v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 14, 2026
Jun. 15, 2025
Cash flows from operating activities:    
Net Income (Loss) $ 275,561 $ 280,742
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,781 40,713
Refranchising gain (4,087) (3,883)
Gain on sale of assets (7,780) 0
Loss on disposal of assets 496 612
Amortization of debt issuance costs 2,970 2,419
Provision (benefit) for deferred income taxes 5,150 (2,700)
Non-cash equity-based compensation expense 21,146 21,356
Excess tax benefits from equity-based compensation (625) (2,343)
Provision (benefit) for losses on accounts and notes receivable 38 (4)
Unrealized and realized loss (gain) on investments 18,356 (8,053)
Changes in operating assets and liabilities (1,197) 19,663
Changes in advertising fund assets and liabilities, restricted 1,794 18,338
Net cash provided by operating activities 352,603 366,860
Cash flows from investing activities:    
Capital expenditures (39,008) (35,231)
Proceeds from sale of assets 15,184 8,458
Sale of investments 0 44,085
Other (826) (2,517)
Net cash (used in) provided by investing activities (24,650) 14,795
Cash flows from financing activities:    
Repayments of long-term debt and finance lease obligations (1,575) (1,861)
Proceeds from exercise of stock options 2,978 12,319
Purchases of common stock (234,616) (203,041)
Tax payments for restricted stock upon vesting (12,863) (8,472)
Payments of common stock dividends and equivalents (68,242) (60,257)
Net cash used in financing activities (314,318) (261,312)
Effect of exchange rate changes on cash (820) 1,848
Change in cash and cash equivalents, restricted cash and cash equivalents 12,815 122,191
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 164,836 272,859
Restricted cash and cash equivalents, end of period 187,885 211,734
Cash and cash equivalents included in advertising fund assets, restricted, end of period 94,079 100,022
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period $ 446,800 $ 584,615