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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2022
Dec. 26, 2021
Dec. 27, 2020
Operating activities      
Net income before attribution to noncontrolling interests $ 69,349 $ 124,955 $ 60,614
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (benefit) for allowance for credit losses on accounts and notes receivable 20,539 (852) (4,734)
Depreciation and amortization 52,032 48,816 49,705
Refranchising and impairment loss 12,065 0 0
Deferred income taxes 2,798 3,753 (9,268)
Stock-based compensation expense 18,388 16,919 16,310
Other 1,056 581 2,257
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (29,167) 4,023 (22,420)
Income tax receivable 586 (8,113) 3,760
Inventories (7,496) (4,708) (2,736)
Prepaid expenses and other current assets 5,587 2,866 2,884
Other assets and liabilities (13,458) (20,077) 20,879
Accounts payable (8,350) (9,278) 8,229
Income and other taxes payable (10,710) 9,733 2,664
Accrued expenses and other current liabilities 4,846 15,875 59,353
Deferred revenue (257) 182 (1,058)
Net cash provided by operating activities 117,808 184,675 186,439
Investing activities      
Purchases of property and equipment (78,391) (68,559) (35,652)
Notes issued (9,296) (16,132) (16,589)
Repayments of notes issued 13,045 18,555 11,154
Acquisitions, net of cash acquired (1,219) (699) 0
Proceeds from refranchising, net of cash transferred 13,588 0 0
Other (520) 3,323 16
Net cash used in investing activities (62,793) (63,512) (41,071)
Financing activities      
Proceeds from issuance of senior notes 0 400,000 0
Net proceeds of revolving credit facilities 115,000 80,000 0
Debt issuance costs 0 (9,179) 0
Proceeds from exercise of stock options 4,036 11,969 30,622
Repurchase of Series B Convertible Preferred Stock 0 (188,647) 0
Acquisition of Company common stock (125,000) (72,499) (2,701)
Dividends paid to common stockholders (54,767) (40,356) (29,362)
Dividends paid to preferred stockholders 0 (6,394) (13,649)
Tax payments for equity award issuances (9,546) (5,847) (3,974)
Distributions to noncontrolling interests (1,211) (5,942) (2,420)
Repayments of term loan 0 (340,000) (20,000)
Other (4,752) (3,631) (1,977)
Net cash used in financing activities (76,240) (180,526) (43,461)
Effect of exchange rate changes on cash and cash equivalents (2,012) (231) 386
Change in cash and cash equivalents (23,237) (59,594) 102,293
Cash and cash equivalents at beginning of period 70,610 130,204 27,911
Cash and cash equivalents at end of period $ 47,373 $ 70,610 $ 130,204