v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Apr. 01, 2025
Cash flows from operating activities:    
Net income including noncontrolling interests $ 125,995 $ 116,059
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56,843 48,800
Deferred income taxes 6,286 (4,347)
Loss on disposition of assets 800 1,419
Impairment and closure costs (4) (5)
Equity income from investments in unconsolidated affiliates (144) (225)
Distributions of income received from investments in unconsolidated affiliates 109 351
Provision for doubtful accounts 17 4
Share-based compensation expense 13,456 12,550
Changes in operating working capital, net of acquisitions:    
Receivables 160,712 142,313
Inventories (163) (2,833)
Prepaid expenses and other current assets (512) 1,081
Other assets (742) (5,059)
Accounts payable 5,764 11,101
Deferred revenue-gift cards (119,154) (107,214)
Accrued wages (1,806) (9,184)
Prepaid income taxes and income taxes payable 12,713 22,847
Accrued taxes and licenses 4,368 (6,133)
Other accrued liabilities (10,171) 4,968
Operating lease right-of-use assets and lease liabilities 1,476 3,202
Other liabilities 3,237 8,045
Net cash provided by operating activities 259,080 237,740
Cash flows from investing activities:    
Capital expenditures-property and equipment (80,165) (77,389)
Acquisitions of franchise restaurants, net of cash acquired (71,778) (78,297)
Purchases of debt securities (5,260)  
Proceeds from sale of property and equipment   129
Proceeds from sale leaseback transactions 10,450  
Net cash used in investing activities (146,753) (155,557)
Cash flows from financing activities:    
Proceeds from revolving credit facility 70,000  
Payments on revolving credit facility (20,000)  
Distributions to noncontrolling interest holders (2,015) (2,345)
Proceeds from restricted stock and other deposits, net 238 368
Indirect repurchase of shares for minimum tax withholdings (3,096) (9,024)
Repurchase of shares of common stock, including excise taxes as applicable (28,195) (50,151)
Dividends paid to shareholders (49,407) (45,171)
Net cash used in financing activities (32,475) (106,323)
Net increase (decrease) in cash and cash equivalents 79,852 (24,140)
Cash and cash equivalents-beginning of period 134,709 245,225
Cash and cash equivalents-end of period 214,561 221,085
Supplemental disclosures of cash flow information:    
Interest paid 414 216
Income taxes paid 2,036 1,701
Capital expenditures included in current liabilities $ 31,608 $ 36,992