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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2024
Jun. 27, 2023
Cash flows from operating activities:    
Net income including noncontrolling interests $ 239,065 $ 173,029
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 84,408 73,640
Deferred income taxes (4,254) 1,767
Loss on disposition of assets 1,646 3,475
Impairment and closure costs 26 39
Equity income from investments in unconsolidated affiliates (543) (1,042)
Distributions of income received from investments in unconsolidated affiliates 541 358
Provision for doubtful accounts (8) 1
Share-based compensation expense 18,378 16,744
Changes in operating working capital, net of acquisitions:    
Receivables 106,883 90,501
Inventories (2,879) 303
Prepaid expenses and other current assets 9,138 5,111
Other assets (10,377) (10,119)
Accounts payable 11,293 14,365
Deferred revenue-gift cards (123,428) (110,436)
Accrued wages 16,858 12,620
Prepaid income taxes and income taxes payable 9,220 5,224
Accrued taxes and licenses 3,338 5,346
Other accrued liabilities (3,540) (7,624)
Operating lease right-of-use assets and lease liabilities 3,515 3,178
Other liabilities 18,067 11,753
Net cash provided by operating activities 377,347 288,233
Cash flows from investing activities:    
Capital expenditures-property and equipment (155,478) (154,580)
Acquisition of franchise restaurants, net of cash acquired 0 (39,153)
Proceeds from sale of investments in unconsolidated affiliates 0 632
Proceeds from the sale of property and equipment 197 0
Proceeds from sale leaseback transactions 9,126 7,097
Net cash used in investing activities (146,155) (186,004)
Cash flows from financing activities:    
Payments on revolving credit facility 0 (50,000)
Distributions to noncontrolling interest holders (5,625) (4,127)
Acquisition of noncontrolling interest (5,279) 0
Proceeds from restricted stock and other deposits, net 397 356
Indirect repurchase of shares for minimum tax withholdings (10,829) (8,239)
Repurchase of shares of common stock (35,139) (33,058)
Dividends paid to shareholders (81,509) (73,698)
Net cash used in financing activities (137,984) (168,766)
Net increase (decrease) in cash and cash equivalents 93,208 (66,537)
Cash and cash equivalents-beginning of period 104,246 173,861
Cash and cash equivalents-end of period 197,454 107,324
Supplemental disclosures of cash flow information:    
Interest paid, net of amounts capitalized 454 638
Income taxes paid 35,768 19,613
Capital expenditures included in current liabilities $ 35,565 $ 36,268