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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Operating activities    
Net income before attribution to noncontrolling interests $ 7,078 $ 30,159
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for uncollectible accounts and notes receivable 676 3,591
Depreciation and amortization 23,270 23,270
Deferred income taxes (3,096) (2,511)
Preferred stock option mark-to-market adjustment 5,914  
Stock-based compensation expense 7,531 4,929
(Gain) loss on refranchising (163) 1,918
Other 1,999 3,032
Changes in operating assets and liabilities:    
Accounts receivable (1,092) 3,114
Income tax receivable 11,699 3,628
Inventories 326 3,188
Prepaid expenses 8,899 1,285
Other current assets (14,282) 3,276
Other assets and liabilities (2,094) (2,206)
Accounts payable 5,410 6,993
Income and other taxes payable 565 (1,656)
Accrued expenses and other current liabilities (17,297) (6,885)
Deferred revenue (3,168) (1,698)
Net cash provided by operating activities 32,175 73,427
Investing activities    
Purchases of property and equipment (17,836) (21,562)
Loans issued (4,757) (1,904)
Repayments of loans issued 2,234 2,720
Proceeds from divestitures of restaurants 225 3,690
Other 568 146
Net cash used in investing activities (19,566) (16,910)
Financing activities    
Proceeds from issuance of preferred stock 252,530  
Repayments of term loan (10,000) (10,000)
Net (repayments) proceeds of revolving credit facility (230,776) 119,567
Dividends paid to common stockholders (14,269) (14,762)
Dividends paid to preferred stockholders (5,470)  
Issuance costs associated with preferred stock (7,250)  
Tax payments for equity award issuances (895) (1,353)
Proceeds from exercise of stock options 93 2,179
Acquisition of Company common stock   (148,440)
Contributions from noncontrolling interest holders 840  
Distributions to noncontrolling interest holders (183) (1,110)
Other 168 231
Net cash used in financing activities (15,212) (53,688)
Effect of exchange rate changes on cash and cash equivalents 1 (62)
Change in cash and cash equivalents (2,602) 2,767
Cash and cash equivalents at beginning of period 33,258 27,891
Cash and cash equivalents at end of period $ 30,656 $ 30,658