v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 22, 2026
Mar. 23, 2025
Cash flows from operating activities:    
Net Income (Loss) $ 139,811 $ 149,651
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,434 20,362
Gain on sale of assets (7,780) 0
Loss on disposal of assets 357 266
Amortization of debt issuance costs 1,485 1,210
Provision (benefit) for deferred income taxes 3,319 (2,290)
Non-cash equity-based compensation expense 8,789 10,381
Excess tax benefits from equity-based compensation (463) (1,569)
Provision (benefit) for losses on accounts and notes receivable 44 (57)
Unrealized loss (gain) on investments 5,990 (24,027)
Changes in operating assets and liabilities (370) 34,244
Changes in advertising fund assets and liabilities, restricted (9,661) (9,095)
Net cash provided by operating activities 161,955 179,076
Cash flows from investing activities:    
Capital expenditures (15,043) (14,745)
Proceeds from sale of assets 7,780 0
Other (804) (1,225)
Net cash used in investing activities (8,067) (15,970)
Cash flows from financing activities:    
Repayments of long-term debt and finance lease obligations (840) (646)
Proceeds from exercise of stock options 1,892 7,529
Purchases of common stock (75,098) (50,000)
Tax payments for restricted stock upon vesting (12,895) (8,158)
Payments of common stock dividends and equivalents (1,459) (617)
Net cash used in financing activities (88,400) (51,892)
Effect of exchange rate changes on cash (108) 296
Change in cash and cash equivalents, restricted cash and cash equivalents 65,380 111,510
Cash and cash equivalents, beginning of period 125,675 186,126
Restricted cash and cash equivalents, beginning of period 216,110 195,370
Cash and cash equivalents included in advertising fund assets, restricted, beginning of period 92,200 80,928
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, beginning of period 433,985 462,424
Cash and cash equivalents, end of period 232,922 304,320
Restricted cash and cash equivalents, end of period 183,628 197,412
Cash and cash equivalents included in advertising fund assets, restricted, end of period 82,815 72,202
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period $ 499,365 $ 573,934