v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 27, 2026
Sep. 28, 2025
Operating activities    
Net income $ 406,340 $ 433,845
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 137,671 116,003
Operating lease asset amortization 121,171 107,866
Share-based compensation 19,465 22,045
Deferred income taxes 5,951 (488)
Other non-cash items 3,819 1,643
Changes in operating assets and liabilities:    
Accounts receivable 8,495 24,688
Inventories (13,339) (56,608)
Prepaid expenses and other current assets 25,836 5,310
Other assets (3,647) (3,928)
Accounts payable 4,819 23,231
Accrued liabilities (34,660) 23,496
Accrued salaries and benefits (30,516) (8,397)
Accrued income tax 0 11,522
Operating lease liabilities (102,885) (123,680)
Other long-term liabilities 6,607 923
Cash flows provided by operating activities 555,127 577,471
Investing activities    
Purchases of property and equipment (284,210) (176,081)
Cash flows used in investing activities (284,210) (176,081)
Financing activities    
Payments on finance lease liabilities (598) (793)
Repurchase of common stock (299,221) (341,925)
Payments of excise tax on repurchases of common stock (4,172) (2,091)
Proceeds from exercise of stock options 2,339 1,686
Other financing activities 1,100 0
Cash flows used in financing activities (300,552) (343,123)
(Decrease)/increase in cash, cash equivalents, and restricted cash (29,635) 58,267
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 231,259 325,480
Supplemental disclosure of cash flow information    
Cash paid for interest 2,488 1,293
Cash paid for income taxes 97,506 111,438
Supplemental disclosure of non-cash activities    
Property and equipment in accounts payable and accrued liabilities 32,265 26,025
Leased assets obtained in exchange for new operating lease liabilities, net of lease terminations 332,012 237,068
Property acquired through finance obligations $ 48,209 $ 40,978