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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Operating activities    
Net income before attribution to noncontrolling interests $ 7,335 $ 17,298
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for uncollectible accounts and notes receivable 1,646 4,047
Depreciation and amortization 35,102 34,855
Deferred income taxes (2,386) (227)
Preferred stock option mark-to-market adjustment 5,914  
Stock-based compensation expense 12,295 7,073
(Gain) loss on refranchising (1,889) 1,918
Other 3,618 6,952
Changes in operating assets and liabilities:    
Accounts receivable (8,156) 11,083
Income tax receivable 10,241 (7,423)
Inventories 1,891 986
Prepaid expenses 11,926 8,097
Other current assets (17,289) 3,534
Other assets and liabilities (3,245) (4,910)
Accounts payable 14,921 2,101
Income and other taxes payable 1,285 (1,597)
Accrued expenses and other current liabilities (19,149) 23,105
Deferred revenue (4,061) (1,860)
Net cash provided by operating activities 49,999 105,032
Investing activities    
Purchases of property and equipment (27,547) (30,593)
Loans issued (7,073) (3,511)
Repayments of loans issued 3,415 3,872
Proceeds from divestitures of restaurants 5,995 7,707
Other 1,068 160
Net cash used in investing activities (24,142) (22,365)
Financing activities    
Proceeds from issuance of preferred stock 252,530  
Repayments of term loan (10,000) (15,000)
Net (repayments) proceeds of revolving credit facility (236,966) 121,476
Dividends paid to common stockholders (21,371) (21,861)
Dividends paid to preferred stockholders (6,608)  
Issuance costs associated with preferred stock (7,535)  
Tax payments for equity award issuances (1,150) (1,474)
Proceeds from exercise of stock options 332 2,592
Acquisition of Company common stock   (158,049)
Contributions from noncontrolling interest holders 840  
Distributions to noncontrolling interest holders (645) (3,928)
Other (101) 276
Net cash used in financing activities (30,674) (75,968)
Effect of exchange rate changes on cash and cash equivalents (73) (68)
Change in cash and cash equivalents (4,890) 6,631
Cash and cash equivalents at beginning of period 33,258 27,891
Cash and cash equivalents at end of period $ 28,368 $ 34,522