v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Operating activities    
Net income $ 6,938 $ 9,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for allowance for credit losses on accounts and notes receivable 1,169 1,712
Depreciation and amortization 17,729 18,343
Deferred income taxes 684 1,157
Stock-based compensation expense 4,409 3,669
Refranchising gain (1,035) 0
Loss on disposal of property and equipment 610 151
Other 1,092 (97)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 2,588 7,652
Income tax receivable 2,309 (541)
Inventories (1,925) (1,881)
Prepaid expenses and other current assets (4,259) (4,854)
Other assets and liabilities (4,503) (2,591)
Accounts payable 6,396 5,242
Income and other taxes payable 58 3,144
Accrued expenses and other current liabilities (27,449) (11,911)
Deferred revenue (3,185) (2,794)
Advertising fund assets and liabilities 5,598 5,592
Net cash provided by operating activities 7,224 31,336
Investing activities    
Purchases of property and equipment (13,451) (12,231)
Purchases of property and equipment related to damages from natural disasters (70) 0
Insurance proceeds related to damages from natural disasters 850 0
Repayments of notes issued 748 978
Proceeds from the sale of property and equipment 3,529 0
Proceeds from investments 3,232 4,739
Other 0 (569)
Net cash used in investing activities (5,162) (7,083)
Financing activities    
Net proceeds (repayments) of revolving credit facilities 19,381 (196,838)
Proceeds from term loan 0 200,000
Debt issuance costs 0 (2,991)
Dividends paid to common stockholders (15,321) (15,174)
Tax payments for equity award issuances (1,379) (1,120)
Distributions to noncontrolling interests (73) (339)
Principal payments on finance leases (2,552) (2,392)
Other 125 287
Net cash provided by (used in) financing activities 181 (18,567)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (157) 371
Change in cash, cash equivalents, and restricted cash 2,086 6,057
Cash, cash equivalents, and restricted cash at beginning of period 36,950 37,955
Cash, cash equivalents, and restricted cash at end of period $ 39,036 $ 44,012

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