XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Cash flows from operating activities    
Net income (loss) $ 49.3 $ (2.3)
Adjustments to reconcile Net income (loss) to Net cash provided by operating activities:    
Depreciation and amortization 83.2 83.7
Stock-based compensation 10.1 5.9
Deferred income taxes, net (8.4) (10.3)
Non-cash other (gains) and charges 4.3 7.2
Net loss on disposal of assets 1.5 2.1
Other 1.3 0.9
Changes in assets and liabilities:    
Accounts receivable, net (20.2) (28.4)
Inventories 0.0 (2.0)
Restaurant supplies (0.2) (0.4)
Prepaid expenses (10.9) (9.2)
Income taxes 1.4 4.0
Operating lease assets, net of liabilities (3.9) (1.5)
Other assets (6.5) (0.1)
Accounts payable 19.4 5.0
Gift card liability 17.3 22.0
Accrued payroll (6.1) (20.2)
Other accrued liabilities 16.5 9.3
Other liabilities 2.2 2.3
Net cash provided by operating activities 150.3 68.0
Cash flows from investing activities    
Payments for property and equipment (89.5) (95.3)
Proceeds from note receivable 1.3 2.1
Proceeds from sale of assets 0.7 0.0
Insurance recoveries 0.7 0.0
Net cash used in investing activities (86.8) (93.2)
Cash flows from financing activities    
Borrowings on revolving credit facility 199.0 280.0
Payments on revolving credit facility (224.0) (240.0)
Purchases of treasury stock (25.1) (2.1)
Payments on long-term debt (5.6) (11.3)
Payments for debt issuance costs (0.7) 0.0
Proceeds from issuance of treasury stock 0.5 0.0
Payments of dividends 0.0 (0.2)
Net cash (used in) provided by financing activities (55.9) 26.4
Net change in cash and cash equivalents 7.6 1.2
Cash and cash equivalents at beginning of period 15.1 13.5
Cash and cash equivalents at end of period 22.7 14.7
Supplemental disclosure of cash flow information:    
Income taxes paid, net 10.7 4.4
Interest paid, net of amounts capitalized 18.8 23.6
Accrued capital expenditures $ 16.0 $ 17.9