XML 21 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 26, 2024
Jun. 28, 2023
OPERATING ACTIVITIES    
Net income (including amounts attributable to non-controlling interests) $ 12,596 $ 5,601
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 50,937 43,574
Amortization of debt issuance costs 524 524
Amortization of cloud computing assets 1,048 880
Non-cash operating lease cost 37,655 32,598
Equity-based compensation 7,381 7,734
Deferred income taxes 1,311 2,733
Non-cash interest (128) 99
Gain on sale of equity securities 0 (81)
Net amortization of discount on held-to-maturity securities (434) (89)
Impairment and loss on disposal of assets 1,571 1,606
Changes in operating assets and liabilities:    
Accounts receivable 933 (455)
Inventories 210 (490)
Prepaid expenses and other current assets (864) (519)
Other assets (1,219) (3,217)
Accounts payable (1,084) (3,939)
Accrued expenses 4,409 39
Accrued wages and related liabilities 1,639 592
Other current liabilities (732) (2,081)
Operating lease liabilities (32,553) (25,584)
Other long-term liabilities 1,010 2,666
NET CASH PROVIDED BY OPERATING ACTIVITIES 84,210 62,191
INVESTING ACTIVITIES    
Purchases of property and equipment (65,992) (74,755)
Purchases of held-to-maturity securities 0 (91,448)
Maturities of held-to-maturity marketable securities 66,420 0
Purchases of equity securities 0 (690)
Sales of equity securities 0 81,478
NET CASH USED IN INVESTING ACTIVITIES 428 (85,415)
FINANCING ACTIVITIES    
Payments on principal of finance leases (1,918) (1,504)
Distributions paid to non-controlling interest holders (145) (52)
Net proceeds from stock option exercises 552 630
Employee withholding taxes related to net settled equity awards (5,941) (2,670)
NET CASH USED IN FINANCING ACTIVITIES (7,452) (3,596)
Effect of exchange rate changes on cash and cash equivalents (1) (4)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 77,185 (26,824)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 224,653 230,521
CASH AND CASH EQUIVALENTS AT END OF PERIOD 301,838 203,697
0% Convertible Senior Notes Due 2028 | Senior Notes | Private Placement    
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt issuance costs $ 524 $ 524