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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
4 Months Ended
Apr. 18, 2020
Apr. 20, 2019
Cash flows from operating activities:    
Net income $ 43,588 $ 142,500
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,579 69,885
Share-based compensation 13,809 10,984
Loss and impairment of long-lived assets 981 125
Provision (benefit) for deferred income taxes 146 (250)
Other 434 11,348
Net change in:    
Receivables, net 59,303 (58,757)
Inventories (104,899) (68,742)
Accounts payable (112,459) 102,941
Accrued expenses (1,824) (62,751)
Other assets and liabilities, net 33,250 57,259
Net cash provided by operating activities 10,908 204,542
Cash flows from investing activities:    
Purchases of property and equipment (82,973) (61,312)
Purchase of an indefinite-lived intangible asset (230) 0
Proceeds from sales of property and equipment 71 553
Net cash used in investing activities (83,132) (60,759)
Cash flows from financing activities:    
Decrease in bank overdrafts 0 (50,578)
Proceeds from borrowings on revolving credit facility 500,000 0
Proceeds from issuance of senior unsecured notes 498,240 0
Redemption of senior unsecured notes 0 (310,047)
Dividends paid (21,593) (8,723)
Proceeds from the issuance of common stock 735 678
Repurchases of common stock (35,761) (134,291)
Other, net (4,763) (215)
Net cash provided by (used in) financing activities 936,858 (503,176)
Effect of exchange rate changes on cash (3,461) 196
Net increase (decrease) in cash and cash equivalents 861,173 (359,197)
Cash and cash equivalents, beginning of period 418,665 896,527
Cash and cash equivalents, end of period 1,279,838 537,330
Non-cash transactions:    
Accrued purchases of property and equipment $ 25,080 $ 14,194