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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 25, 2022
Dec. 26, 2021
Operating activities      
Net income before attribution to noncontrolling interests $ 82,799 $ 69,349 $ 124,955
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision (benefit) for allowance for credit losses on accounts and notes receivable 5,393 20,539 (852)
Depreciation and amortization 64,090 52,032 48,816
Refranchising and impairment loss 0 12,065 0
Deferred income taxes (5,991) 2,798 3,753
Stock-based compensation expense 17,924 18,388 16,919
Other 66 1,056 581
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (8,049) (29,167) 4,023
Income tax receivable 6,212 586 (8,113)
Inventories 5,441 (7,496) (4,708)
Prepaid expenses and other current assets 817 5,587 2,866
Other assets and liabilities (11,803) (13,458) (20,077)
Accounts payable 23,371 (8,350) (9,278)
Income and other taxes payable 9,087 (10,710) 9,733
Accrued expenses and other current liabilities 7,402 4,846 15,875
Deferred revenue (3,704) (257) 182
Net cash provided by operating activities 193,055 117,808 184,675
Investing activities      
Purchases of property and equipment (76,620) (78,391) (68,559)
Notes issued (4,338) (9,296) (16,132)
Repayments of notes issued 4,655 13,045 18,555
Acquisitions, net of cash acquired (5,613) (1,219) (699)
Proceeds from refranchising, net of cash transferred 0 13,588 0
Proceeds from the sale of property and equipment 3,457 0 0
Other 3,336 (520) 3,323
Net cash used in investing activities (75,123) (62,793) (63,512)
Financing activities      
Proceeds from issuance of senior notes 0 0 400,000
Net proceeds of revolving credit facilities 159,000 115,000 80,000
Debt issuance costs 0 0 (9,179)
Proceeds from exercise of stock options 2,252 4,036 11,969
Repurchase of Series B Convertible Preferred Stock 0 0 (188,647)
Acquisition of Company common stock (210,348) (125,000) (72,499)
Dividends paid to common stockholders (58,451) (54,767) (40,356)
Dividends paid to preferred stockholders 0 0 (6,394)
Tax payments for equity award issuances (6,416) (9,546) (5,847)
Distributions to noncontrolling interests (1,320) (1,211) (5,942)
Repayments of term loan 0 0 (340,000)
Principal payments on finance leases (8,821) (5,416) (4,566)
Other 28 664 935
Net cash used in financing activities (124,076) (76,240) (180,526)
Effect of exchange rate changes on cash and cash equivalents (642) (2,012) (231)
Change in cash and cash equivalents (6,786) (23,237) (59,594)
Cash and cash equivalents at beginning of period 47,373 70,610 130,204
Cash and cash equivalents at end of period $ 40,587 $ 47,373 $ 70,610