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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
4 Months Ended
Jan. 22, 2023
Jan. 23, 2022
Cash flows from operating activities:    
Net earnings $ 53,254 $ 39,270
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 19,402 12,496
Amortization of franchise tenant improvement allowances and incentives 1,215 1,234
Deferred finance cost amortization 1,616 1,722
Tax deficiency from share-based compensation arrangements 143 38
Deferred income taxes 3,385 2,317
Share-based compensation expense 3,534 1,018
Pension and post-retirement expense 2,144 93
(Gains) losses on cash surrender value of company-owned life insurance (6,631) 579
Gains on the sale of company-operated restaurants (3,825) (48)
Gains on the disposition of property and equipment, net (10,009) (617)
Impairment charges and other 483 919
Changes in assets and liabilities, excluding acquisitions:    
Accounts and other receivables 37,813 19,910
Inventories 194 (351)
Prepaid expenses and other current assets 6,953 2,720
Operating lease right-of-use assets and lease liabilities 11,281 10,218
Accounts payable (31,285) (5,218)
Accrued liabilities (24,677) (47,849)
Pension and post-retirement contributions (1,688) (2,075)
Franchise tenant improvement allowance and incentive disbursements (527) (1,166)
Other (303) (1,159)
Cash flows provided by operating activities 62,472 34,051
Cash flows from investing activities:    
Purchases of property and equipment (24,028) (9,401)
Proceeds from the sale of property and equipment 22,103 2,245
Proceeds from the sale and leaseback of assets 0 1,576
Proceeds from the sale of company-operated restaurants 17,609 48
Other 0 (1,305)
Cash flows provided by (used in) investing activities 15,684 (6,837)
Cash flows from financing activities:    
Principal repayments on debt (7,557) (223)
Payment of debt issuance costs 0 (2,090)
Dividends paid on common stock (9,154) (9,257)
Proceeds from issuance of common stock 0 49
Repurchases of common stock (14,999) 0
Payroll tax payments for equity award issuances (868) (795)
Cash flows used in financing activities (32,578) (12,316)
Net increase in cash and restricted cash 45,578 14,898
Cash and restricted cash at beginning of period 136,040 73,568
Cash and restricted cash at end of period $ 181,618 $ 88,466