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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 20, 2021
Jun. 14, 2020
Jun. 20, 2021
Jun. 14, 2020
Cash flows from operating activities:        
Net income $ 116,619 $ 118,668 $ 234,380 $ 240,270
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 17,176 14,757 33,641 28,789
Loss on sale/disposal of assets 295 238 456 544
Amortization of debt issuance costs     4,438 2,575
Provision for deferred income taxes     2,561 1,510
Non-cash equity-based compensation expense 8,296 5,115 13,500 10,029
Excess tax benefits from equity-based compensation     (4,264) (53,440)
Provision for losses on accounts and notes receivable     296 1,592
Changes in operating assets and liabilities     (17,098) (19,421)
Changes in advertising fund assets and liabilities, restricted     30,005 (620)
Unrealized Gain (Loss) on Investments     (2,500)  
Net cash provided by operating activities     295,415 211,828
Cash flows from investing activities:        
Capital expenditures     (33,163) (33,732)
Purchase of investments (Note 6)     (40,000) (40,000)
Other     293 (479)
Net cash used in investing activities     (72,870) (74,211)
Cash flows from financing activities:        
Proceeds from issuance of long-term debt     1,850,000 158,000
Repayments of long-term debt and finance lease obligations     (882,547) (122,040)
Proceeds from exercise of stock options     9,025 24,801
Purchases of common stock     (1,025,000) (79,590)
Tax payments for restricted stock upon vesting     (1,087) (1,827)
Payments of common stock dividends and equivalents     (36,432) (30,266)
Cash paid for financing costs     (14,938)  
Other     (244)  
Net cash used in financing activities     (101,223) (50,922)
Effect of exchange rate changes on cash     302 (253)
Change in cash and cash equivalents, restricted cash and cash equivalents     121,624 86,442
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 292,095 247,952 292,095 247,952
Restricted cash and cash equivalents, end of period 184,695 238,233 184,695 238,233
Cash and cash equivalents included in advertising fund assets, restricted, end of period 146,980 84,181 146,980 84,181
Cash and cash equivalents, restricted cash and cash equivalents and cash and cash equivalents included in advertising fund assets, restricted, end of period $ 623,770 $ 570,366 $ 623,770 $ 570,366
[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.