v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Operating activities    
Net income $ 292,919 $ 313,729
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 89,951 75,264
Operating lease asset amortization 79,564 70,568
Share-based compensation 15,667 14,403
Deferred income taxes 5,210 2,941
Other non-cash items 2,282 2,712
Changes in operating assets and liabilities:    
Accounts receivable 6,327 21,227
Inventories (9,719) (7,782)
Prepaid expenses and other current assets 15,694 (719)
Other assets (2,334) (2,529)
Accounts payable 14,523 5,664
Accrued liabilities (58,209) 10,108
Accrued salaries and benefits (25,537) (12,877)
Operating lease liabilities (63,548) (83,113)
Other long-term liabilities 6,205 741
Cash flows from operating activities 368,995 410,337
Investing activities    
Purchases of property and equipment (189,907) (120,319)
Cash flows used in investing activities (189,907) (120,319)
Financing activities    
Payments on finance lease liabilities (309) (644)
Repurchase of common stock (209,999) (292,223)
Payments of excise tax on repurchases of common stock (4,172) (2,091)
Proceeds from exercise of stock options 1,017 1,224
Cash flows used in financing activities (213,463) (293,734)
Decrease in cash, cash equivalents, and restricted cash (34,375) (3,716)
Cash, cash equivalents, and restricted cash at beginning of the period 260,894 267,213
Cash, cash equivalents, and restricted cash at the end of the period 226,519 263,497
Supplemental disclosure of cash flow information    
Cash paid for interest 889 796
Cash paid for income taxes 68,577 82,586
Supplemental disclosure of non-cash activities    
Property and equipment in accounts payable and accrued liabilities 34,043 21,651
Excise tax accrued on repurchase of common stock 1,809 2,426
Leased assets obtained in exchange for new operating lease liabilities, net of lease terminations 190,019 147,535
Property acquired through finance obligations $ 30,443 $ 0