XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2016
Sep. 29, 2015
Cash flows from operating activities:    
Net income including noncontrolling interests $ 98,665 $ 77,241
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 60,718 50,994
Deferred income taxes (3,270) (8,189)
Loss on disposition of assets 3,509 4,038
Impairment and closure costs 139  
Equity income from investments in unconsolidated affiliates (831) (1,288)
Distributions of income received from investments in unconsolidated affiliates 1,765 414
Provision for doubtful accounts 9 (41)
Share-based compensation expense 18,347 15,649
Changes in operating working capital:    
Receivables 23,373 11,106
Inventories 1,276 493
Prepaid expenses 1,985 2,079
Other assets (3,003) (1,519)
Accounts payable (9,352) (2,115)
Deferred revenue-gift cards (46,146) (37,153)
Accrued wages (8,471) 3,652
Excess tax benefits from share-based compensation (2,698) (4,253)
Prepaid income taxes and income taxes payable 9,760 10,482
Accrued taxes and licenses 1,698 1,831
Other accrued liabilities 5,594 1,886
Deferred rent 3,412 3,405
Other liabilities 3,303 2,796
Net cash provided by operating activities 159,782 131,508
Cash flows from investing activities:    
Capital expenditures-property and equipment (113,219) (125,100)
Proceeds from sale of property and equipment, including insurance proceeds   272
Net cash used in investing activities (113,219) (124,828)
Cash flows from financing activities:    
Proceeds from revolving credit facility, net 25,000 20,000
Repurchase of shares of common stock (4,110) (4,741)
Distributions to noncontrolling interests (3,538) (3,192)
Excess tax benefits from share-based compensation 2,698 4,253
Proceeds from stock option and other deposits, net 283 1,069
Indirect repurchase of shares for minimum tax withholdings (7,927) (7,424)
Principal payments on long-term debt and capital lease obligation (106) (95)
Proceeds from exercise of stock options 2,172 4,191
Dividends paid to shareholders (38,656) (34,247)
Net cash used in financing activities (24,184) (20,186)
Net increase (decrease) in cash and cash equivalents 22,379 (13,506)
Cash and cash equivalents—beginning of period 59,334 86,122
Cash and cash equivalents—end of period 81,713 72,616
Supplemental disclosures of cash flow information:    
Interest paid, net of amounts capitalized 201 1,744
Income taxes paid 35,849 31,122
Capital expenditures included in current liabilities 3,189 $ 3,944
Obligation under capital lease $ 2,000