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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Operating activities    
Net income before attribution to noncontrolling interests $ 11,427 $ 35,283
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (benefit) for allowance for credit losses on accounts and notes receivable 15,167 (1,098)
Depreciation and amortization 11,940 12,876
Refranchising and impairment loss 11,160  
Deferred income taxes (1,817) 2,586
Stock-based compensation expense 4,176 4,113
Other (2,135) 325
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (2,503) 13,349
Income tax receivable (1,151) 566
Inventories (4,731) 2,721
Prepaid expenses and other current assets 77 711
Other assets and liabilities (654) (7,901)
Accounts payable 7,359 (5,350)
Income and other taxes payable 8,013 15,045
Accrued expenses and other current liabilities (29,469) (9,736)
Deferred revenue (1,465) (273)
Net cash provided by operating activities 25,394 63,217
Investing activities    
Purchases of property and equipment (10,233) (7,076)
Notes issued (272) (3,417)
Repayments of notes issued 3,432 4,864
Acquisitions, net of cash acquired (1,250) (699)
Other 8 29
Net cash used in investing activities (8,315) (6,299)
Financing activities    
Net proceeds of revolving credit facilities 47,000 5,000
Proceeds from exercise of stock options 741 2,298
Acquisition of Company common stock (32,709) (1,267)
Dividends paid to common stockholders (12,608) (7,404)
Dividends paid to preferred stockholders   (3,412)
Tax payments for equity award issuances (7,461) (3,834)
Distributions to noncontrolling interests (685) (1,705)
Repayments of term loan   (5,000)
Other (1,065) (756)
Net cash used in financing activities (6,787) (16,080)
Effect of exchange rate changes on cash and cash equivalents (233) 230
Change in cash and cash equivalents 10,059 41,068
Cash and cash equivalents at beginning of period 70,610 130,204
Cash and cash equivalents at end of period $ 80,669 $ 171,272