XML 29 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) $ 97,864 $ (103,994) $ 104,346
Adjustments to reconcile net income (loss) to cash flows provided by operating activities:      
Depreciation and amortization 39,885 42,829 42,493
Non-cash stock-based compensation expense 11,577 12,508 10,808
Non-cash closure and impairment charges 5,324 132,501 1,485
Non-cash interest expense 2,852 2,698 3,369
Deferred income taxes (2,065) (20,049) (5,494)
Deferred revenue (6,573) (7,111) (7,695)
Loss on extinguishment of debt 0 0 8,276
Loss (gain) on disposition of assets 2,041 2,069 (332)
Other (1,593) (1,246) (3,568)
Changes in operating assets and liabilities:      
Accounts receivable, net 7,301 (9,750) (396)
Deferred rent receivable 6,192 13,859 6,761
Current income tax receivables and payables (3,837) 16,143 8,677
Operating lease assets and liabilities (18,212) (15,179) (8,567)
Gift card receivables and payables 14,759 12,231 (1,037)
Other current assets (629) (2,191) (498)
Accounts payable 13,131 6,455 583
Accrued employee compensation and benefits 19,714 (1,909) (3,575)
Accrued advertising expenses 12,111 12,881 (1,166)
Other current liabilities (4,007) 3,758 710
Cash flows provided by operating activities 195,835 96,503 155,180
Cash flows from investing activities      
Principal receipts from notes, equipment contracts and other long-term receivables 20,230 31,155 24,075
Net additions to property and equipment (16,849) (10,927) (19,424)
Proceeds from sale of property and equipment 946 537 2,540
Additions to long-term receivables 0 (1,475) (6,955)
Other (466) (565) (389)
Cash flows provided by (used in) investing activities 3,861 18,725 (153)
Cash flows from financing activities      
Proceeds from issuance of long-term debt 0 0 1,300,000
Repayment of long-term debt (9,750) (3,250) (1,283,750)
Borrowings from revolving credit facility 0 220,000 0
Repayments of revolving credit facility (220,000) 0 (25,000)
Payment of debt issuance costs 0 0 (13,150)
Dividends paid on common stock 0 (23,934) (46,859)
Repurchase of common stock (4,191) (29,853) (109,698)
Principal payments of finance lease obligations (10,238) (12,451) (13,639)
Proceeds from stock options exercised 25,337 20,523 11,969
Repurchase of restricted stock for tax payments upon vesting (1,771) (2,480) (2,728)
Tax payments for share settlement of restricted stock units (9,783) (205) (76)
Cash flows (used in) provided by financing activities (230,396) 168,350 (182,931)
Net change in cash, cash equivalents and restricted cash (30,700) 283,578 (27,904)
Cash, cash equivalents and restricted cash at beginning of year 456,053 172,475 200,379
Cash, cash equivalents and restricted cash at end of year 425,353 456,053 172,475
Supplemental disclosures      
Interest paid 65,229 69,208 66,104
Income taxes paid 31,300 11,873 44,748
Non-cash conversion of accounts receivable to notes receivable $ 4,258 $ 1,307 $ 185