v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Dec. 25, 2022
Operating activities      
Net income $ 84,197 $ 82,799 $ 69,349
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for allowance for credit losses on accounts and notes receivable 2,737 5,393 20,539
Depreciation and amortization 69,407 64,090 52,032
Refranchising and impairment loss 18,340 0 12,065
Deferred income taxes (3,037) (5,991) 2,798
Stock-based compensation expense 9,590 17,924 18,388
Gain on disposal of property and equipment (41,953) 0 0
Other 1,711 146 1,056
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (465) (4,920) (28,611)
Income tax receivable 345 6,212 586
Inventories 851 5,441 (7,496)
Prepaid expenses and other current assets 319 1,212 5,700
Other assets and liabilities (8,774) (11,803) (13,458)
Accounts payable (10,043) 22,031 1,117
Income and other taxes payable (5,678) 9,087 (10,710)
Accrued expenses and other current liabilities (2,035) 18,313 5,063
Deferred revenue (6,245) (3,704) (257)
Advertising fund assets and liabilities (2,635) (13,175) (10,353)
Net cash provided by operating activities 106,632 193,055 117,808
Investing activities      
Purchases of property and equipment (72,484) (76,620) (78,391)
Notes issued (154) (4,338) (9,296)
Repayments of notes issued 4,152 4,655 13,045
Acquisitions, net of cash acquired (125) (5,613) (1,219)
Proceeds from dispositions and refranchising, net of cash transferred 49,016 3,457 13,588
Other 2,247 3,336 (520)
Net cash used in investing activities (17,348) (75,123) (62,793)
Financing activities      
Net (repayments) proceeds from revolving credit facilities (17,268) 159,000 115,000
Proceeds from exercise of stock options 1,055 2,252 4,036
Acquisition of Company common stock (including excise tax payment) (2,080) (210,348) (125,000)
Dividends paid to common stockholders (60,559) (58,451) (54,767)
Tax payments for equity award issuances (3,619) (6,416) (9,546)
Distributions to noncontrolling interests (825) (1,320) (1,211)
Principal payments on finance leases (8,529) (8,821) (5,416)
Other 153 28 664
Net cash used in financing activities (91,672) (124,076) (76,240)
Effect of exchange rate changes on cash and cash equivalents (244) (642) (2,012)
Change in cash and cash equivalents (2,632) (6,786) (23,237)
Cash and cash equivalents at beginning of period 40,587 47,373 70,610
Cash and cash equivalents at end of period $ 37,955 $ 40,587 $ 47,373

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