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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jul. 14, 2018
Jul. 15, 2017
Cash flows from operating activities:    
Net income $ 254,562 $ 195,009
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 128,244 135,200
Share-based compensation 12,413 19,938
Loss on disposal and impairment of property and equipment 4,757 4,361
Provision (benefit) for deferred income taxes 11,195 (16,006)
Other 1,180 1,851
Net change in:    
Receivables, net (59,995) (37,012)
Inventories 2,140 41,923
Accounts payable 19,083 (153,750)
Accrued expenses 112,214 91,333
Other assets and liabilities, net (41,825) (15,498)
Net cash provided by operating activities 443,968 267,349
Cash flows from investing activities:    
Purchases of property and equipment (61,815) (122,364)
Proceeds from sales of property and equipment 578 1,311
Other, net 0 20
Net cash used in investing activities (61,237) (121,033)
Cash flows from financing activities:    
Decrease in bank overdrafts (8,362) (4,202)
Borrowings under credit facilities 0 534,400
Payments on credit facilities 0 (534,400)
Dividends paid (13,398) (13,363)
Proceeds from the issuance of common stock 1,697 2,281
Tax withholdings related to the exercise of stock appreciation rights (304) (6,230)
Repurchase of common stock (5,657) (3,303)
Other, net 784 (2,027)
Net cash used in financing activities (25,240) (26,844)
Effect of exchange rate changes on cash (2,179) 2,580
Net increase in cash and cash equivalents 355,312 122,052
Cash and cash equivalents, beginning of period 546,937 135,178
Cash and cash equivalents, end of period 902,249 257,230
Non-cash transactions:    
Accrued purchases of property and equipment $ 9,075 $ 10,205