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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2023
Apr. 03, 2022
Cash flows from operating activities:    
Net income $ 39,821 $ 37,402
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 33,472 33,231
Amortization of cloud computing arrangements 1,582 0
Share-based compensation 4,609 6,348
Impairment of long-lived assets 376 616
Deferred income tax 2,302 4,527
Non-cash rental expense, net 9,012 6,874
Change in operating lease liabilities (11,718) (11,615)
Net (recognition) receipt of deferred vendor incentives (1,197) 7,711
System optimization gains, net (5) (3,534)
Distributions received from joint ventures, net of equity in earnings 394 898
Long-term debt-related activities, net 3,419 1,717
Cloud computing arrangements expenditures (6,643) (4,656)
Changes in operating assets and liabilities and other, net (22,449) (58,537)
Net cash provided by operating activities 52,975 20,982
Cash flows from investing activities:    
Capital expenditures (12,240) (12,496)
Franchise development fund (218) (955)
Dispositions 287 263
Notes receivable, net 110 141
Net cash used in investing activities (12,061) (13,047)
Cash flows from financing activities:    
Proceeds from long-term debt 0 500,000
Repayments of long-term debt (39,122) (6,063)
Repayments of finance lease liabilities (4,398) (4,076)
Deferred financing costs 0 (10,209)
Repurchases of common stock (36,727) 0
Dividends (53,103) (26,911)
Proceeds from stock option exercises 2,881 1,591
Payments related to tax withholding for share-based compensation (1,809) (1,530)
Net cash (used in) provided by financing activities (132,278) 452,802
Net cash (used in) provided by operations before effect of exchange rate changes on cash (91,364) 460,737
Effect of exchange rate changes on cash 129 305
Net (decrease) increase in cash, cash equivalents and restricted cash (91,235) 461,042
Cash, cash equivalents and restricted cash at beginning of period 831,801 366,966
Cash, cash equivalents and restricted cash at end of period $ 740,566 $ 828,008