v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Cash flows from operating activities:    
Net income $ 55,328 $ 94,342
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 78,636 73,539
Amortization of cloud computing arrangements 9,339 8,223
Share-based compensation 8,187 10,704
Impairment of long-lived assets 5,692 3,107
Deferred income tax 1,375 822
Non-cash rental expense, net 25,938 21,406
Change in operating lease liabilities (25,247) (24,482)
Net receipt of deferred vendor incentives 9,781 8,421
System optimization gains, net (2,292) (297)
Distributions received from joint ventures, net of equity in earnings 1,221 1,679
Long-term debt-related activities, net 3,612 3,744
Cloud computing arrangements expenditures (10,241) (9,335)
Changes in operating assets and liabilities and other, net (1,372) (45,865)
Net cash provided by operating activities 159,957 146,008
Cash flows from investing activities:    
Capital expenditures (31,439) (39,050)
Franchise development fund (10,998) (16,518)
Dispositions 4,664 1,355
Notes receivable, net 0 1,949
Net cash used in investing activities (37,773) (52,264)
Cash flows from financing activities:    
Proceeds from long-term debt 17,800 23,500
Repayments of long-term debt (32,675) (23,125)
Repayments of finance lease liabilities (12,106) (10,666)
Repurchases of common stock (1,922) (186,516)
Dividends (53,316) (76,243)
Proceeds from stock option exercises 0 1,717
Payments related to tax withholding for share-based compensation (449) (1,354)
Net cash used in financing activities (82,668) (272,687)
Net cash provided by (used in) operations before effect of exchange rate changes on cash 39,516 (178,943)
Effect of exchange rate changes on cash (2,408) 5,437
Net increase (decrease) in cash, cash equivalents and restricted cash 37,108 (173,506)
Cash, cash equivalents and restricted cash at beginning of period 357,672 503,608
Cash, cash equivalents and restricted cash at end of period $ 394,780 $ 330,102