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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 28, 2021
Mar. 22, 2020
Cash flows from operating activities:    
Net income $ 117,761 $ 121,602
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,465 14,032
Loss on sale/disposal of assets 161 306
Amortization of debt issuance costs 1,203 1,291
Provision for deferred income taxes 1,578 702
Non-cash equity-based compensation expense 5,204 4,914
Excess tax benefits from equity-based compensation (914) (30,449)
Provision for losses on accounts and notes receivable 180 1,589
Changes in operating assets and liabilities (1,634) (23,119)
Changes in advertising fund assets and liabilities, restricted 15,347 4,490
Unrealized Gain (Loss) on Investments (2,500)  
Net cash provided by operating activities 152,851 95,358
Cash flows from investing activities:    
Capital expenditures (16,561) (17,467)
Purchase of investments (Note 6) (40,000)  
Other 121 (426)
Net cash used in investing activities (56,440) (17,893)
Cash flows from financing activities:    
Repayments of long-term debt and finance lease obligations (704) (10,849)
Proceeds from exercise of stock options 3,693 10,105
Purchases of common stock (25,000) (79,590)
Tax payments for restricted stock upon vesting (1,044) (1,796)
Payments of common stock dividends and equivalents (64) (80)
Other   152
Net cash used in financing activities (23,119) (82,058)
Effect of exchange rate changes on cash 161 (961)
Change in cash and cash equivalents, restricted cash and cash equivalents 73,453 (5,554)
Cash and cash equivalents, beginning of period 168,821 [1] 190,615
Restricted cash and cash equivalents, beginning of period 217,453 [1] 209,269
Cash and cash equivalents included in advertising fund assets, restricted, beginning of period 115,872 84,040
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, beginning of period 502,146 483,924
Cash and cash equivalents, end of period 267,719 200,801
Restricted cash and cash equivalents, end of period 176,029 189,370
Cash and cash equivalents included in advertising fund assets, restricted, end of period 131,851 88,199
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period $ 575,599 $ 478,370
[1] The balance sheet at January 3, 2021 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements.