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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2024
Mar. 28, 2023
Cash flows from operating activities:    
Net income including noncontrolling interests $ 115,990 $ 88,604
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 41,493 36,227
Deferred income taxes 202 2,988
Loss on disposition of assets 369 1,223
Impairment and closure costs (8) 0
Equity income from investments in unconsolidated affiliates (257) (755)
Distributions of income received from investments in unconsolidated affiliates 238 170
Provision for doubtful accounts 9 28
Share-based compensation expense 9,523 8,154
Changes in operating working capital, net of acquisitions:    
Receivables 121,558 109,483
Inventories (64) 1,612
Prepaid expenses and other current assets (3,505) (3,224)
Other assets (1,212) (2,265)
Accounts payable 13,946 10,418
Deferred revenue-gift cards (107,431) (95,838)
Accrued wages 17,719 11,609
Prepaid income taxes and income taxes payable 18,105 10,381
Accrued taxes and licenses 3,515 3,137
Other accrued liabilities 5,973 3,044
Operating lease right-of-use assets and lease liabilities 614 1,090
Other liabilities 6,662 2,895
Net cash provided by operating activities 243,439 188,981
Cash flows from investing activities:    
Capital expenditures-property and equipment (77,672) (66,733)
Acquisition of franchise restaurants, net of cash acquired 0 (39,111)
Proceeds from sale of investments in unconsolidated affiliates 0 472
Proceeds from the sale of property and equipment 202 0
Proceeds from sale leaseback transactions 2,778 2,072
Net cash used in investing activities (74,692) (103,300)
Cash flows from financing activities:    
Payments on revolving credit facility 0 (50,000)
Distributions to noncontrolling interest holders (2,703) (1,950)
Proceeds from restricted stock and other deposits, net 343 482
Indirect repurchase of shares for minimum tax withholdings (7,473) (5,430)
Repurchase of shares of common stock (8,941) (9,623)
Dividends paid to shareholders (40,791) (36,878)
Net cash used in financing activities (59,565) (103,399)
Net increase (decrease) in cash and cash equivalents 109,182 (17,718)
Cash and cash equivalents-beginning of period 104,246 173,861
Cash and cash equivalents-end of period 213,428 156,143
Supplemental disclosures of cash flow information:    
Interest paid, net of amounts capitalized 238 411
Income taxes paid 497 965
Capital expenditures included in current liabilities $ 39,817 $ 30,908