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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 27, 2018
Jun. 28, 2017
Jun. 29, 2016
Cash flows from operating activities      
Net income $ 125,882 $ 150,823 $ 200,620
Adjustments to reconcile Net income to net cash from operating activities:      
Depreciation and amortization 151,392 156,409 156,368
Stock-based compensation 14,245 14,568 15,159
Deferred income taxes, net 3,421 (22,704) 23,902
Restructure charges and other impairments 21,704 14,412 17,445
Net loss (gain) on disposal of assets 1,602 (377) 87
Undistributed loss (earnings) on equity investments 330 1 (571)
Other 3,068 3,009 1,918
Changes in assets and liabilities:      
Accounts receivable, net (3,281) 3,487 (3,682)
Inventories 12 (62) 11
Restaurant supplies (1,231) (1,496) (1,651)
Prepaid expenses (1,694) (696) (11,178)
Other assets 255 308 72
Accounts payable 1,569 2,984 (5,783)
Gift card liability (7,334) 4,153 6,190
Accrued payroll 4,223 (714) (17,229)
Other accrued liabilities (6,794) (5,803) 725
Current income taxes (14,877) (7,692) 14,875
Other liabilities (8,041) 4,499 2,882
Net cash provided by operating activities 284,451 315,109 400,160
Cash flows from investing activities      
Payments for property and equipment (101,281) (102,573) (112,788)
Proceeds from sale of assets 19,873 3,157 4,256
Proceeds from note receivable 1,867 0 0
Insurance recoveries 1,747 0 0
Payment for business acquisition, net of cash acquired 0 0 (105,577)
Net cash used in investing activities (77,794) (99,416) (214,109)
Cash flows from financing activities      
Borrowings on revolving credit facility 1,016,000 250,000 256,500
Payments on revolving credit facility (588,000) (388,000) (110,000)
Purchases of treasury stock (303,239) (370,877) (284,905)
Payments on long-term debt (260,311) (3,832) (3,402)
Payments of dividends (70,009) (70,771) (74,066)
Proceeds from issuances of treasury stock 2,321 5,621 6,147
Payments for debt issuance costs (1,611) (10,216) 0
Proceeds from issuance of long-term debt 0 350,000 0
Net cash used in financing activities (204,849) (238,075) (209,726)
Net change in cash and cash equivalents 1,808 (22,382) (23,675)
Cash and cash equivalents at beginning of year 9,064 31,446 55,121
Cash and cash equivalents at end of year $ 10,872 $ 9,064 $ 31,446