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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating Activities:    
Net income $ 576,591 $ 490,266
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 67,890 64,816
Amortization 21,047 22,788
Loss (gain) on sale or disposal of property and equipment 128 (124)
Unrealized foreign currency losses (gains) 3,165 (13,054)
Deferred income taxes (35,778) (68,859)
Stock compensation expense 65,983 43,397
Realized loss on marketable securities 29 59
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net of allowance for doubtful accounts (8,600) (62,832)
Inventories (11,368) 111,531
Other current and non-current assets (39,759) 2,769
Accounts payable 92,065 45,206
Other current and non-current liabilities (62,099) (39,484)
Deferred revenue 667 4,711
Deferred costs (2,516) (990)
Income Taxes 23,181 (47,288)
Net cash provided by operating activities 690,626 552,912
Investing activities:    
Purchases of property and equipment (70,325) (99,346)
Purchase of marketable securities (281,297) (68,978)
Redemption of marketable securities 203,775 98,885
Net cash from (payments for) acquisitions 5,011 0
Other investing activities, net (321) (695)
Net cash used in investing activities (143,157) (70,134)
Financing activities:    
Dividends (284,246) (279,442)
Proceeds from issuance of treasury shares related to equity awards 24,530 21,946
Purchase of treasury stock related to equity awards (16,264) (9,397)
Purchase of treasury stock under share repurchase plan (9,713) (70,181)
Net cash used in financing activities (285,693) (337,074)
Effect of exchange rate changes on cash and cash equivalents (17,761) 599
Net increase in cash, cash equivalents, and restricted cash 244,015 146,303
Cash, cash equivalents, and restricted cash at beginning of period 1,694,156 1,279,912
Cash, cash equivalents, and restricted cash at end of period $ 1,938,171 $ 1,426,215