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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2016
Dec. 28, 2014
Dec. 29, 2013
Cash flows from operating activities:      
Net income $ 161,142 $ 121,434 $ 44,632
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 153,732 159,860 200,219
Share-based compensation 23,231 28,243 19,613
Impairment 25,001 19,613 45,782
Deferred income tax 89,026 69,540 12,853
Excess tax benefits from share-based compensation (49,613) (9,363) 0
Non-cash rent expense, net 3,364 1,951 8,152
Net (recognition) receipt of deferred vendor incentives (2,559) 4,063 6,318
Gain on dispositions, net (99,570) (91,579) (49,714)
(Gain) loss on sale of investments, net (335) (975) 799
Distributions received from TimWen joint venture 12,451 13,896 14,116
Equity in earnings in joint ventures, net (9,205) (10,176) (9,722)
Long-term debt-related activities, net (see below) 8,075 3,625 36,992
Other, net (4,318) (11,686) (8,908)
Changes in operating assets and liabilities:      
Restricted cash (23,640) 0 0
Accounts and notes receivable (52,620) (2,763) 174
Inventories (62) 706 1,477
Prepaid expenses and other current assets (5,409) (2,976) (4,626)
Accounts payable (7,787) (3,105) (380)
Accrued expenses and other current liabilities (8,424) (35,532) 12,070
Net cash provided by operating activities 212,480 254,776 329,847
Cash flows from investing activities:      
Capital expenditures (251,622) (298,471) (224,245)
Acquisitions (1,232) (53,954) (4,612)
Dispositions 204,388 161,386 149,112
Proceeds from sale of the Bakery 78,408 0 0
Changes in restricted cash 3,634 1,750 (18,593)
Notes receivable, net 3,289 434 (43)
Investment activities, net (1,485) 1,043 21,691
Net cash provided by (used in) investing activities 35,380 (187,812) (76,690)
Cash flows from financing activities:      
Proceeds from long-term debt 2,294,000 0 575,000
Repayments of long-term debt (1,327,223) (38,380) (590,293)
Change in restricted cash (5,687) 0 0
Deferred financing costs (43,817) 0 (7,684)
Premium payment on redemption of notes 0 0 (8,439)
Proceeds from termination of interest rate swaps 0 0 5,708
Repurchases of common stock (1,098,717) (301,216) (69,320)
Dividends (71,845) (75,117) (70,681)
Proceeds from stock option exercises 27,952 30,788 42,370
Excess tax benefits from share-based compensation 49,613 9,363 0
Other, net 0 0 438
Net cash used in financing activities (175,724) (374,562) (122,901)
Net cash provided by (used in) operations before effect of exchange rate changes on cash 72,136 (307,598) 130,256
Effect of exchange rate changes on cash (12,196) (5,278) (3,465)
Net increase (decrease) in cash and cash equivalents 59,940 (312,876) 126,791
Cash and cash equivalents at beginning of period 267,276 580,152 453,361
Cash and cash equivalents at end of period 327,216 267,276 580,152
Impairment:      
Impairment of long-lived assets 25,001 19,613 36,385
Impairment of goodwill 0 0 9,397
Impairment 25,001 19,613 45,782
Gain on dispositions, net:      
Gain on sales of restaurants, net (74,041) (91,579) (51,372)
Gain on disposal of the Bakery (25,529) 0 0
Loss on disposal of the Japan JV 0 0 1,658
Gain on dispositions, net (99,570) (91,579) (49,714)
Long-term debt-related activities, net      
Accretion of long-term debt 1,204 1,187 5,942
Amortization of deferred financing costs 5,426 2,438 2,487
Loss on early extinguishment of debt 7,295 0 28,563
Payments for termination of cash flow hedges (7,337) 0 0
Reclassification of unrealized losses on cash flow hedges 1,487 0 0
Long-term debt-related activities, net 8,075 3,625 36,992
Detail of cash flows from investing activities:      
Proceeds from sales of investments 621 2,193 2,691
Payments for investments (2,106) (1,150) 0
Dividend from Arby’s 0 0 19,000
Investment activities, net (1,485) 1,043 21,691
Cash paid for:      
Interest 84,326 52,357 64,749
Income taxes, net of refunds 41,275 15,826 6,948
Supplemental non-cash investing and financing activities:      
Capital expenditures included in accounts payable 31,468 45,409 41,713
Capitalized lease obligations 57,226 22,255 10,767
Notes receivable $ 0 $ 3,934 $ 0