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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Cash flows from operating activities:    
Net income $ 96,636 $ 99,453
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) 73,010 66,970
Amortization of cloud computing arrangements 7,061 3,848
Share-based compensation 11,677 10,218
Impairment of long-lived assets 2,695 454
Deferred income tax (104) 4,254
Non-cash rental expense, net 21,120 19,552
Change in operating lease liabilities (24,273) (23,528)
Net receipt of deferred vendor incentives 5,533 6,881
System optimization (gains) losses, net (153) 1
Distributions received from joint ventures, net of equity in earnings 1,146 542
Long-term debt-related activities, net 3,738 5,334
Cloud computing arrangements expenditures (6,878) (16,817)
Changes in operating assets and liabilities and other, net (45,745) (35,658)
Net cash provided by operating activities 145,463 141,504
Cash flows from investing activities:    
Capital expenditures (34,465) (30,164)
Franchise development fund (11,477) (395)
Dispositions 601 280
Notes receivable, net 1,383 1,335
Net cash used in investing activities (43,958) (28,944)
Cash flows from financing activities:    
Repayments of long-term debt (14,625) (46,434)
Repayments of finance lease liabilities (10,336) (12,336)
Repurchases of common stock (34,248) (86,930)
Dividends (102,626) (105,715)
Proceeds from stock option exercises 2,098 7,847
Payments related to tax withholding for share-based compensation (2,645) (2,708)
Net cash used in financing activities (162,382) (246,276)
Net cash used in operations before effect of exchange rate changes on cash (60,877) (133,716)
Effect of exchange rate changes on cash (3,298) 2,161
Net decrease in cash, cash equivalents and restricted cash (64,175) (131,555)
Cash, cash equivalents and restricted cash at beginning of period 588,816 831,801
Cash, cash equivalents and restricted cash at end of period $ 524,641 $ 700,246