CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 276,639	$ 224,874
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	20,436	18,477
Depreciation and amortization – marketing, reservation, and system	23,237	18,364
Gain on sale and disposal of business and assets, net	(16,688)	0
Amortization - franchise agreement acquisition cost	11,558	9,734
Stock compensation and other charges	28,621	24,277
Interest and investment loss (income)	9,135	(11,039)
Deferred income taxes	(22,402)	(34,285)
Equity in net loss of affiliates, less distributions received	2,451	8,421
Franchise agreement acquisition costs, net of reimbursements	(32,947)	(28,466)
Change in working capital and other	(34,838)	14,887
Net cash provided by operating activities	265,202	245,244
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in property and equipment	(66,084)	(46,098)
Investment in intangible assets	(3,247)	(3,113)
Asset acquisitions, net of cash paid	(856)	0
Proceeds from sale of business and assets	140,554	0
Proceeds from termination of intangibles	5,698	0
Business acquisition, net of cash acquired	(550,431)	0
Contributions to investments in affiliates	(4,264)	(2,150)
Proceeds from sale of equity method investments	0	15,554
Purchases of investments, employee benefit plans	(3,719)	(1,279)
Proceeds from sales of investments, employee benefit plans	1,896	2,487
Issuance of notes receivable	(5,617)	(17,918)
Collections of notes receivable	701	63
Other items, net	1,708	(115)
Net cash used in investing activities	(483,661)	(52,569)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments to extinguish acquired debt	(55,975)	0
Proceeds from acquired derivative	1,943	0
Net borrowings pursuant to revolving credit facilities	315,000	0
Principal payments on 2012 senior notes	(216,571)	0
Debt issuance costs	(24)	(365)
Purchases of treasury stock	(246,530)	(10,039)
Dividends paid	(39,697)	(12,528)
Proceeds from exercise of stock options	2,361	10,817
Net cash used in financing activities	(239,493)	(12,115)
Net change in cash and cash equivalents	(457,952)	180,560
Effect of foreign exchange rate changes on cash and cash equivalents	(1,112)	(223)
Cash and cash equivalents at beginning of period	511,605	234,779
Cash and cash equivalents at end of period	52,541	415,116
Cash payments during the period for
Income taxes, net of refunds	81,479	58,229
Interest, net of capitalized interest	36,691	36,519
Non-cash investing and financing activities
Dividends declared but not paid	12,776	12,517
Investment in property, equipment and intangibles acquired in accounts payable and accrued liabilities	5,352	6,920
Asset acquisition from extinguishment of note receivable	$ 20,446	$ 0