v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 22,011 $ 40,655
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 20,820 19,395
Non-cash closure and impairment charges 7,001 1,076
Non-cash stock-based compensation expense 6,616 8,757
Non-cash interest expense 1,787 1,619
Loss on extinguishment of debt 850 0
Deferred income taxes (4,199) (1,931)
Deferred revenue (5,784) (3,387)
Provision for doubtful accounts 3,197 (546)
Gain on disposition of assets (80) (63)
Other (2,046) (940)
Changes in operating assets and liabilities:    
Receivables, net (5,973) 6,631
Deferred rent receivable 2,770 4,438
Current income tax receivable and payable 10,650 487
Gift card receivable and payable 809 (6,228)
Other current assets (5,742) 4,472
Accounts payable (1,167) (2,260)
Operating lease assets and liabilities (7,098) (6,569)
Accrued employee compensation and benefits (527) (8,948)
Accrued advertising 12,201 (1,941)
Accrued interest payable (1,379) (30)
Other accrued expenses (1,612) (2,508)
Cash flows provided by operating activities 53,105 52,179
Cash flows from investing activities:    
Principal receipts from notes, equipment contracts and other long-term receivables 4,826 7,542
Additions to property and equipment (9,263) (6,779)
Proceeds from sale of property and equipment 1,049 81
Additions to long-term receivables (1,769) (1,790)
Acquisition, net of cash acquired 673 0
Additions to intangible assets (701) (126)
Cash flows used in investing activities (5,185) (1,072)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 600,000 0
Repayment of long-term debt (594,000) 0
Payment of debt issuance costs (11,581) 0
Dividends paid on common stock (15,764) (15,707)
Repurchase of common stock (7,599) (12,000)
Principal payments on finance lease and financing obligations (2,530) (3,080)
Repurchase of restricted stock for tax payments upon vesting (1,820) (2,486)
Tax payments for share settlement of restricted stock units (20) (30)
Other 0 (5)
Cash flows used in financing activities (33,314) (33,308)
Net change in cash, cash equivalents and restricted cash 14,606 17,799
Cash, cash equivalents and restricted cash at beginning of period 248,598 200,592
Cash, cash equivalents and restricted cash at end of period 263,204 218,391
Supplemental disclosures:    
Interest paid in cash 39,569 39,711
Income taxes paid in cash 3,320 22,872
Non-cash conversion to notes receivable 3,774 1,296
Non-cash balance sheet gross-up of receivables and other accrued expenses $ 0 $ 11,000