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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net income $ 179,369 $ 198,167
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 120,079 104,293
(Gain)/loss on disposition of property and equipment (17,415) 1,305
Share-based compensation expense 13,226 14,448
Deferred income taxes 1,677 9,137
Change in assets and liabilities:    
Inventories (355,486) (402,865)
Prepaid expenses and other current assets (11,320) 4,320
Accounts payable 311,807 335,878
Accrued employee compensation (83,666) (68,598)
Other accrued expenses 2,609 20,193
Income taxes 46,526 41,792
Other 9,369 (662)
Net cash provided by operating activities 216,775 257,408
Cash flows from investing activities:    
Capital expenditures (141,280) (157,199)
Proceeds from sale of property and equipment 20,851 4,943
Acquisition of Allivet, net of cash acquired (140,625) 0
Net cash used in investing activities (261,054) (152,256)
Cash flows from financing activities:    
Borrowings under debt facilities 605,000 150,000
Repayments under debt facilities (355,000) (150,000)
Principal payments under finance lease liabilities (1,068) (1,203)
Repurchase of shares to satisfy tax obligations (13,960) (22,001)
Repurchase of common stock (95,082) (117,843)
Net proceeds from issuance of common stock 7,016 21,718
Cash dividends paid to stockholders (122,401) (118,809)
Net cash provided by/(used in) financing activities 24,505 (238,138)
Net decrease in cash and cash equivalents (19,774) (132,986)
Cash and cash equivalents at beginning of period 251,491 397,071
Cash and cash equivalents at end of period 231,717 264,085
Cash paid during the period for:    
Interest 8,367 3,903
Income taxes 1,684 1,775
Supplemental disclosures of non-cash activities:    
Non-cash accruals for property and equipment 84,731 65,821
Increase of operating lease assets and liabilities from new or modified leases 185,552 139,094
Increase of finance lease assets and liabilities from new or modified leases $ (3,406) $ 0