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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 31,009 $ 52,820
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,935 10,023
Depreciation and amortization – other expenses from franchised and managed properties 7,028 9,276
Franchise agreement acquisition cost amortization 6,185 4,637
Non-cash share-based compensation and other charges 10,597 10,630
Non-cash interest, investments, and affiliate loss (income), net 2,510 (1,442)
Deferred income taxes (736) 7,566
Equity in net loss of affiliates, less distributions received 1,200 421
Franchise agreement acquisition costs, net of reimbursements (33,486) (28,092)
Change in working capital and other (33,501) (53,806)
Net cash provided by operating activities 1,741 12,033
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in property and equipment (32,777) (19,566)
Investments in intangible assets (1,439) (1,097)
Contributions to investments in affiliates (9,317) (3,620)
Proceeds from the sale of affiliates 0 868
Purchases of investments for employee benefit plans (1,633) (2,670)
Proceeds from sales of investments for employee benefit plans 1,591 716
Proceeds from sales of equity securities 1,230 0
Issuances of notes receivable (1,042) (3,660)
Collections of notes receivable 884 337
Other items, net (233) (771)
Net cash used in investing activities (42,736) (29,463)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings pursuant to revolving credit facilities 126,500 176,000
Debt issuance costs 0 (755)
Purchases of treasury stock (59,459) (160,488)
Dividends paid (14,728) (12,821)
Proceeds from the exercise of stock options 4,160 5,504
Net cash provided by financing activities 56,473 7,440
Net change in cash and cash equivalents 15,478 (9,990)
Effect of foreign exchange rate changes on cash and cash equivalents (121) 103
Cash and cash equivalents, beginning of period 26,754 41,566
Cash and cash equivalents, end of period 42,111 31,679
Cash payments during the period for    
Income taxes, net of refunds 2,327 1,603
Interest, net of capitalized interest 19,596 13,396
Non-cash investing and financing activities    
Dividends declared but not paid 14,147 14,985
Investments in property, equipment, and intangible assets recognized in accounts payable and accrued expense liabilities $ 14,020 $ 6,704