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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net income $ 623,363 $ 604,322
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 213,558 199,512
(Gain)/loss on disposition of property and equipment (4,210) (474)
Share-based compensation expense 25,124 30,179
Deferred income taxes (10,712) 30,916
Change in assets and liabilities:    
Inventories (354,179) 34,626
Prepaid expenses and other current assets (33,345) (22,439)
Accounts payable 256,717 (126,400)
Accrued employee compensation (21,558) (56,795)
Other accrued expenses 19,996 (26,994)
Income taxes 97,319 104,723
Other 5,270 11,145
Net cash provided by operating activities 817,343 782,321
Cash flows from investing activities:    
Capital expenditures (349,818) (349,586)
Proceeds from sale of property and equipment 18,487 761
Proceeds from Orscheln acquisition net working capital settlement 0 4,310
Net cash used in investing activities (331,331) (344,515)
Cash flows from financing activities:    
Borrowings under debt facilities 335,000 1,767,000
Repayments under debt facilities (335,000) (1,195,000)
Debt discounts and issuance costs 0 (9,729)
Principal payments under finance lease liabilities (864) (2,805)
Repurchase of shares to satisfy tax obligations (22,717) (23,121)
Repurchase of common stock (255,756) (345,653)
Net proceeds from issuance of common stock 28,349 15,252
Cash dividends paid to stockholders (237,347) (226,221)
Net cash used in financing activities (488,335) (20,277)
Net (decrease)/increase in cash and cash equivalents (2,323) 417,529
Cash and cash equivalents at beginning of period 397,071 202,502
Cash and cash equivalents at end of period 394,748 620,031
Cash paid during the period for:    
Interest 30,203 20,462
Income taxes 89,875 36,226
Supplemental disclosures of non-cash activities:    
Non-cash accruals for property and equipment 61,418 27,031
Increase of operating lease assets and liabilities from new or modified leases 272,524 260,268
Increase of finance lease assets and liabilities from new or modified leases $ 0 $ 450