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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Jan. 01, 2023
Jan. 02, 2022
Cash flows from operating activities:      
Net income $ 204,440 $ 177,370 $ 200,392
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) 135,789 133,414 125,540
Amortization of cloud computing arrangements 12,778 2,394 0
Share-based compensation 23,747 24,538 22,019
Impairment of long-lived assets 1,401 6,420 2,251
Deferred income tax (807) 4,305 (13,781)
Non-cash rental expense, net 40,655 33,915 40,596
Change in operating lease liabilities (47,212) (45,682) (45,606)
Net receipt (recognition) of deferred vendor incentives 1,034 (1,060) 715
System optimization gains, net (880) (6,779) (33,545)
Gain on sale of investments, net (31) 0 (63)
Distributions received from TimWen joint venture 12,901 12,612 16,337
Equity in earnings in joint ventures, net (10,819) (9,422) (11,203)
Long-term debt related activities, net (see Note 20) 5,320 7,762 24,758
Cloud computing arrangements expenditures (32,902) (30,220) (14,086)
Other, net 22,883 (4,554) 844
Changes in operating assets and liabilities:      
Accounts and notes receivable, net 430 (5,857) (5,613)
Inventories 439 (1,203) (872)
Prepaid expenses and other current assets (672) 6,769 (3,396)
Advertising funds restricted assets and liabilities (18,210) (30,503) 11,519
Accounts payable (8,826) (1,533) 7,586
Accrued expenses and other current liabilities 3,958 (12,782) 21,380
Net cash provided by operating activities 345,416 259,904 345,772
Cash flows from investing activities:      
Capital expenditures (85,021) (85,544) (77,984)
Franchise development fund (7,951) (3,605) 0
Acquisitions 0 0 (123,069)
Dispositions 2,115 8,237 55,118
Proceeds from sale of investments 31 0 63
Notes receivable, net 4,280 3,136 1,203
Payments for investments 0 0 (10,000)
Net cash used in investing activities (86,546) (77,776) (154,669)
Cash flows from financing activities:      
Proceeds from long-term debt 0 500,000 1,100,000
Repayments of long-term debt (94,702) (26,750) (970,344)
Repayments of finance lease liabilities (21,588) (17,312) (13,640)
Deferred financing costs 0 (10,232) (20,873)
Repurchases of common stock, including accelerated share repurchase (189,554) (51,950) (268,531)
Dividends (209,253) (106,779) (94,846)
Proceeds from stock option exercises 14,667 4,865 30,003
Payments related to tax withholding for share-based compensation (3,873) (3,168) (4,511)
Net cash (used in) provided by financing activities (504,303) 288,674 (242,742)
Net cash (used in) provided by operations before effect of exchange rate changes on cash (245,433) 470,802 (51,639)
Effect of exchange rate changes on cash 2,448 (5,967) 364
Net (decrease) increase in cash, cash equivalents and restricted cash (242,985) 464,835 (51,275)
Cash, cash equivalents and restricted cash at beginning of period 831,801 366,966 418,241
Cash, cash equivalents and restricted cash at end of period $ 588,816 $ 831,801 $ 366,966