XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2024
Sep. 26, 2023
Cash flows from operating activities:    
Net income including noncontrolling interests $ 325,839 $ 238,653
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 128,918 112,764
Deferred income taxes (9,592) 2,707
Loss on disposition of assets 2,842 4,315
Impairment and closure costs 826 41
Equity income from investments in unconsolidated affiliates (778) (1,181)
Distributions of income received from investments in unconsolidated affiliates 799 493
Provision for doubtful accounts (22) 4
Share-based compensation expense 33,154 25,266
Changes in operating working capital, net of acquisitions:    
Receivables 123,155 102,068
Inventories (1,522) 1,835
Prepaid expenses and other current assets 10,394 5,821
Other assets (15,566) (12,680)
Accounts payable 3,166 14,188
Deferred revenue-gift cards (147,287) (135,251)
Accrued wages 20,636 13,469
Prepaid income taxes and income taxes payable 5,923 2,443
Accrued taxes and licenses 6,849 7,041
Other accrued liabilities (98) (10,117)
Operating lease right-of-use assets and lease liabilities 4,845 4,702
Other liabilities 23,608 14,158
Net cash provided by operating activities 516,089 390,739
Cash flows from investing activities:    
Capital expenditures-property and equipment (246,539) (243,895)
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 1,800
Proceeds from sale leaseback transactions 9,126 7,097
Net cash used in investing activities (237,216) (273,519)
Cash flows from financing activities:    
Payments on revolving credit facility 0 (50,000)
Distributions to noncontrolling interest holders (8,110) (6,021)
Acquisition of noncontrolling interest (5,279) 0
Proceeds from restricted stock and other deposits, net 396 485
Indirect repurchase of shares for minimum tax withholdings (14,027) (10,599)
Repurchase of shares of common stock (44,689) (45,193)
Dividends paid to shareholders (122,205) (110,429)
Net cash used in financing activities (193,914) (221,757)
Net increase (decrease) in cash and cash equivalents 84,959 (104,537)
Cash and cash equivalents-beginning of period 104,246 173,861
Cash and cash equivalents-end of period 189,205 69,324
Supplemental disclosures of cash flow information:    
Interest paid, net of amounts capitalized 669 877
Income taxes paid 61,804 30,323
Capital expenditures included in current liabilities $ 42,641 $ 51,556