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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 30, 2018
Cash flows from operating activities:      
Net earnings $ 89,764 $ 94,437 $ 121,371
Earnings from discontinued operations 370 2,690 17,032
Earnings from continuing operations 89,394 91,747 104,339
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 52,798 55,181 59,422
Franchise tenant improvement allowance amortization and other 3,028 1,983 862
Amortization of debt issuance costs 5,628 3,121 2,803
Loss on extinguishment of debt 0 2,757 0
Loss on interest rate swap termination 0 23,551 0
Excess tax benefits from share-based compensation arrangements (449) (113) (2,031)
Deferred income taxes 5,162 4,100 25,352
Share-based compensation expense 4,394 8,074 9,146
Pension and postretirement expense 41,720 1,484 2,324
Gains on cash surrender value of company-owned life insurance (4,262) (4,475) (2,280)
Gains on the sale of company-operated restaurants (3,261) (1,366) (46,164)
(Gains) losses on the disposition of property and equipment (9,768) (6,244) 1,627
Non-cash operating lease costs 490 0 0
Impairment charges and other 322 5,414 2,505
Changes in assets and liabilities, excluding acquisitions and dispositions:      
Accounts and other receivables (28,724) 3,504 24,220
Inventories 41 82 1,587
Prepaid expenses and other current assets (2,780) 8,728 (9,432)
Accounts payable 154 4,524 4,890
Accrued liabilities 4,222 (7,505) (38,329)
Pension and postretirement contributions (6,243) (6,194) (5,467)
Franchise tenant improvement allowance disbursements (7,516) (10,593) (14,893)
Other (825) (9,355) (16,426)
Cash flows provided by operating activities 143,525 168,405 104,055
Cash flows from investing activities:      
Purchases of property and equipment (19,528) (47,649) (37,842)
Proceeds from the sale and leaseback of assets 19,828 4,447 9,336
Proceeds from the sale of company-operated restaurants 3,395 1,280 26,486
Collections on notes receivable 0 16,759 54,453
Proceeds from the sale of property and equipment 22,774 9,714 10,259
Other 2,654 1,630 2,969
Cash flows provided by (used in) investing activities 29,123 (13,819) 65,661
Cash flows from financing activities:      
Borrowings on revolving credit facilities 114,376 229,798 757,100
Repayments of borrowings on revolving credit facilities (6,500) (960,220) (523,700)
Proceeds from issuance of debt 0 1,300,000 0
Principal repayments on debt (10,536) (337,150) (304,607)
Debt issuance costs (216) (34,122) (1,366)
Payments related to termination of interest rate swaps 0 (23,551) 0
Dividends paid on common stock (27,538) (41,179) (45,412)
Proceeds from issuance of common stock 4,647 1,231 7,959
Repurchases of common stock (155,576) (137,654) (325,634)
Payroll tax payments for equity award issuances (5,946) (2,883) (7,719)
Change in book overdraft 0 0 (2,150)
Cash flows used in financing activities (87,289) (5,730) (445,529)
Cash flows provided by (used in) continuing operations 85,359 148,856 (275,813)
Net cash provided by operating activities of discontinued operations 0 0 4,823
Net cash provided by investing activities of discontinued operations 0 0 266,125
Net cash used in financing activities of discontinued operations 0 0 (78)
Net cash provided by discontinued operations 0 0 270,870
Effect of exchange rate changes on cash 0 0 6
Cash and restricted cash at beginning of year 151,561 2,705 7,642
Cash and restricted cash at end of year $ 236,920 $ 151,561 $ 2,705