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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities:    
Net income $ 609,412 $ 623,363
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 242,179 213,558
(Gain)/loss on disposition of property and equipment (33,421) (4,210)
Share-based compensation expense 25,976 25,124
Deferred income taxes (24,054) (10,712)
Change in assets and liabilities:    
Inventories (231,907) (354,179)
Prepaid expenses and other current assets (26,400) (33,345)
Accounts payable 271,691 256,717
Accrued employee compensation (28,848) (21,558)
Other accrued expenses (15,892) 19,996
Income taxes 160,308 97,319
Other 53,531 5,270
Net cash provided by operating activities 1,002,575 817,343
Cash flows from investing activities:    
Capital expenditures (351,644) (349,818)
Proceeds from sale of property and equipment 42,906 18,487
Acquisition of Allivet, net of cash acquired (139,936) 0
Net cash used in investing activities (448,674) (331,331)
Cash flows from financing activities:    
Borrowings under debt facilities 1,315,000 335,000
Repayments under debt facilities (1,475,000) (335,000)
Principal payments under finance lease liabilities (2,056) (864)
Repurchase of shares to satisfy tax obligations (14,482) (22,717)
Repurchase of common stock (169,979) (255,756)
Net proceeds from issuance of common stock 11,315 28,349
Cash dividends paid to stockholders (244,380) (237,347)
Net cash used in financing activities (579,582) (488,335)
Net decrease in cash and cash equivalents (25,681) (2,323)
Cash and cash equivalents at beginning of period 251,491 397,071
Cash and cash equivalents at end of period 225,810 394,748
Cash paid during the period for:    
Interest 38,901 30,203
Income taxes 42,818 89,875
Supplemental disclosures of non-cash activities:    
Non-cash accruals for property and equipment 130,807 61,418
Increase of operating lease assets and liabilities from new or modified leases 439,149 272,524
Increase of finance lease assets and liabilities from new or modified leases $ (105) $ 0