XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Sep. 23, 2020
Sep. 25, 2019
Cash flows from operating activities    
Net income $ 10.7 $ 14.9
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 37.4 38.1
Stock-based compensation 3.9 7.1
Restructure charges and other impairments 0.5 (3.2)
Net loss on disposal of assets 0.4 0.3
Other 0.8 0.6
Changes in assets and liabilities:    
Accounts receivable, net 0.6 7.0
Inventories 1.4 0.1
Prepaid expenses 0.4 5.9
Operating lease assets, net of liabilities (2.2) (1.7)
Deferred income taxes, net (0.9) 1.3
Other assets 0.0 (0.5)
Accounts payable (4.9) 2.8
Gift card liability (2.7) (6.1)
Accrued payroll (1.9) (12.1)
Other accrued liabilities 16.2 19.7
Current income taxes 2.4 12.3
Other liabilities 20.7 0.1
Net cash provided by operating activities 82.8 86.6
Cash flows from investing activities    
Payments for property and equipment (13.6) (20.5)
Proceeds from note receivable 0.6 0.7
Payments for franchise restaurant acquisitions 0.0 (96.2)
Proceeds from sale of assets 0.0 0.2
Net cash used in investing activities (13.0) (115.8)
Cash flows from financing activities    
Payments on revolving credit facility (75.0) (227.0)
Borrowings on revolving credit facility 28.4 299.0
Payments on long-term debt (4.6) (2.4)
Purchases of treasury stock (3.9) (11.3)
Payments for debt issuance costs (1.5) 0.0
Payments of dividends (1.3) (14.8)
Proceeds from issuance of treasury stock 3.0 1.3
Net cash (used in) provided by financing activities (54.9) 44.8
Net change in cash and cash equivalents 14.9 15.6
Cash and cash equivalents at beginning of period 43.9 13.4
Cash and cash equivalents at end of period $ 58.8 $ 29.0