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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Sep. 29, 2021
Sep. 23, 2020
Cash flows from operating activities    
Net income $ 13.2 $ 10.7
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 39.3 37.4
Stock-based compensation 4.3 3.9
Restructure and impairment charges 1.9 0.5
Net loss on disposal of assets 0.7 0.4
Other 1.5 0.8
Changes in assets and liabilities:    
Accounts receivable, net 12.7 0.6
Inventories (0.3) 1.4
Restaurant supplies (0.3) 0.0
Prepaid expenses (4.6) 0.4
Operating lease assets, net of liabilities 8.1 (2.2)
Deferred income taxes, net 8.2 (0.9)
Other assets 0.1 0.0
Accounts payable (12.7) (4.9)
Gift card liability (4.8) (2.7)
Accrued payroll (24.8) (1.9)
Other accrued liabilities 7.7 16.2
Current income taxes (9.1) 2.4
Other liabilities (0.9) 20.7
Net cash provided by operating activities 40.2 82.8
Cash flows from investing activities    
Payments for property and equipment (37.3) (13.6)
Payments for franchise restaurant acquisitions (47.5) 0.0
Proceeds from sale leaseback transactions, net of related expenses 20.5 0.0
Proceeds from note receivable 0.0 0.6
Net cash used in investing activities (64.3) (13.0)
Cash flows from financing activities    
Borrowings on revolving credit facility 285.0 28.4
Payments on revolving credit facility (205.0) (75.0)
Purchases of treasury stock (39.6) (3.9)
Payments on long-term debt (5.5) (4.6)
Payments for debt issuance costs (3.0) (1.5)
Payments of dividends (0.8) (1.3)
Proceeds from issuance of treasury stock 0.3 3.0
Net cash provided by (used in) financing activities 31.4 (54.9)
Net change in cash and cash equivalents 7.3 14.9
Cash and cash equivalents at beginning of period 23.9 43.9
Cash and cash equivalents at end of period $ 31.2 $ 58.8