v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jul. 01, 2025
Cash flows from operating activities:    
Net income including noncontrolling interests $ 250,509 $ 242,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 115,184 99,544
Deferred income taxes 7,799 (6,467)
Loss on disposition of assets 2,229 3,475
Impairment and closure costs 101 39
Equity income from investments in unconsolidated affiliates (326) (1,651)
Distributions of income received from investments in unconsolidated affiliates 300 605
Provision for doubtful accounts 20 4
Share-based compensation expense 26,902 23,249
Changes in operating working capital, net of acquisitions:    
Receivables 140,352 128,182
Inventories (3,807) (4,029)
Prepaid expenses and other current assets 9,140 5,452
Other assets (19,742) (21,682)
Accounts payable 8,735 1,323
Deferred revenue-gift cards (143,661) (125,806)
Accrued wages 5,004 (10,162)
Prepaid income taxes and income taxes payable 14,576 (6,622)
Accrued taxes and licenses 1,926 (7,231)
Other accrued liabilities (4,958) 13,870
Operating lease right-of-use assets and lease liabilities 5,412 4,226
Other liabilities 23,532 26,909
Net cash provided by operating activities 439,227 365,980
Cash flows from investing activities:    
Capital expenditures-property and equipment (178,845) (169,912)
Acquisitions of franchise restaurants, net of cash acquired (71,778) (93,878)
Purchases of debt securities (5,335) 0
Proceeds from sale of investments in unconsolidated affiliates 0 1,321
Proceeds from sale of property and equipment 0 135
Proceeds from sale leaseback transactions 13,975 2,807
Net cash used in investing activities (241,983) (259,527)
Cash flows from financing activities:    
Proceeds from revolving credit facility 70,000 0
Payments on revolving credit facility (20,000) 0
Debt issuance costs 0 (1,525)
Distributions to noncontrolling interest holders (4,783) (4,953)
Proceeds from restricted stock and other deposits, net 433 390
Indirect repurchase of shares for minimum tax withholdings (4,668) (18,083)
Repurchase of shares of common stock, including excise taxes as applicable (71,845) (60,414)
Dividends paid to shareholders (98,663) (90,292)
Net cash used in financing activities (129,526) (174,877)
Net increase (decrease) in cash and cash equivalents 67,718 (68,424)
Cash and cash equivalents-beginning of period 134,709 245,225
Cash and cash equivalents-end of period 202,427 176,801
Supplemental disclosures of cash flow information:    
Interest paid, net of amounts capitalized 676 447
Income taxes paid 18,137 54,936
Capital expenditures included in current liabilities $ 46,002 $ 45,186