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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income $ 551,376 $ 422,455
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 124,907 103,983
Loss/(gain) on disposition of property and equipment 3,752 (342)
Share-based compensation expense 23,194 14,449
Deferred income taxes 12,814 (13,019)
Change in assets and liabilities:    
Inventories (209,554) (85,727)
Prepaid expenses and other current assets (28,659) (34,373)
Accounts payable 245,815 360,661
Accrued employee compensation (34,891) 37,664
Other accrued expenses 59,247 24,908
Income taxes 64,140 127,846
Other (3,234) 34,633
Net cash provided by operating activities 808,907 993,138
Cash flows from investing activities:    
Capital expenditures (216,029) (86,624)
Proceeds from sale of property and equipment 316 646
Net cash used in investing activities (215,713) (85,978)
Cash flows from financing activities:    
Borrowings under debt facilities 0 1,159,000
Repayments under debt facilities 0 (639,000)
Debt discounts and issuance costs 0 (1,237)
Principal payments under finance lease liabilities (2,207) (2,035)
Repurchase of shares to satisfy tax obligations (13,588) (7,391)
Repurchase of common stock (456,714) (263,219)
Net proceeds from issuance of common stock 70,026 50,340
Cash dividends paid to stockholders (120,466) (81,493)
Net cash (used in)/provided by financing activities (522,949) 214,965
Net change in cash and cash equivalents 70,245 1,122,125
Cash and cash equivalents at beginning of period 1,341,756 84,241
Cash and cash equivalents at end of period 1,412,001 1,206,366
Cash paid during the period for:    
Interest 11,626 10,587
Income taxes 74,457 6,825
Supplemental disclosures of non-cash activities:    
Non-cash accruals for property and equipment 10,418 5,789
Increase of operating lease assets and liabilities from new or modified leases 404,100 219,105
Increase of finance lease assets and liabilities from new or modified leases $ 0 $ 4,022