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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Cash flows from operating activities:    
Net income $ 136,095 $ 148,261
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 100,911 93,243
Amortization of cloud computing arrangements 888 0
Share-based compensation 17,497 16,735
Impairment of long-lived assets 2,682 1,831
Deferred income tax 10,214 (25)
Non-cash rental expense, net 26,164 28,421
Change in operating lease liabilities (34,241) (34,220)
Net receipt of deferred vendor incentives 1,884 1,906
System optimization gains, net (4,138) (32,719)
Distributions received from joint ventures, net of equity in earnings 3,468 3,561
Long-term debt-related activities, net 5,746 23,043
Cloud computing arrangements expenditures (22,685) (5,619)
Changes in operating assets and liabilities and other, net (61,846) 32,255
Net cash provided by operating activities 182,639 276,673
Cash flows from investing activities:    
Capital expenditures (50,036) (43,401)
Franchise development fund (2,484) 0
Acquisitions 0 4,879
Dispositions 3,731 52,657
Notes receivable, net 2,713 907
Net cash (used in) provided by investing activities (46,076) 15,042
Cash flows from financing activities:    
Proceeds from long-term debt 500,000 1,100,000
Repayments of long-term debt (19,437) (955,782)
Repayments of finance lease liabilities (13,411) (9,021)
Deferred financing costs (10,232) (20,873)
Repurchases of common stock (51,950) (125,656)
Dividends (80,153) (68,963)
Proceeds from stock option exercises 2,668 27,204
Payments related to tax withholding for share-based compensation (2,980) (4,390)
Net cash provided by (used in) financing activities 324,505 (57,481)
Net cash provided by operations before effect of exchange rate changes on cash 461,068 234,234
Effect of exchange rate changes on cash (7,176) 177
Net increase in cash, cash equivalents and restricted cash 453,892 234,411
Cash, cash equivalents and restricted cash at beginning of period 366,966 418,241
Cash, cash equivalents and restricted cash at end of period $ 820,858 $ 652,652