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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 76,832,000 $ 71,433,000
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 45,767,000 42,787,000
(Gain) / loss on disposition of property and equipment (224,000) 94,000
Share-based compensation expense 9,624,000 8,567,000
Deferred income taxes 13,485,000 (91,000)
Change in assets and liabilities:    
Inventories (291,790,000) (306,857,000)
Prepaid expenses and other current assets 23,755,000 1,437,000
Accounts payable 165,087,000 155,956,000
Accrued employee compensation (25,342,000) (8,399,000)
Other accrued expenses (31,159,000) (5,226,000)
Income taxes 5,488,000 18,712,000
Other (4,547,000) (276,000)
Net cash used in operating activities (13,024,000) (21,863,000)
Cash flows from investing activities:    
Capital expenditures (28,785,000) (45,144,000)
Proceeds from sale of property and equipment 358,000 13,000
Net cash used in investing activities (28,427,000) (45,131,000)
Cash flows from financing activities:    
Borrowings under debt facilities 385,000,000 375,000,000
Repayments under debt facilities (165,500,000) (96,250,000)
Debt issuance costs 0 (346,000)
Principal payments under finance lease liabilities (897,000) (900,000)
Repurchase of shares to satisfy tax obligations (3,026,000) (569,000)
Repurchase of common stock (155,319,000) (157,463,000)
Net proceeds from issuance of common stock 34,732,000 4,363,000
Cash dividends paid to stockholders (37,623,000) (33,591,000)
Net cash provided by financing activities 57,367,000 90,244,000
Net change in cash and cash equivalents 15,916,000 23,250,000
Cash and cash equivalents at beginning of period 86,299,000 109,148,000
Cash and cash equivalents at end of period 102,215,000 132,398,000
Cash paid during the period for:    
Interest 6,137,000 2,534,000
Income taxes 2,080,000 789,000
Supplemental disclosures of non-cash activities:    
Non-cash accruals for construction in progress 6,540,000 12,270,000
Operating lease assets and liabilities recognized upon adoption of ASC 842 2,084,880,000 0
Increase of operating lease assets and liabilities from new or modified leases $ 64,519,000 $ 0