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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 10, 2022
Jul. 04, 2021
Cash flows from operating activities:    
Net earnings $ 69,923 $ 126,821
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 40,754 35,656
Amortization of franchise tenant improvement allowances and incentives 3,046 2,330
Deferred finance cost amortization 4,280 4,304
Loss on extinguishment of debt 7,700 0
Tax deficiency (excess tax benefit) from share-based compensation arrangements 123 (1,164)
Deferred income taxes 8,058 (2,599)
Share-based compensation expense 5,541 3,338
Pension and post-retirement expense 233 678
Losses (gains) on cash surrender value of company-owned life insurance 9,024 (12,561)
Gains on the sale of company-operated restaurants (1,660) (3,079)
Gains on the disposition of property and equipment, net (1,746) (1,754)
Impairment charges and other 3,863 1,951
Changes in assets and liabilities, excluding acquisitions:    
Accounts and other receivables 571 14,485
Inventories (137) (250)
Prepaid expenses and other current assets (3,261) 1,194
Operating lease right-of-use assets and lease liabilities 6,074 (23,735)
Accounts payable 2,627 (2,597)
Accrued liabilities (42,701) 20,611
Pension and post-retirement contributions (5,109) (4,961)
Franchise tenant improvement allowance and incentive disbursements (2,206) (8,009)
Other (1,185) (778)
Cash flows provided by operating activities 103,812 149,881
Cash flows from investing activities:    
Purchases of property and equipment (34,349) (35,157)
Acquisition of Del Taco, net of cash acquired (580,792) 0
Proceeds from the sale of property and equipment 4,691 5,272
Proceeds from the sale and leaseback of assets 5,968 0
Proceeds from the sale of company-operated restaurants 1,402 1,229
Other (1,315) 2,616
Cash flows used in investing activities (604,395) (26,040)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 68,000 0
Repayments of borrowings on revolving credit facilities (18,000) (107,875)
Proceeds from the issuance of debt 1,100,000 0
Principal repayments on debt (580,518) (640)
Payment of debt issuance and extinguishment costs (20,599) 0
Dividends paid on common stock (27,789) (27,886)
Proceeds from issuance of common stock 51 6,646
Repurchases of common stock 0 (124,399)
Payroll tax payments for equity award issuances (1,215) (4,166)
Cash flows provided by (used in) financing activities 519,930 (258,320)
Net increase (decrease) in cash and restricted cash 19,347 (134,479)
Cash and restricted cash at beginning of period 73,568 236,920
Cash and restricted cash at end of period $ 92,915 $ 102,441