XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Oct. 01, 2024
Cash flows from operating activities:    
Net income $ 119,652 $ 115,629
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization expenses 80,361 75,015
Impairment of assets and lease termination (income)/expenses (17) (2,380)
Loss on debt extinguishment 15,891  
Deferred income taxes 5,401 3,907
Stock-based compensation 20,442 21,496
Payment of deferred consideration and compensation in excess of acquisition-date fair value (8,714) (6,506)
Changes in assets and liabilities:    
Accounts and other receivables 20,694 31,465
Income taxes receivable/payable (675) (8,310)
Inventories 1,116 (12,159)
Prepaid expenses (4,612) 1,853
Operating lease assets/liabilities (13,076) (28,310)
Other assets (15,492) (14,661)
Accounts payable (4,703) 2,379
Gift card liabilities (37,462) (38,655)
Other accrued expenses 47,568 33,561
Cash provided by operating activities 226,374 174,324
Cash flows from investing activities:    
Additions to property and equipment (121,048) (120,512)
Additions to intangible assets (906) (838)
Other   321
Cash used in investing activities (121,954) (121,029)
Cash flows from financing activities:    
Repayments on credit facility (110,000)  
Proceeds from long-term convertible debt 575,000  
Repayment on long-term convertible debt, including premium on extinguishment (289,800)  
Issuance costs associated with long-term debt (16,503)  
Proceeds from exercise of stock options 24,608  
Common stock dividends paid (39,410) (39,804)
Treasury stock purchases, inclusive of excise tax (142,722) (17,465)
Cash provided by/(used in) financing activities 1,173 (57,269)
Foreign currency translation adjustment 209 (101)
Net change in cash and cash equivalents 105,802 (4,075)
Cash and cash equivalents at beginning of period 84,176 56,290
Cash and cash equivalents at end of period 189,978 52,215
Supplemental disclosures:    
Interest paid 8,382 9,936
Income taxes paid 7,672 15,975
Construction payable $ 15,920 $ 13,952