v3.24.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Operating activities    
Net income $ 300,999 $ 208,807
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 103,881 103,668
Operating lease asset amortization 99,278 94,403
Impairment of assets 0 27,845
Share-based compensation 19,925 14,731
Deferred income taxes 1,170 (13,225)
Other non-cash items 3,116 596
Changes in operating assets and liabilities, net of effects from acquisition:    
Accounts receivable 30,273 10,070
Inventories (6,275) (11,322)
Prepaid expenses and other current assets 18,595 21,093
Other assets 219 3,870
Accounts payable 25,556 27,446
Accrued liabilities 37,877 19,027
Accrued salaries and benefits 6,777 4,509
Accrued income tax 1,392 0
Operating lease liabilities (122,646) (103,787)
Other long-term liabilities 214 1,294
Cash flows from operating activities 520,351 409,025
Investing activities    
Purchases of property and equipment (161,687) (165,016)
Payments for acquisition, net of cash acquired 0 (13,032)
Cash flows used in investing activities (161,687) (178,048)
Financing activities    
Payments on revolving credit facilities (125,000) (100,000)
Payments on finance lease liabilities (840) (749)
Repurchase of common stock (129,698) (180,415)
Proceeds from exercise of stock options 4,729 8,844
Cash flows used in financing activities (250,809) (272,320)
Increase/(decrease) in cash, cash equivalents, and restricted cash 107,855 (41,343)
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 311,725 253,849
Supplemental disclosure of cash flow information    
Cash paid for interest 4,613 10,519
Cash paid for income taxes 71,290 64,569
Supplemental disclosure of non-cash activities    
Property and equipment in accounts payable and accrued liabilities 24,972 28,500
Issuance of shares for acquisition 0 18,139
Excise tax accrued on repurchase of common stock 2,777 1,559
Leased assets obtained in exchange for new operating lease liabilities, net of lease terminations 213,705 301,452
Leased assets obtained in exchange for new finance lease liabilities $ 0 $ 809