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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 45,658 $ 48,812
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 17,651 19,969
Non-cash closure and impairment charges 1,296 1,348
Non-cash stock-based compensation expense 5,309 8,327
Non-cash interest expense 1,935 1,436
Loss on extinguishment of debt 10 0
Deferred income taxes (2,939) (773)
Deferred revenue (1,730) (2,396)
Loss (gain) on disposition of assets 2,118 (1,530)
Other 88 (2,647)
Changes in operating assets and liabilities:    
Accounts receivable, net (285) (1,114)
Deferred rent receivable 4,651 3,964
Current income tax receivables and payables (3,006) 3,715
Gift card receivables and payables (6,204) (8,397)
Other current assets 4,502 (5,983)
Accounts payable (13,307) (9,656)
Operating lease assets and liabilities 3,806 (5,724)
Accrued employee compensation and benefits (10,170) (18,894)
Accrued advertising (13,177) (178)
Other current liabilities 6,478 (400)
Cash flows provided by operating activities 42,684 29,879
Cash flows from investing activities:    
Principal receipts from notes, equipment contracts and other long-term receivables 6,261 9,476
Net additions to property and equipment (22,787) (12,749)
Proceeds from sale of property and equipment 0 3,658
Additions to long-term receivables 0 (1,069)
Other (46) (93)
Cash flows used in investing activities (16,572) (777)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 500,000 0
Repayment of long-term debt (651,713) 0
Borrowing from revolving credit facility 15,000 0
Repayment of revolving credit facility (15,000) 0
Payment of debt issuance costs (7,967) 0
Dividends paid on common stock (15,970) (14,588)
Repurchase of common stock (14,017) (102,394)
Principal payments on finance lease obligations (3,623) (4,696)
Proceeds from stock options exercised 3,812 241
Repurchase of restricted stock for tax payments upon vesting (3,941) (2,353)
Tax payments for share settlement of restricted stock units (859) (953)
Cash flows used in financing activities (194,278) (124,743)
Net change in cash, cash equivalents and restricted cash (168,166) (95,641)
Cash, cash equivalents and restricted cash at beginning of period 324,984 425,353
Cash, cash equivalents and restricted cash at end of period 156,818 329,712
Supplemental disclosures:    
Interest paid in cash 34,818 31,701
Income taxes paid in cash $ 21,400 $ 16,065