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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Operating activities    
Net income before attribution to noncontrolling interests $ 40,405 $ 37,157
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for allowance for credit losses on accounts and notes receivable 595 15,558
Depreciation and amortization 30,411 24,674
Refranchising and impairment loss 0 11,160
Deferred income taxes 3,664 (2,993)
Stock-based compensation expense 8,498 9,100
Other (452) (2,071)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 4,299 (9,177)
Income tax receivable 6,683 5,369
Inventories 4,109 (3,815)
Prepaid expenses and other current assets 46 (3,901)
Other assets and liabilities 140 (5,379)
Accounts payable (8,174) 12,742
Income and other taxes payable (514) (3,175)
Accrued expenses and other current liabilities 7,203 (37,456)
Deferred revenue (3,178) (2,208)
Net cash provided by operating activities 93,735 45,585
Investing activities    
Purchases of property and equipment (34,759) (30,744)
Notes issued (4,374) (1,098)
Repayments of notes issued 3,224 6,743
Acquisitions, net of cash acquired 0 (1,250)
Proceeds from refranchising, net of cash transferred 0 13,588
Other 182 238
Net cash used in investing activities (35,727) (12,523)
Financing activities    
Net proceeds of revolving credit facilities 186,529 55,000
Proceeds from exercise of stock options 682 1,908
Acquisition of Company common stock (210,348) (75,471)
Dividends paid to common stockholders (28,485) (25,101)
Tax payments for equity award issuances (6,108) (7,526)
Distributions to noncontrolling interests (323) (835)
Other (3,567) 1,348
Net cash used in financing activities (61,620) (50,677)
Effect of exchange rate changes on cash and cash equivalents 11 (871)
Change in cash and cash equivalents (3,601) (18,486)
Cash and cash equivalents at beginning of period 47,373 70,610
Cash and cash equivalents at end of period $ 43,772 $ 52,124