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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2023
Sep. 25, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 134,512 $ 295,313
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 127,711 126,441
Loss on early debt extinguishment 0 1,810
Non-cash foreign currency (gain) loss on USD notes (1,950) 23,870
Non-cash equity based compensation expense 15,841 15,087
Non-cash deferred income tax benefit (3,245) (7,984)
Net effect of swaps 0 (25,641)
Gain on sale of land before cash closing costs 0 (159,405)
Other non-cash expenses 16,442 13,658
Changes in assets and liabilities:    
(Increase) decrease in receivables (17,287) (16,137)
(Increase) decrease in inventories (9,615) (17,766)
(Increase) decrease in tax receivable/payable 8,682 133,503
(Increase) decrease in other assets 4,049 7,684
Increase (decrease) in accounts payable 4,559 2,616
Increase (decrease) in deferred revenue 35,359 (8,442)
Increase (decrease) in accrued interest 17,095 17,305
Increase (decrease) in accrued salaries, wages and benefits (15,184) 3,084
Increase (decrease) in other liabilities 13,049 7,437
Net cash from operating activities 330,018 412,433
CASH FLOWS (FOR) FROM INVESTING ACTIVITIES    
Capital expenditures (169,579) (138,046)
Proceeds from sale of land 0 310,000
Net cash (for) from investing activities (169,579) 171,954
CASH FLOWS FOR FINANCING ACTIVITIES    
Term debt payments 0 (264,250)
Repurchase of limited partnership units (74,537) (63,933)
Distributions paid to partners (46,275) (17,130)
Payment of debt issuance costs (2,643) 0
Payments related to tax withholding for equity compensation (2,865) (5,131)
Other (255) (1,990)
Net cash for financing activities (126,575) (352,434)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (659) (4,692)
CASH AND CASH EQUIVALENTS    
Net increase for the period 33,205 227,261
Balance, beginning of period 101,189 61,119
Balance, end of period 134,394 288,380
SUPPLEMENTAL INFORMATION    
Net cash payments for interest 84,094 85,967
Interest capitalized 3,017 2,132
Net cash payments (refunds) for income taxes 39,308 (55,117)
Capital expenditures in accounts payable $ 11,545 $ 12,016