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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
Cash flows from operating activities:    
Net income $ 60,311 $ 67,668
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 39,727 33,577
Loss on disposition of property and equipment 179 80
Share-based compensation expense 7,557 5,269
Deferred income taxes (1,611) (604)
Change in assets and liabilities:    
Inventories (288,105) (186,316)
Prepaid expenses and other current assets 4,098 6,652
Accounts payable 44,003 155,496
Accrued employee compensation (4,197) (31,690)
Other accrued expenses (28,144) (15,879)
Income taxes 22,266 31,234
Other 2,258 157
Net cash (used in) provided by operating activities (141,658) 65,644
Cash flows from investing activities:    
Capital expenditures (34,883) (36,732)
Proceeds from sale of property and equipment 28 20
Net cash used in investing activities (34,855) (36,712)
Cash flows from financing activities:    
Borrowings under senior credit facility 475,000 475,000
Repayments under senior credit facility (137,500) (375,000)
Debt issuance costs 0 (1,380)
Principal payments under capital lease obligations (332) (246)
Repurchase of shares to satisfy tax obligations (653) (843)
Repurchase of common stock (114,547) (99,102)
Net proceeds from issuance of common stock 4,593 10,041
Cash dividends paid to stockholders (31,263) (26,714)
Net cash provided by (used in) financing activities 195,298 (18,244)
Net change in cash and cash equivalents 18,785 10,688
Cash and cash equivalents at beginning of period 53,916 63,813
Cash and cash equivalents at end of period 72,701 74,501
Cash paid during the period for:    
Interest 2,125 791
Income taxes 12,739 8,642
Supplemental disclosures of non-cash activities:    
Property and equipment acquired through capital lease 0 5,218
Non-cash accruals for construction in progress $ 12,044 $ 15,652