XML 24 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income (loss) $ 81,111 $ 97,864 $ (103,994)
Adjustments to reconcile net income (loss) to cash flows provided by operating activities:      
Depreciation and amortization 37,952 39,885 42,829
Non-cash stock-based compensation expense 16,131 11,577 12,508
Non-cash closure and impairment charges 2,927 5,324 132,501
Non-cash interest expense 3,016 2,852 2,698
Deferred income taxes (1,071) (2,065) (20,049)
Deferred revenue (4,474) (6,573) (7,111)
(Gain) loss on disposition of assets (2,536) 2,041 2,069
Other (5,160) (1,593) (1,246)
Changes in operating assets and liabilities:      
Accounts receivable, net (2,574) 7,301 (9,750)
Deferred rent receivable 7,928 6,192 13,859
Current income tax receivables and payables 8,326 (3,837) 16,143
Operating lease assets and liabilities (11,823) (18,212) (15,179)
Gift card receivables and payables 2,783 14,759 12,231
Other current assets (12,706) (629) (2,191)
Accounts payable (3,665) 13,131 6,455
Accrued employee compensation and benefits (16,264) 19,714 (1,909)
Accrued advertising expenses (10,020) 12,111 12,881
Other current liabilities (545) (4,007) 3,758
Cash flows provided by operating activities 89,336 195,835 96,503
Cash flows from investing activities      
Principal receipts from notes, equipment contracts and other long-term receivables 17,057 20,230 31,155
Net additions to property and equipment (35,318) (16,849) (10,927)
Proceeds from sale of property and equipment 17,028 946 537
Additions to long-term receivables (1,069) 0 (1,475)
Acquisition of business, net of cash acquired (78,264) 0 0
Other (338) (466) (565)
Cash flows (used in) provided by investing activities (80,904) 3,861 18,725
Cash flows from financing activities      
Repayment of long-term debt (38,768) (9,750) (3,250)
Borrowings from revolving credit facility 100,000 0 220,000
Repayments of revolving credit facility 0 (220,000) 0
Payment of debt issuance costs (6,289) 0 0
Dividends paid on common stock (30,765) 0 (23,934)
Repurchase of common stock (120,452) (4,191) (29,853)
Principal payments of finance lease obligations (8,946) (10,238) (12,451)
Proceeds from stock options exercised 241 25,337 20,523
Repurchase of restricted stock for tax payments upon vesting (2,867) (1,771) (2,480)
Tax payments for share settlement of restricted stock units (955) (9,783) (205)
Cash flows (used in) provided by financing activities (108,801) (230,396) 168,350
Net change in cash, cash equivalents and restricted cash (100,369) (30,700) 283,578
Cash, cash equivalents and restricted cash at beginning of year 425,353 456,053 172,475
Cash, cash equivalents and restricted cash at end of year 324,984 425,353 456,053
Supplemental disclosures      
Interest paid 64,599 65,229 69,208
Income taxes paid 28,085 31,300 11,873
Non-cash conversion of accounts receivable to notes receivable $ 84 $ 4,258 $ 1,307