v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 01, 2025
Jun. 25, 2024
Cash flows from operating activities:    
Net income including noncontrolling interests $ 242,752 $ 239,065
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 99,544 84,408
Deferred income taxes (6,467) (4,254)
Loss on disposition of assets 3,475 1,646
Impairment and closure costs 39 26
Equity income from investments in unconsolidated affiliates (1,651) (543)
Distributions of income received from investments in unconsolidated affiliates 605 541
Provision for doubtful accounts 4 (8)
Share-based compensation expense 23,249 18,378
Changes in operating working capital, net of acquisitions:    
Receivables 128,182 106,883
Inventories (4,029) (2,879)
Prepaid expenses and other current assets 5,452 9,138
Other assets (21,682) (10,377)
Accounts payable 1,323 11,293
Deferred revenue-gift cards (125,806) (123,428)
Accrued wages (10,162) 16,858
Prepaid income taxes and income taxes payable (6,622) 9,220
Accrued taxes and licenses (7,231) 3,338
Other accrued liabilities 13,870 (3,540)
Operating lease right-of-use assets and lease liabilities 4,226 3,515
Other liabilities 26,909 18,067
Net cash provided by operating activities 365,980 377,347
Cash flows from investing activities:    
Capital expenditures-property and equipment (169,912) (155,478)
Acquisitions of franchise restaurants, net of cash acquired (93,878) 0
Proceeds from sale of investments in unconsolidated affiliates 1,321 0
Proceeds from sale of property and equipment 135 197
Proceeds from sale leaseback transactions 2,807 9,126
Net cash used in investing activities (259,527) (146,155)
Cash flows from financing activities:    
Debt issuance costs (1,525) 0
Distributions to noncontrolling interest holders (4,953) (5,625)
Acquisitions of noncontrolling interests 0 (5,279)
Proceeds from restricted stock and other deposits, net 390 397
Indirect repurchase of shares for minimum tax withholdings (18,083) (10,829)
Repurchase of shares of common stock, including excise taxes as applicable (60,414) (35,139)
Dividends paid to shareholders (90,292) (81,509)
Net cash used in financing activities (174,877) (137,984)
Net (decrease) increase in cash and cash equivalents (68,424) 93,208
Cash and cash equivalents-beginning of period 245,225 104,246
Cash and cash equivalents-end of period 176,801 197,454
Supplemental disclosures of cash flow information:    
Interest paid 447 454
Income taxes paid 54,936 35,768
Capital expenditures included in current liabilities $ 45,186 $ 35,565