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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Cash flows from operating activities:    
Net income $ 41,993 $ 39,821
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) 35,518 33,472
Amortization of cloud computing arrangements 3,542 1,582
Share-based compensation 5,853 4,609
Impairment of long-lived assets 2,006 376
Deferred income tax 603 2,302
Non-cash rental expense, net 10,974 9,012
Change in operating lease liabilities (12,112) (11,718)
Net receipt (recognition) of deferred vendor incentives 8,584 (1,197)
System optimization losses (gains), net 127 (5)
Distributions received from joint ventures, net of equity in earnings 430 394
Long-term debt-related activities, net 1,870 3,419
Cloud computing arrangements expenditures (2,865) (6,643)
Changes in operating assets and liabilities and other, net 3,464 (22,449)
Net cash provided by operating activities 99,987 52,975
Cash flows from investing activities:    
Capital expenditures (17,354) (12,240)
Franchise development fund (4,741) (218)
Dispositions 26 287
Notes receivable, net 1,256 110
Net cash used in investing activities (20,813) (12,061)
Cash flows from financing activities:    
Repayments of long-term debt (7,313) (39,122)
Repayments of finance lease liabilities (5,465) (4,398)
Repurchases of common stock (7,295) (36,727)
Dividends (51,374) (53,103)
Proceeds from stock option exercises 932 2,881
Payments related to tax withholding for share-based compensation (2,115) (1,809)
Net cash used in financing activities (72,630) (132,278)
Net cash provided by (used in) operations before effect of exchange rate changes on cash 6,544 (91,364)
Effect of exchange rate changes on cash (2,274) 129
Net increase (decrease) in cash, cash equivalents and restricted cash 4,270 (91,235)
Cash, cash equivalents and restricted cash at beginning of period 588,816 831,801
Cash, cash equivalents and restricted cash at end of period $ 593,086 $ 740,566