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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
Cash flows from operating activities:      
Net income $ 200,392 $ 117,832 $ 136,940
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 125,540 132,775 131,693
Share-based compensation 22,019 18,930 18,676
Impairment of long-lived assets 2,251 8,037 6,999
Deferred income tax (13,781) 10,266 837
Non-cash rental expense, net 40,596 28,937 28,202
Change in operating lease liabilities (45,606) (40,905) (41,911)
Net receipt (recognition) of deferred vendor incentives 715 2,495 (501)
System optimization gains, net (33,545) (3,148) (1,283)
Gain on sale of investments, net (63) 0 (24,496)
Distributions received from TimWen joint venture 16,337 8,376 13,400
Equity in earnings in joint ventures, net (11,203) (6,096) (8,673)
Long-term debt-related activities, net (see below) 24,758 6,723 15,317
Other, net (13,242) (6,438) (4,838)
Changes in operating assets and liabilities:      
Accounts and notes receivable, net (5,613) (16,243) 16,935
Inventories (872) (841) (163)
Prepaid expenses and other current assets (3,396) (8,780) (1,569)
Advertising funds restricted assets and liabilities 11,519 49,052 (2,720)
Accounts payable 7,586 1,620 1,054
Accrued expenses and other current liabilities 21,380 (18,231) 5,034
Net cash provided by operating activities 345,772 284,361 288,933
Cash flows from investing activities:      
Capital expenditures (77,984) (68,969) (74,453)
Acquisitions (123,069) (4,879) (5,052)
Dispositions 55,118 6,091 3,448
Proceeds from sale of investments 63 169 24,496
Notes receivable, net 1,203 (662) (3,370)
Payments for investments (10,000) 0 0
Net cash used in investing activities (154,669) (68,250) (54,931)
Cash flows from financing activities:      
Proceeds from long-term debt 1,100,000 153,315 850,000
Repayments of long-term debt (970,344) (191,462) (899,800)
Repayments of finance lease liabilities (13,640) (8,383) (6,835)
Deferred financing costs (20,873) (2,122) (14,008)
Repurchases of common stock, including accelerated share repurchase (268,531) (62,173) (217,797)
Dividends (94,846) (64,866) (96,364)
Proceeds from stock option exercises 30,003 23,361 28,328
Payments related to tax withholding for share-based compensation (4,511) (5,577) (8,820)
Net cash used in financing activities (242,742) (157,907) (365,296)
Net cash (used in) provided by operations before effect of exchange rate changes on cash (51,639) 58,204 (131,294)
Effect of exchange rate changes on cash 364 1,330 3,489
Net (decrease) increase in cash, cash equivalents and restricted cash (51,275) 59,534 (127,805)
Cash, cash equivalents and restricted cash at beginning of period 418,241 358,707 486,512
Cash, cash equivalents and restricted cash at end of period 366,966 418,241 358,707
Long-term debt-related activities, net:      
Loss on early extinguishment of debt 17,917 0 8,496
Accretion of long-term debt 1,177 1,161 1,272
Amortization of deferred financing costs 5,664 5,562 5,549
Long-term debt-related activities, net: 24,758 6,723 15,317
Cash paid for:      
Interest 133,284 136,228 138,270
Income taxes, net of refunds 54,779 16,202 34,798
Supplemental non-cash investing and financing activities:      
Capital expenditures included in accounts payable 6,158 3,673 6,026
Finance leases 82,032 34,918 50,061
Reconciliation of cash, cash equivalents and restricted cash at end of period:      
Cash and cash equivalents 249,438 306,989 300,195
Restricted cash 27,535 33,973 34,539
Restricted cash, included in Advertising funds restricted assets 89,993 77,279 23,973
Total cash, cash equivalents and restricted cash $ 366,966 $ 418,241 $ 358,707