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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 30, 2023
Operating activities      
Net income $ 174,267 $ 108,717 $ 70,175
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 25,068 19,490 13,239
Deferred income taxes 35,866 (1,809) (1,551)
Stock-based compensation expense 24,878 22,060 15,558
(Gain) loss on disposal of assets 6,535 (1,038) 95
Gain on sale of investment (92,485) 0 0
Non cash investment income (8,770) 0 0
Amortization of debt issuance costs 3,129 2,150 2,043
Changes in operating assets and liabilities:      
Accounts receivable (1,162) (7,253) (2,947)
Prepaid expenses and other assets (10,968) (13,221) 599
Advertising fund assets and liabilities, net (16,910) 4,778 10,093
Accounts payable and other current liabilities 3,359 2,928 10,634
Deferred revenue 9,941 9,249 3,593
Other non-current liabilities 317 11,559 70
Cash provided by operating activities 153,065 157,610 121,601
Investing activities      
Purchases of property and equipment (47,441) (51,929) (40,833)
Acquisition of restaurants from franchisee (18,532) (14,048) (10,832)
Proceeds from sales of assets 17,330 4,000 320
Payments for investments (76,513) (500) (808)
Proceeds from sale of investments 107,700 0 0
Cash used in investing activities (17,456) (62,477) (52,153)
Financing activities      
Proceeds from exercise of stock options 1,367 1,557 951
Purchases of common stock (221,859) (314,664) (125,401)
Borrowings of long-term debt 0 500,000 0
Repayments of long-term debt 0 0 (3,650)
Payment of deferred financing costs and other debt-related costs 0 (8,832) 0
Tax payments for restricted stock upon vesting (13,856) (4,427) (2,480)
Dividends paid (32,382) (28,869) (24,907)
Cash (used in) provided by financing activities (266,730) 144,765 (155,487)
Net change in cash, cash equivalents, and restricted cash (131,121) 239,898 (86,039)
Cash, cash equivalents, and restricted cash at beginning of period 359,574 119,676 205,715
Cash, cash equivalents, and restricted cash at end of period 228,453 359,574 119,676
Supplemental information:      
Accrued capital expenditures 6,294 3,955 2,963
Cash paid for interest 52,150 22,697 22,740
Cash paid for taxes $ 27,400 $ 38,842 $ 27,918