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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 24, 2016
Cash flows from operating activities:    
Net income $ 312,856 $ 313,537
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 122,701 103,296
Loss on disposition of property and equipment 509 219
Share-based compensation expense 22,931 17,326
Deferred income taxes 4,626 2,002
Change in assets and liabilities:    
Inventories (221,899) (205,559)
Prepaid expenses and other current assets 14,939 19,530
Accounts payable 90,361 56,765
Accrued employee compensation 9,251 (25,059)
Other accrued expenses (33,259) 2,626
Income taxes 9,154 (6,384)
Other 8,792 7,336
Net cash provided by operating activities 340,962 285,635
Cash flows from investing activities:    
Capital expenditures (152,040) (167,161)
Proceeds from sale of property and equipment 10,880 366
Net cash used in investing activities (141,160) (166,795)
Cash flows from financing activities:    
Borrowings under debt facilities 1,010,000 695,000
Repayments under debt facilities (773,750) (550,000)
Debt issuance costs (599) (1,380)
Principal payments under capital lease obligations (1,554) (823)
Repurchase of shares to satisfy tax obligations (771) (843)
Repurchase of common stock (326,647) (215,692)
Net proceeds from issuance of common stock 9,619 37,421
Cash dividends paid to stockholders (99,970) (90,829)
Net cash used in financing activities (183,672) (127,146)
Net change in cash and cash equivalents 16,130 (8,306)
Cash and cash equivalents at beginning of period 53,916 63,813
Cash and cash equivalents at end of period 70,046 55,507
Cash paid during the period for:    
Interest 8,010 3,445
Income taxes 166,027 184,817
Supplemental disclosures of non-cash activities:    
Property and equipment acquired through capital lease 11,395 10,493
Non-cash accruals for construction in progress $ 15,949 $ 17,727