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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Cash flows provided by operating activities:    
Net income (loss) $ 43,596 $ (82,290)
Net (loss) income from discontinued operations, net of tax (254) 2,908
Net income (loss) from continuing operations 43,850 (85,198)
Adjustments to reconcile Net income (loss) from continuing operations to cash provided by operating activities of continuing operations:    
Depreciation and amortization 43,947 42,700
Amortization of debt discounts and issuance costs 779 734
Amortization of deferred gift card sales commissions 6,897 7,498
Provision for impaired assets and restaurant closings 350 10,873 [1]
Stock-based compensation expense 1,229 2,448
Deferred income tax expense 2,292 1,077
Loss on extinguishment of debt 0 135,797
Loss on foreign currency forward contracts 10,250 0
Loss from equity method investment, net of tax 1,291 0
Foreign currency translation gain on installment receivable from sale of business (7,922) 0
Interest income on installment receivable from sale of business (3,420) 0
Other, net 662 (2,114)
Change in assets and liabilities (29,365) (46,936)
Net cash provided by operating activities of continuing operations 70,840 66,879
Net cash provided by operating activities of discontinued operations 2,625 6,907
Net cash provided by operating activities 73,465 73,786
Cash flows provided by (used in) investing activities:    
Capital expenditures (45,771) (53,768)
Payments on foreign currency forward contracts (9,885) 0
Cash received from sale, net of tax withheld and cash left in business 95,863 0
Other investments, net 1,149 287
Net cash provided by (used in) investing activities of continuing operations 41,356 (53,481)
Net cash used in investing activities of discontinued operations (1,623) (11,104)
Net cash provided by (used in) investing activities 39,733 (64,585)
Cash flows (used in) provided by financing activities:    
Proceeds from borrowings on revolving credit facilities 385,000 550,000
Repayments of borrowings on revolving credit facilities (495,000) (296,000)
Repayments of long-term debt and finance lease obligations (636) (440)
Principal settlements and repurchase of convertible senior notes 0 (2,335)
Proceeds from retirement of convertible senior note hedges 0 118,197
Payments for retirement of warrants 0 (102,213)
Payment of taxes from share-based compensation, net (565) (2,397)
Distributions to noncontrolling interests (1,800) (2,043)
Contributions from noncontrolling interests 673 330
Purchase of noncontrolling interests (100) (100)
Repurchase of common stock 0 (232,903)
Cash dividends paid on common stock (12,747) (21,075)
Net cash (used in) provided by financing activities of continuing operations (125,175) 9,021
Net cash used in financing activities of discontinued operations (65) (263)
Net cash (used in) provided by financing activities (125,240) 8,758
Effect of exchange rate changes on cash and cash equivalents (323) (668)
Net (decrease) increase in cash and cash equivalents (12,365) 17,291
Cash and cash equivalents as of the beginning of the period 70,056 114,373
Cash and cash equivalents as of the end of the period 57,691 131,664
Supplemental disclosures of cash flow information:    
Cash paid for interest 10,537 10,011
Cash paid for income taxes, net of refunds 15,802 3,189
Supplemental disclosures of non-cash investing and financing activities:    
Leased assets obtained in exchange for new operating lease liabilities 36,008 25,679
Leased assets obtained in exchange for new finance lease liabilities 3,692 3
Capital expenditures included in current liabilities 23,620 36,909
Shares issued on settlement of convertible senior notes 0 216,152
Shares received and retired on exercise of call option under bond hedge upon settlement of convertible senior notes $ 0 $ (8,346)
[1] Primarily related to the closure of 36 predominantly older, underperforming U.S. restaurants (the “2023 Restaurant Closures”). Activity for the thirteen weeks ended March 30, 2025 is immaterial.