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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Operating activities    
Net income $ 216,044 $ 207,929
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 96,057 94,422
Operating lease asset amortization 87,316 80,295
Store closure and other costs, net 171 0
Share-based compensation 11,672 11,304
Deferred income taxes 1,025 2,085
Other non-cash items 404 883
Changes in operating assets and liabilities:    
Accounts receivable 16,491 12,999
Inventories (36,280) (16,860)
Prepaid expenses and other current assets (7,880) (6,001)
Other assets 1,678 (2,834)
Accounts payable 23,121 29,479
Accrued liabilities 2,482 1,046
Accrued salaries and benefits (4,868) (30,544)
Operating lease liabilities (99,055) (88,664)
Other long-term liabilities (1,588) 1,120
Cash flows from operating activities 306,790 296,659
Investing activities    
Purchases of property and equipment (80,749) (70,010)
Cash flows used in investing activities (80,749) (70,010)
Financing activities    
Payments on finance lease liabilities (600) (507)
Payments of deferred financing costs (3,373) 0
Repurchase of common stock (155,094) (137,484)
Proceeds from exercise of stock options 4,074 1,918
Cash flows used in financing activities (154,993) (136,073)
Increase in cash, cash equivalents, and restricted cash 71,048 90,576
Cash, cash equivalents, and restricted cash at beginning of the period 247,004 171,441
Cash, cash equivalents, and restricted cash at the end of the period 318,052 262,017
Supplemental disclosure of cash flow information    
Cash paid for interest 8,415 8,710
Cash paid for income taxes 65,671 65,783
Leased assets obtained in exchange for new operating lease liabilities 96,956 96,713
Supplemental disclosure of non-cash investing and financing activities    
Property and equipment in accounts payable and accrued liabilities $ 17,834 $ 19,228