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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Cash flows provided by operating activities:    
Net income (loss) $ 70,268 $ (52,659)
Net income from discontinued operations, net of tax 525 6,563
Net income (loss) from continuing operations 69,743 (59,222)
Adjustments to reconcile Net income (loss) from continuing operations to cash provided by operating activities of continuing operations:    
Depreciation and amortization 88,545 86,090
Amortization of debt discounts and issuance costs 1,533 1,353
Amortization of deferred gift card sales commissions 11,767 12,661
Provision for impaired assets and restaurant closings [1] 1,890 25,557
Stock-based compensation expense 3,632 2,931
Deferred income tax expense (benefit) 1,055 (7,259)
Loss on extinguishment of debt 0 135,797
Loss on foreign currency forward contracts 18,711 0
Loss from equity method investment, net of tax 3,097 0
Foreign currency translation gain on installment receivable from sale of business (14,152) 0
Other, net (1,122) (2,072)
Change in assets and liabilities (64,014) (103,742)
Net cash provided by operating activities of continuing operations 120,685 92,094
Net cash provided by operating activities of discontinued operations 2,443 24,098
Net cash provided by operating activities 123,128 116,192
Cash flows used in investing activities:    
Capital expenditures (84,297) (108,242)
Payments on foreign currency forward contracts (12,436) 0
Cash received from sale, net of tax withheld and cash left in business 95,863 0
Other investments, net 1,290 286
Net cash provided by (used in) investing activities of continuing operations 420 (107,956)
Net cash used in investing activities of discontinued operations (1,623) (23,262)
Net cash used in investing activities (1,203) (131,218)
Cash flows (used in) provided by financing activities:    
Proceeds from borrowings on revolving credit facilities 770,000 860,000
Repayments of borrowings on revolving credit facilities (860,000) (556,000)
Repayments of finance lease obligations (1,348) (882)
Principal settlements and repurchase of convertible senior notes (20,724) (2,335)
Proceeds from retirement of convertible senior note hedges 0 118,197
Payments for retirement of warrants (399) (102,213)
Payment of taxes from share-based compensation, net (610) (1,719)
Distributions to noncontrolling interests (3,451) (3,474)
Contributions from noncontrolling interests 875 668
Purchase of noncontrolling interests (100) (100)
Repurchase of common stock 0 (247,500)
Cash dividends paid on common stock (25,506) (41,837)
Net cash (used in) provided by financing activities of continuing operations (141,263) 22,805
Net cash used in financing activities of discontinued operations (65) (517)
Net cash (used in) provided by financing activities (141,328) 22,288
Effect of exchange rate changes on cash and cash equivalents (345) (3,716)
Net (decrease) increase in cash and cash equivalents (19,748) 3,546
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 50,308 117,919
Supplemental disclosures of cash flow information:    
Cash paid for interest 29,134 29,812
Cash paid for income taxes, net of refunds 22,288 14,913
Supplemental disclosures of non-cash activities:    
Leased assets obtained in exchange for new operating lease liabilities 42,892 47,846
Leased assets obtained in exchange for new finance lease liabilities 5,629 7
Capital expenditures included in current liabilities 20,090 37,668
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] For the thirteen and twenty-six weeks ended June 30, 2024, primarily related to the Q2 2024 decision to close nine restaurants in Hong Kong and the closure of 36 predominantly older, underperforming U.S. restaurants (the “2023 Restaurant Closures”).