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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Jan. 01, 2023
Cash flows from operating activities:      
Net income $ 194,357 $ 204,440 $ 177,370
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) 143,234 135,789 133,414
Amortization of cloud computing arrangements 14,701 12,778 2,394
Share-based compensation 23,019 23,747 24,538
Impairment of long-lived assets 9,713 1,401 6,420
Deferred income tax (5,529) (807) 4,305
Non-cash rental expense, net 41,904 40,655 33,915
Change in operating lease liabilities (48,911) (47,212) (45,682)
Net (recognition) receipt of deferred vendor incentives (586) 1,034 (1,060)
System optimization gains, net (1,219) (880) (6,779)
Gain on sale of investments, net 0 (31) 0
Distributions received from TimWen joint venture 14,408 12,901 12,612
Equity in earnings in joint ventures, net (11,607) (10,819) (9,422)
Long-term debt related activities, net (see Note 20) 7,479 5,320 7,762
Cloud computing arrangements expenditures (18,815) (32,902) (30,220)
Other, net 14,542 22,883 (4,554)
Changes in operating assets and liabilities:      
Accounts and notes receivable (5,158) 430 (5,857)
Inventories 138 439 (1,203)
Prepaid expenses and other current assets (1,795) (672) 6,769
Advertising funds restricted assets and liabilities (20,733) (18,210) (30,503)
Accounts payable 1,026 (8,826) (1,533)
Accrued expenses and other current liabilities 5,139 3,958 (12,782)
Net cash provided by operating activities 355,307 345,416 259,904
Cash flows from investing activities:      
Capital expenditures (94,388) (85,021) (85,544)
Franchise development fund 41,246 7,951 3,605
Dispositions 4,946 2,115 8,237
Proceeds from sale of investments 0 31 0
Notes receivable, net 1,383 4,280 3,136
Net cash used in investing activities (129,305) (86,546) (77,776)
Cash flows from financing activities:      
Proceeds from long-term debt 0 0 500,000
Repayments of long-term debt (29,250) (94,702) (26,750)
Repayments of finance lease liabilities (20,404) (21,588) (17,312)
Deferred financing costs 0 0 (10,232)
Repurchases of common stock (77,375) (189,554) (51,950)
Dividends (204,443) (209,253) (106,779)
Proceeds from stock option exercises 32,859 14,667 4,865
Payments related to tax withholding for share-based compensation (4,485) (3,873) (3,168)
Net cash (used in) provided by financing activities (303,098) (504,303) 288,674
Net cash (used in) provided by operations before effect of exchange rate changes on cash (77,096) (245,433) 470,802
Effect of exchange rate changes on cash (8,112) 2,448 (5,967)
Net (decrease) increase in cash, cash equivalents and restricted cash (85,208) (242,985) 464,835
Cash, cash equivalents and restricted cash at beginning of period 588,816 831,801 366,966
Cash, cash equivalents and restricted cash at end of period $ 503,608 $ 588,816 $ 831,801