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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2021
Mar. 29, 2020
Cash flows from operating activities:    
Net income $ 41,366 $ 14,441
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 31,542 31,046
Share-based compensation 5,151 4,539
Impairment of long-lived assets 635 4,587
Deferred income tax (1,116) 748
Non-cash rental expense, net 10,152 6,218
Change in operating lease liabilities (11,607) (10,611)
Net receipt (recognition) of deferred vendor incentives 6,522 (2,305)
System optimization gains, net (516) (323)
Distributions received from joint ventures, net of equity in earnings 1,409 180
Long-term debt-related activities, net 1,677 1,556
Changes in operating assets and liabilities and other, net 615 (69,445)
Net cash provided by (used in) operating activities 85,830 (19,369)
Cash flows from investing activities:    
Capital expenditures (10,364) (12,629)
Acquisitions 4,879 0
Dispositions 3 195
Notes receivable, net 397 313
Net cash used in investing activities (5,085) (12,121)
Cash flows from financing activities:    
Proceeds from long-term debt 0 153,315
Repayments of long-term debt (11,900) (14,334)
Repayments of finance lease liabilities (2,659) (1,967)
Repurchases of common stock (55,611) (45,137)
Dividends (20,156) (26,793)
Proceeds from stock option exercises 972 1,722
Payments related to tax withholding for share-based compensation (2,308) (3,402)
Net cash (used in) provided by financing activities (91,662) 63,404
Net cash (used in) provided by operations before effect of exchange rate changes on cash (10,917) 31,914
Effect of exchange rate changes on cash 823 (5,086)
Net (decrease) increase in cash, cash equivalents and restricted cash (10,094) 26,828
Cash, cash equivalents and restricted cash at beginning of period 418,241 358,707
Cash, cash equivalents and restricted cash at end of period 408,147 385,535
Supplemental non-cash investing and financing activities:    
Capital expenditures included in accounts payable 5,461 9,579
Finance leases 5,539 9,274
Reconciliation of cash, cash equivalents and restricted cash at end of period:    
Total cash, cash equivalents and restricted cash $ 408,147 $ 385,535