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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Cash flows provided by operating activities:    
Net income $ 77,694 $ 69,798
Adjustments to reconcile Net income to cash provided by operating activities:    
Depreciation and amortization 41,775 41,226
Amortization of debt discounts and issuance costs 1,065 1,308
Amortization of deferred gift card sales commissions 8,017 8,725
Provision for impaired assets and restaurant closings 1,839 2,200
Non-cash interest expense from terminated interest rate swaps 4,067 0
Non-cash operating lease costs 20,477 19,502
Stock-based and other non-cash compensation expense 4,843 4,726
Deferred income tax expense 3,209 1,571
Other, net 2,229 (829)
Change in assets and liabilities (18,080) (7,201)
Net cash provided by operating activities 147,135 141,026
Cash flows used in investing activities:    
Capital expenditures (40,180) (17,411)
Other investments, net 1,030 793
Net cash used in investing activities (39,150) (16,618)
Cash flows used in financing activities:    
Repayments of long-term debt and finance lease obligations (2,863) (9,656)
Proceeds from borrowings on revolving credit facilities 90,000 15,000
Repayments of borrowings on revolving credit facilities (160,000) (107,000)
Proceeds from share-based compensation, net 885 7,438
Distributions to noncontrolling interests (2,641) (1,458)
Contributions from noncontrolling interests 217 511
Purchase of noncontrolling interests (1,000) 0
Payments for partner equity plan (2,748) (1,747)
Repurchase of common stock (10,402) 0
Cash dividends paid on common stock (12,559) 0
Net cash used in financing activities (101,111) (96,912)
Effect of exchange rate changes on cash and cash equivalents 1,965 (1,246)
Net increase in cash, cash equivalents and restricted cash 8,839 26,250
Cash, cash equivalents and restricted cash as of the beginning of the period 89,057 110,408
Cash, cash equivalents and restricted cash as of the end of the period 97,896 136,658
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,444 10,230
Cash paid for income taxes, net of refunds 2,257 2,150
Supplemental disclosures of non-cash investing and financing activities:    
Leased assets obtained in exchange for new operating lease liabilities 11,515 14,819
Leased assets obtained in exchange for new finance lease liabilities 1,313 15
(Decrease) increase in liabilities from the acquisition of property, fixtures and equipment $ (6,178) $ 2,005