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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 97,176 $ 81,111 $ 97,864
Adjustments to reconcile net income to cash flows provided by operating activities:      
Depreciation and amortization 35,630 37,952 39,885
Non-cash stock-based compensation expense 11,990 16,131 11,577
Non-cash closure and impairment charges 3,594 2,927 5,324
Non-cash interest expense 3,505 3,226 2,818
Deferred income taxes (13,822) (1,071) (2,065)
Deferred revenue (4,224) (4,474) (6,573)
Loss (gain) on extinguishment of debt 10 (210) 34
Loss (gain) on disposition of assets 2,359 (2,536) 2,041
Other (3,552) (5,160) (1,593)
Changes in operating assets and liabilities:      
Accounts receivable, net 1,913 (2,574) 7,301
Deferred rent receivable 9,003 7,928 6,192
Current income tax receivables and payables 1,160 8,326 (3,837)
Operating lease assets and liabilities 7,256 (11,823) (18,212)
Gift card receivables and payables 5,095 2,783 14,759
Other current assets 1,911 (12,706) (629)
Accounts payable (16,027) (3,665) 13,131
Accrued employee compensation and benefits (1,748) (16,264) 19,714
Accrued advertising expenses (14,711) (10,020) 12,111
Other current liabilities 4,622 (545) (4,007)
Cash flows provided by operating activities 131,140 89,336 195,835
Cash flows from investing activities      
Principal receipts from notes, equipment contracts and other long-term receivables 9,319 17,057 20,230
Net additions to property and equipment (37,172) (35,318) (16,849)
Proceeds from sale of property and equipment 10 17,028 946
Additions to long-term receivables (1,069) (1,069) 0
Acquisition of business, net of cash acquired (101) (78,264) 0
Other (1,084) (338) (466)
Cash flows (used in) provided by investing activities (30,097) (80,904) 3,861
Cash flows from financing activities      
Proceeds from issuance of long-term debt 530,000 100,000 0
Repayment of long-term debt (651,713) (38,768) (9,750)
Repayments of revolving credit facility (30,000) 0 (220,000)
Payment of debt issuance costs (8,044) (6,289) 0
Dividends paid on common stock (31,715) (30,765) 0
Repurchase of common stock (26,130) (120,452) (4,191)
Principal payments of finance lease and financing obligations (6,431) (8,946) (10,238)
Proceeds from stock options exercised 3,812 241 25,337
Repurchase of restricted stock for tax payments upon vesting (4,355) (2,867) (1,771)
Tax payments for share settlement of restricted stock units (859) (955) (9,783)
Cash flows used in financing activities (225,435) (108,801) (230,396)
Net change in cash, cash equivalents and restricted cash (124,392) (100,369) (30,700)
Cash, cash equivalents and restricted cash at beginning of year 324,984 425,353 456,053
Cash, cash equivalents and restricted cash at end of year 200,592 324,984 425,353
Supplemental disclosures      
Interest paid 73,976 64,599 65,229
Income taxes paid 28,409 28,085 31,300
Non-cash conversion of accounts receivable to notes receivable 1,367 84 4,258
Non-cash balance sheet gross-up of receivables and other accrued expenses $ (11,000) $ 0 $ 0