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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 26, 2023
Mar. 27, 2022
Operating activities    
Net income before attribution to noncontrolling interests $ 22,546 $ 11,427
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for allowance for credit losses on accounts and notes receivable 513 15,167
Depreciation and amortization 14,721 11,940
Refranchising and impairment loss 0 11,160
Deferred income taxes 2,031 (1,817)
Stock-based compensation expense 3,898 4,176
Other 496 (2,135)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 2,182 (2,503)
Income tax receivable 2,822 (1,151)
Inventories 4,330 (4,731)
Prepaid expenses and other current assets (4,351) 77
Other assets and liabilities 71 (654)
Accounts payable (310) 7,359
Income and other taxes payable (512) 8,013
Accrued expenses and other current liabilities (5,413) (29,469)
Deferred revenue (2,236) (1,465)
Net cash provided by operating activities 40,788 25,394
Investing activities    
Purchases of property and equipment (18,410) (10,233)
Notes issued (976) (272)
Repayments of notes issued 1,069 3,432
Acquisitions, net of cash acquired 0 (1,250)
Other 42 8
Net cash used in investing activities (18,275) (8,315)
Financing activities    
Net proceeds of revolving credit facilities 208,200 47,000
Proceeds from exercise of stock options 614 741
Acquisition of Company common stock (209,640) (32,709)
Dividends paid to common stockholders (14,603) (12,608)
Tax payments for equity award issuances (5,999) (7,461)
Distributions to noncontrolling interests (23) (685)
Other (1,761) (1,065)
Net cash used in financing activities (23,212) (6,787)
Effect of exchange rate changes on cash and cash equivalents 34 (233)
Change in cash and cash equivalents (665) 10,059
Cash and cash equivalents at beginning of period 47,373 70,610
Cash and cash equivalents at end of period $ 46,708 $ 80,669