XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jul. 02, 2024
Jul. 04, 2023
Cash flows from operating activities:    
Net income $ 85,635 $ 70,725
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization expenses 49,716 46,287
Impairment of assets and lease termination (income)/expense 606 (768)
Deferred income taxes 2,511 2,469
Stock-based compensation 14,475 12,227
Payment of deferred consideration and compensation in excess of acquisition-date fair value (6,506)  
Changes in assets and liabilities:    
Accounts and other receivables 28,462 31,740
Income taxes receivable/payable (4,185) (1,216)
Inventories (13,342) (5,306)
Prepaid expenses (5,958) (4,240)
Operating lease assets/liabilities (16,729) (12,218)
Other assets (8,838) (7,107)
Accounts payable 4,351 627
Gift card liabilities (30,568) (32,328)
Other accrued expenses (5,185) 624
Cash provided by operating activities 94,445 101,516
Cash flows from investing activities:    
Additions to property and equipment (66,297) (62,660)
Additions to intangible assets (680) (392)
Other 173 (156)
Cash used in investing activities (66,804) (63,208)
Cash flows from financing activities:    
Acquisition-related deferred consideration and compensation   (12,994)
Common stock dividends paid (26,693) (26,998)
Treasury stock purchases (16,365) (21,695)
Cash used in financing activities (43,058) (61,687)
Foreign currency translation adjustment (219) 159
Net change in cash and cash equivalents (15,636) (23,220)
Cash and cash equivalents at beginning of period 56,290 114,777
Cash and cash equivalents at end of period 40,654 91,557
Supplemental disclosures:    
Interest paid 7,348 5,308
Income taxes paid 11,122 5,175
Construction payable $ 17,965 $ 14,752