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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 23,850 $ 50,815
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 16,739 14,045
Amortization of debt costs 3,288 3,099
Stock-based compensation 1,410 1,419
Gains on refranchising (154) (1,015)
Changes in assets and liabilities:    
Decrease in receivables 5,890 17,402
(Increase) in inventory (18,545) (13,021)
(Increase) in prepaid and other current assets (8,785) (9,056)
Increase in accounts payable 27,411 41,364
(Decrease) increase in deferred revenue and accrued liabilities (5,198) 33,250
Other operating activities 197 4,023
Net cash provided by operating activities 46,103 142,325
Cash flows from investing activities:    
Capital expenditures (13,906) (10,542)
Refranchising proceeds 1,344 830
Store acquisition costs (98) (519)
Net cash used in investing activities (12,660) (10,231)
Cash flows from financing activities:    
Borrowings under revolving credit facility 64,000 90,000
Payments on revolving credit facility (91,000) 0
Payments on term loan facility (1,138) (1,138)
Debt issuance costs 0 (1,712)
Proceeds from exercise of stock options 0 292
Minimum tax withholding requirements (229) (519)
Cash paid for treasury stock 0 (201,002)
Dividends paid to shareholders 0 (14,274)
Net cash used in financing activities (28,367) (128,353)
Effect of exchange rate changes on cash and cash equivalents 332 796
Net increase in cash and cash equivalents 5,408 4,537
Beginning balance, cash and cash equivalents 34,464 56,462
Ending balance, cash and cash equivalents 39,872 60,999
Non-cash investing activities:    
Accrued capital expenditures 2,259 2,871
Accrued treasury stock $ 0 $ 17,939