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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 30, 2022
Mar. 24, 2021
Cash flows from operating activities    
Net income $ 77.4 $ 56.6
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 123.1 112.0
Stock-based compensation 15.2 11.3
Restructure and impairment charges 8.7 6.5
Net loss on disposal of assets 2.3 1.1
Other 2.6 2.7
Changes in assets and liabilities, net of the impact of acquisitions:    
Accounts receivable, net 8.0 (1.3)
Inventories (3.4) (0.4)
Restaurant supplies (1.1) (0.4)
Prepaid expenses (6.9) 2.3
Operating lease assets, net of liabilities 5.2 (9.1)
Deferred income taxes, net (3.5) (9.3)
Other assets 0.2 (0.2)
Accounts payable 4.9 19.0
Gift card liability (2.6) 1.0
Accrued payroll (14.3) 46.7
Other accrued liabilities 3.5 10.5
Current income taxes 19.6 6.4
Other liabilities (27.3) 13.2
Net cash provided by operating activities 211.6 268.6
Cash flows from investing activities    
Payments for property and equipment (109.0) (62.4)
Payments for franchise restaurant acquisitions (106.0) 0.0
Proceeds from sale leaseback transactions, net of related expenses 20.5 0.0
Proceeds from note receivable 1.0 1.5
Proceeds from sale of assets 0.1 1.6
Net cash used in investing activities (193.4) (59.3)
Cash flows from financing activities    
Borrowings on revolving credit facility 595.5 28.4
Payments on revolving credit facility (502.5) (210.0)
Purchases of treasury stock (100.8) (4.1)
Payments on long-term debt (17.6) (14.3)
Payments for debt issuance costs (3.1) (2.2)
Payments of dividends (1.1) (1.5)
Proceeds from issuance of treasury stock 0.4 14.1
Net cash used in financing activities (29.2) (189.6)
Net change in cash and cash equivalents (11.0) 19.7
Cash and cash equivalents at beginning of period 23.9 43.9
Cash and cash equivalents at end of period $ 12.9 $ 63.6