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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Operating activities    
Net income before attribution to noncontrolling interests $ 30,944 $ 7,078
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for uncollectible accounts and notes receivable 1,051 676
Depreciation and amortization 24,672 23,270
Deferred income taxes (1,502) (3,096)
Preferred stock option mark-to-market adjustment   5,914
Stock-based compensation expense 8,742 7,531
Gain on refranchising   (163)
Other 1,090 1,999
Changes in operating assets and liabilities:    
Accounts receivable (8,571) (1,092)
Income tax receivable 4,278 11,699
Inventories (5,017) 326
Prepaid expenses and other current assets 9,657 (5,383)
Other assets and liabilities 8,065 (2,094)
Accounts payable 1,558 5,410
Income and other taxes payable 3,601 565
Accrued expenses and other current liabilities 10,269 (17,297)
Deferred revenue (1,179) (3,168)
Net cash provided by operating activities 87,658 32,175
Investing activities    
Purchases of property and equipment (13,795) (17,836)
Notes issued (9,596) (4,757)
Repayments of notes issued 6,462 2,234
Proceeds from divestitures of restaurants   225
Other 14 568
Net cash used in investing activities (16,915) (19,566)
Financing activities    
Proceeds from issuance of preferred stock   252,530
Repayments of term loan (10,000) (10,000)
Net (repayments) proceeds of revolving credit facilities (9,884) (230,776)
Dividends paid to common stockholders (14,520) (14,269)
Dividends paid to preferred stockholders (6,825) (5,470)
Issuance costs associated with preferred stock   (7,250)
Tax payments for equity award issuances (1,579) (895)
Proceeds from exercise of stock options 21,704 93
Contributions from noncontrolling interest holders   840
Distributions to noncontrolling interest holders (945) (183)
Other (704) 168
Net cash used in financing activities (22,753) (15,212)
Effect of exchange rate changes on cash and cash equivalents (202) 1
Change in cash and cash equivalents 47,788 (2,602)
Cash and cash equivalents at beginning of period 27,911 33,258
Cash and cash equivalents at end of period $ 75,699 $ 30,656