XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 39,345 $ 64,280
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 65,760 64,669
Share-based compensation 9,326 10,008
Impairment of long-lived assets 4,704 1,684
Deferred income tax 1,920 3,422
Non-cash rental expense, net 12,251 11,519
Change in operating lease liabilities (19,233) (20,983)
Net receipt of deferred vendor incentives 7,728 5,312
System optimization gains, net (2,310) (122)
Distributions received from joint ventures, net of equity in earnings 1,262 2,099
Long-term debt-related activities, net 3,141 10,799
Changes in operating assets and liabilities and other, net (93,332) 1,373
Net cash provided by operating activities 30,562 154,060
Cash flows from investing activities:    
Capital expenditures (29,402) (25,484)
Acquisitions 0 (5,052)
Dispositions 4,320 1,240
Proceeds from sale of investments 0 130
Notes receivable, net 138 (750)
Net cash used in investing activities (24,944) (29,916)
Cash flows from financing activities:    
Proceeds from long-term debt 153,315 850,000
Repayments of long-term debt (24,271) (877,876)
Repayments of finance lease liabilities (3,707) (3,521)
Deferred financing costs (2,122) (14,008)
Repurchases of common stock (45,137) (50,781)
Dividends (37,974) (46,193)
Proceeds from stock option exercises 11,865 19,160
Payments related to tax withholding for share-based compensation (3,704) (6,957)
Net cash provided by (used in) financing activities 48,265 (130,176)
Net cash provided by (used in) operations before effect of exchange rate changes on cash 53,883 (6,032)
Effect of exchange rate changes on cash (3,132) 3,866
Net increase (decrease) in cash, cash equivalents and restricted cash 50,751 (2,166)
Cash, cash equivalents and restricted cash at beginning of period 358,707 486,512
Cash, cash equivalents and restricted cash at end of period 409,458 484,346
Supplemental non-cash investing and financing activities:    
Capital expenditures included in accounts payable 6,082 5,398
Finance leases 12,962 23,534
Reconciliation of cash, cash equivalents and restricted cash at end of period:    
Total cash, cash equivalents and restricted cash $ 409,458 $ 484,346