v3.24.1.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Operating activities    
Net income $ 114,100 $ 76,160
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 34,522 34,912
Operating lease asset amortization 32,303 30,696
Impairment of assets 0 27,845
Share-based compensation 6,477 3,852
Deferred income taxes 1,072 (386)
Other non-cash items 496 14
Changes in operating assets and liabilities, net of effects from acquisition:    
Accounts receivable 8,601 6,241
Inventories 6,996 5,400
Prepaid expenses and other current assets 14,691 9,528
Other assets 924 2,609
Accounts payable 28,899 27,006
Accrued liabilities 17,642 (2,024)
Accrued salaries and benefits (17,667) (13,712)
Accrued income tax 8,869 5,456
Operating lease liabilities (36,580) (33,956)
Other long-term liabilities (1,650) 179
Cash flows from operating activities 219,695 179,820
Investing activities    
Purchases of property and equipment (51,241) (47,044)
Payments for acquisition, net of cash acquired 0 (13,042)
Cash flows used in investing activities (51,241) (60,086)
Financing activities    
Payments on revolving credit facilities 0 (25,000)
Payments on finance lease liabilities (253) (219)
Repurchase of common stock (60,000) (98,349)
Proceeds from exercise of stock options 2,283 5,488
Cash flows used in financing activities (57,970) (118,080)
Increase in cash, cash equivalents, and restricted cash 110,484 1,654
Cash, cash equivalents, and restricted cash at beginning of the period 203,870 295,192
Cash, cash equivalents, and restricted cash at the end of the period 314,354 296,846
Supplemental disclosure of cash flow information    
Cash paid for interest 2,411 3,641
Cash refunded for income taxes 151 54
Supplemental disclosure of non-cash activities    
Property and equipment in accounts payable and accrued liabilities 23,599 20,924
Issuance of shares for acquisition 0 18,139
Excise tax accrued on repurchase of common stock 2,146 822
Leased assets obtained in exchange for new operating lease liabilities $ 72,791 $ 138,662