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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 15, 2017
Jul. 16, 2016
Cash flows from operating activities:    
Net income $ 195,009 $ 283,413
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 135,200 139,265
Share-based compensation 19,938 9,142
Loss on property and equipment, net 4,361 2,402
(Benefit) provision for deferred income taxes (16,006) 11,454
Other, net 1,851 (1,390)
Net change in:    
Receivables, net (37,012) (57,241)
Inventories 41,923 (236,403)
Accounts payable (153,750) 11,611
Accrued expenses 91,333 51,488
Other assets and liabilities (15,498) (5,301)
Net cash provided by operating activities 267,349 208,440
Cash flows from investing activities:    
Purchases of property and equipment (122,364) (137,920)
Proceeds from sales of property and equipment 1,311 1,293
Other, net 20 (2,430)
Net cash used in investing activities (121,033) (139,057)
Cash flows from financing activities:    
(Decrease) increase in bank overdrafts (4,202) 13,656
Borrowings under credit facilities 534,400 576,600
Payments on credit facilities (534,400) (611,100)
Dividends paid (13,363) (13,291)
Proceeds from the issuance of common stock 2,281 2,222
Tax withholdings related to the exercise of stock appreciation rights (6,230) (12,489)
Repurchase of common stock (3,303) (12,179)
Other, net (2,027) (224)
Net cash used in financing activities (26,844) (56,805)
Effect of exchange rate changes on cash 2,580 1,467
Net increase in cash and cash equivalents 122,052 14,045
Cash and cash equivalents, beginning of period 135,178 90,782
Cash and cash equivalents, end of period 257,230 104,827
Non-cash transactions:    
Accrued purchases of property and equipment $ 10,205 $ 22,523