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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities:    
Net income $ 613,065 $ 418,175
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 158,634 144,584
Gain on disposition of property and equipment (774) (262)
Share-based compensation expense 26,977 25,755
Deferred income taxes (3,734) 8,495
Change in assets and liabilities:    
Inventories (312,259) (223,230)
Prepaid expenses and other current assets (35,233) 9,961
Accounts payable 413,875 59,810
Accrued employee compensation 80,606 (4,810)
Other accrued expenses 20,279 (21,622)
Income taxes (11,908) (3,257)
Other 55,447 728
Net cash provided by operating activities 1,004,975 414,327
Cash flows from investing activities:    
Capital expenditures (161,292) (144,342)
Proceeds from sale of property and equipment 1,130 2,317
Net cash used in investing activities (160,162) (142,025)
Cash flows from financing activities:    
Borrowings under debt facilities 1,159,000 947,000
Repayments under debt facilities (646,500) (710,750)
Payments of Debt Issuance Costs 1,237 0
Principal payments under finance lease liabilities (3,098) (2,741)
Repurchase of shares to satisfy tax obligations (7,732) (3,790)
Repurchase of common stock (263,219) (489,977)
Net proceeds from issuance of common stock 73,753 105,543
Cash dividends paid to stockholders (128,035) (121,246)
Net cash provided by/(used in) financing activities 182,932 (275,961)
Net change in cash and cash equivalents 1,027,745 (3,659)
Cash and cash equivalents at beginning of period 84,241 86,299
Cash and cash equivalents at end of period 1,111,986 82,640
Cash paid during the period for:    
Interest 18,304 15,189
Income taxes 191,743 112,693
Supplemental disclosures of non-cash activities:    
Non-cash accruals for construction in progress 14,199 10,981
Increase of operating lease assets and liabilities from new or modified leases 381,486 240,969
Increase of finance lease assets and liabilities from new or modified leases $ 6,028 $ 2,883
Operating lease assets and liabilities recognized upon adoption of ASC 842 — 2,084,880