XML 40 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 44,006 $ 40,328
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 22,699 21,739
(Gain) loss on disposition of property and equipment (156) 87
Stock compensation expense 3,397 4,559
Excess tax benefit of stock options exercised (11,993) (9,934)
Deferred income taxes 10,711 4,106
Change in assets and liabilities:    
Inventories (234,784) (200,961)
Prepaid expenses and other current assets (47) 1,391
Accounts payable 155,651 157,504
Accrued employee compensation (39,293) (35,050)
Other accrued expenses (14,296) (9,933)
Income taxes payable (27,617) 4,586
Other (3,577) 1,280
Net cash used in operating activities (95,299) (20,298)
Cash flows from investing activities:    
Capital expenditures (49,335) (31,829)
Proceeds from sale of property and equipment 185 0
Net cash used in investing activities (49,150) (31,829)
Cash flows from financing activities:    
Borrowings under revolving credit agreement 125,000 0
Repayments under revolving credit agreement (20,000) 0
Excess tax benefit of stock options exercised 11,993 9,934
Principal payments under capital lease obligations (8) (10)
Repurchase of shares to satisfy tax obligations (3,942) (6,581)
Repurchase of common stock (49,863) (4,143)
Net proceeds from issuance of common stock 13,590 11,274
Cash dividends paid to stockholders (13,929) (8,617)
Net cash provided by financing activities 62,841 1,857
Net decrease in cash and cash equivalents (81,608) (50,270)
Cash and cash equivalents at beginning of period 138,630 176,965
Cash and cash equivalents at end of period 57,022 126,695
Cash paid during the period for:    
Interest 148 28
Income taxes 41,650 14,412
Non-cash accruals for construction in progress $ 17,515 $ 2,254