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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Apr. 17, 2022
Apr. 11, 2021
Cash flows from operating activities:    
Net earnings $ 47,066 $ 86,793
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 24,041 25,267
Amortization of franchise tenant improvement allowances and incentives 2,127 1,534
Deferred finance cost amortization 3,060 3,013
Loss on extinguishment of debt 7,700 0
Tax deficiency (excess tax benefit) from share-based compensation arrangements 49 (1,112)
Deferred income taxes 5,529 (882)
Share-based compensation expense 3,934 2,836
Pension and post-retirement expense 163 474
Losses (gains) on cash surrender value of company-owned life insurance 3,163 (9,352)
Gains on the sale of company-operated restaurants (858) (2,815)
Gains on the disposition of property and equipment, net (286) (1,931)
Impairment charges and other 1,109 1,340
Changes in assets and liabilities, excluding acquisitions:    
Accounts and other receivables 26,257 (4,490)
Inventories (277) (288)
Prepaid expenses and other current assets (6,716) 3,461
Operating lease right-of-use assets and lease liabilities 9,155 (19,075)
Accounts payable 1,297 (7,409)
Accrued liabilities (52,286) 6,499
Pension and post-retirement contributions (3,693) (3,577)
Franchise tenant improvement allowance and incentive disbursements (1,629) (567)
Other (1,077) (1,175)
Cash flows provided by operating activities 67,828 78,544
Cash flows from investing activities:    
Purchases of property and equipment (20,781) (22,928)
Acquisition of Del Taco, net of cash acquired (580,792) 0
Proceeds from the sale of property and equipment 2,245 3,629
Proceeds from the sale and leaseback of assets 1,861 0
Proceeds from the sale of company-operated restaurants 600 965
Other (1,315) 2,616
Cash flows used in investing activities (598,182) (15,718)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 63,000 0
Repayments of borrowings on revolving credit facilities (9,000) (107,875)
Proceeds from the issuance of debt 1,100,000 0
Principal repayments on debt (572,958) (415)
Payment of debt issuance and extinguishment costs (20,274) 0
Dividends paid on common stock (18,526) (18,130)
Proceeds from issuance of common stock 51 4,340
Repurchases of common stock 0 (65,000)
Payroll tax payments for equity award issuances (874) (3,892)
Cash flows provided by (used in) financing activities 541,419 (190,972)
Net increase (decrease) in cash and restricted cash 11,065 (128,146)
Cash and restricted cash at beginning of period 73,568 236,920
Cash and restricted cash at end of period $ 84,633 $ 108,774