XML 20 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2015
Dec. 30, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 116,523 $ 101,276 $ 114,356
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 85,563 82,835 78,558
Deferred income taxes 1,184 204 4,633
Impairment of assets and lease terminations 6,011 245 3,294
Stock-based compensation 20,053 16,817 14,135
Tax impact of stock options exercised, net of cancellations 12,501 8,906 7,159
Excess tax benefit related to stock options exercised (12,309) (8,861) (7,765)
Other 2,615 2,059 (464)
Changes in assets and liabilities:      
Accounts receivable 1,011 (5,079) 4,477
Other receivables (10,331) (6,867) (6,486)
Inventories (755) 2,223 (6,642)
Prepaid expenses (3,743) 4,362 (2,708)
Other assets (5,799) (3,645) (3,997)
Accounts payable (12,931) 18,180 (11,580)
Income taxes receivable/payable (1,356) (12,854) (5,742)
Other accrued expenses 37,186 39,848 23,557
Cash provided by operating activities 235,423 239,649 204,785
Cash flows from investing activities:      
Additions to property and equipment (153,941) (113,982) (106,289)
Additions to intangible assets (1,760) (1,879) (1,654)
Cash used in investing activities (155,701) (115,861) (107,943)
Cash flows from financing activities:      
Deemed landlord financing proceeds 14,266 14,143 13,672
Deemed landlord financing payments (3,118) (2,650) (2,143)
Borrowings on credit facility 60,000 25,000  
Repayments on credit facility (60,000) (25,000)  
Proceeds from exercise of stock options 27,997 22,940 72,896
Excess tax benefit related to stock options exercised 12,309 8,861 7,765
Cash dividends paid (35,969) (30,332) (27,191)
Treasury stock purchases (109,371) (140,483) (183,659)
Cash used in financing activities (93,886) (127,521) (118,660)
Net change in cash and cash equivalents (14,164) (3,733) (21,818)
Cash and cash equivalents at beginning of period 58,018 61,751 83,569
Cash and cash equivalents at end of period 43,854 58,018 61,751
Supplemental disclosures:      
Interest paid 6,057 5,430 4,602
Income taxes paid 30,410 41,074 37,259
Construction payable $ 13,500 $ 10,124 $ 6,397