26,330)
Purchase of treasury stock under share repurchase plan (201,012)    
Net cash used in financing activities (840,617) (486,709) (461,760)
Effect of exchange rate changes on cash and cash equivalents (21,449) (10,254) 18,127
Net (decrease) increase in cash, cash equivalents, and restricted cash (218,931) 40,095 431,110
Cash, cash equivalents, and restricted cash at beginning of year 1,498,843 1,458,748 1,027,638
Cash, cash equivalents, and restricted cash at end of year 1,279,912 1,498,843 1,458,748
Supplemental disclosures of cash flow information      
Cash paid during the year for income taxes 184,809 131,040 133,057
Cash received during the year from income tax refunds 7,786 8,264 4,820
Supplemental disclosure of non-cash investing and financing activities      
(Decrease) increase in accrued capital expenditures related to purchases of property and equipment (4,320) 9,541 (4,192)
Change in marketable securities related to unrealized (depreciation) appreciation (107,362) (32,622) 23,045
Fair value of assets acquired 15,340 20,956 165,082
Liabilities assumed (1,624) (764) (14,884)
Less: cash acquired (261) (17) (1,550)
Cash paid for acquisitions, net of cash acquired $ 13,455 $ 20,175 $ 148,648