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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 26, 2021
Dec. 27, 2020
Dec. 29, 2019
Operating activities      
Net income before attribution to noncontrolling interests $ 124,955 $ 60,614 $ 5,657
Adjustments to reconcile net income to net cash provided by operating activities:      
(Benefit) provision for allowance for credit losses on accounts and notes receivable (852) (4,734) 3,139
Depreciation and amortization 48,816 49,705 47,281
Deferred income taxes 3,753 (9,268) (3,764)
Preferred stock option mark-to-market adjustment     5,914
Stock-based compensation expense 16,919 16,310 15,303
(Gain) on refranchising     (4,739)
Other 581 2,257 3,203
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 4,023 (22,420) (6,181)
Income tax receivable (8,113) 3,760 12,122
Inventories (4,708) (2,736) (326)
Prepaid expenses and other current assets 2,866 2,884 1,367
Other assets and liabilities (20,077) 20,879 (6,354)
Accounts payable (9,278) 8,229 2,035
Income and other taxes payable 9,733 2,664 1,009
Accrued expenses and other current liabilities 15,875 59,353 (11,331)
Deferred revenue 182 (1,058) (2,586)
Net cash provided by operating activities 184,675 186,439 61,749
Investing activities      
Purchases of property and equipment (68,559) (35,652) (37,711)
Notes issued (16,132) (16,589) (15,864)
Repayments of notes issued 18,555 11,154 5,616
Acquisitions, net of cash acquired (699)    
Proceeds from divestitures of restaurants     13,495
Other 3,323 16 1,889
Net cash used in investing activities (63,512) (41,071) (32,575)
Financing activities      
Proceeds from issuance of senior notes 400,000    
Repayments of term loan (340,000) (20,000) (15,000)
Net proceeds (repayments) of revolving credit facilities 80,000   (240,026)
Debt issuance costs (9,179)    
Repurchase of Series B Convertible Preferred Stock (188,647)    
Proceeds from issuance of Series B Convertible Preferred Stock     252,530
Issuance costs associated with Series B Convertible Preferred Stock     (7,527)
Acquisition of Company common stock (72,499) (2,701)  
Proceeds from exercise of stock options 11,969 30,622 16,010
Dividends paid to common stockholders (40,356) (29,362) (28,552)
Dividends paid to preferred stockholders (6,394) (13,649) (10,020)
Tax payments for equity award issuances (5,847) (3,974) (1,433)
Contributions from noncontrolling interests     840
Distributions to noncontrolling interests (5,942) (2,420) (870)
Other (3,631) (1,977) (526)
Net cash used in financing activities (180,526) (43,461) (34,574)
Effect of exchange rate changes on cash and cash equivalents (231) 386 53
Change in cash and cash equivalents (59,594) 102,293 (5,347)
Cash and cash equivalents at beginning of period 130,204 27,911 33,258
Cash and cash equivalents at end of period $ 70,610 $ 130,204 $ 27,911