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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 50,815 $ 63,270
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 14,045 14,430
Amortization of debt costs 3,099 463
Stock-based compensation 1,419 1,305
Gains on refranchising (Note 4) (1,015) (338)
Changes in assets and liabilities:    
Decrease in receivables 17,402 1,597
(Increase) decrease in inventory (13,021) 10,942
(Increase) in prepaid and other current assets (9,056) (10,978)
Increase in accounts payable 41,364 22,482
Increase in deferred revenue and accrued liabilities 33,250 12,976
Other operating activities 4,023 788
Net cash provided by operating activities 142,325 116,937
Cash flows from investing activities:    
Capital expenditures (10,542) (7,519)
Refranchising proceeds 830 551
Store acquisition costs (519) (278)
Net cash used in investing activities (10,231) (7,246)
Cash flows from financing activities:    
Borrowings under revolving credit facility 90,000 0
Payments on long-term debt (1,138) (1,199)
Debt issuance costs (1,712) 0
Proceeds from exercise of stock options 292 896
Excess tax benefits from stock-based compensation 0 320
Minimum tax withholding requirements (519) (216)
Cash paid for treasury stock (201,002) (60,557)
Dividends paid to shareholders (14,274) (15,756)
Net cash used in financing activities (128,353) (76,512)
Effect of exchange rate changes on cash and cash equivalents 796 (87)
Net increase in cash and cash equivalents 4,537 33,092
Beginning balance, cash and cash equivalents 56,462 133,834
Ending balance, cash and cash equivalents 60,999 166,926
Non-cash investing and financing activities:    
Accrued capital expenditures 2,871 2,130
Accrued treasury stock $ 17,939 $ 1,783