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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Operating activities    
Net income before attribution to noncontrolling interests $ 27,450 $ 40,405
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for allowance for credit losses on accounts and notes receivable 2,397 595
Depreciation and amortization 35,268 30,411
Deferred income taxes 2,812 3,664
Stock-based compensation expense 2,545 8,498
Refranchising and impairment losses 14,713 0
Loss on disposal of property and equipment 965 0
Other 800 (452)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 9,974 4,299
Income tax receivable (203) 6,683
Inventories (1,748) 4,109
Prepaid expenses and other current assets (4,358) 46
Other assets and liabilities (5,788) 140
Accounts payable (11,364) (8,174)
Income and other taxes payable (10,957) (514)
Accrued expenses and other current liabilities (18,710) 7,203
Deferred revenue (1,839) (3,178)
Net cash provided by operating activities 41,957 93,735
Investing activities    
Purchases of property and equipment (29,155) (34,759)
Notes issued (153) (4,374)
Repayments of notes issued 1,794 3,224
Proceeds from dispositions, net of cash transferred 1,495 0
Other 2,178 182
Net cash used in investing activities (23,841) (35,727)
Financing activities    
Net proceeds of revolving credit facilities 3,024 186,529
Proceeds from exercise of stock options 933 682
Acquisition of Company common stock 0 (210,348)
Dividends paid to common stockholders (30,212) (28,485)
Tax payments for equity award issuances (3,330) (6,108)
Distributions to noncontrolling interests (405) (323)
Principal payments on finance leases (4,796) (3,669)
Other 358 102
Net cash used in financing activities (34,428) (61,620)
Effect of exchange rate changes on cash and cash equivalents 30 11
Change in cash and cash equivalents (16,282) (3,601)
Cash and cash equivalents at beginning of period 40,587 47,373
Cash and cash equivalents at end of period $ 24,305 $ 43,772