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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 40,655 $ 45,658
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 19,395 17,651
Non-cash closure and impairment charges 1,076 1,296
Non-cash stock-based compensation expense 8,757 5,309
Non-cash interest expense 1,619 1,935
Loss on extinguishment of debt 0 10
Deferred income taxes (1,931) (2,939)
Deferred revenue (3,387) (1,730)
(Gain) loss on disposition of assets (63) 2,118
Other (940) 88
Changes in operating assets and liabilities:    
Receivables, net 6,085 (285)
Deferred rent receivable 4,438 4,651
Current income tax receivables and payables 487 (3,006)
Gift card receivables and payables (6,228) (6,204)
Other current assets 4,472 4,502
Accounts payable (2,260) (13,307)
Operating lease assets and liabilities (6,569) 3,806
Accrued employee compensation and benefits (8,948) (10,170)
Accrued advertising (1,941) (13,177)
Other current liabilities (2,538) 6,478
Cash flows provided by operating activities 52,179 42,684
Cash flows from investing activities:    
Principal receipts from notes, equipment contracts and other long-term receivables 7,542 6,261
Additions to property and equipment (6,779) (22,787)
Proceeds from sale of property and equipment 81 0
Additions to long-term receivables (1,790) 0
Other (126) (46)
Cash flows used in investing activities (1,072) (16,572)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0 500,000
Repayment of long-term debt 0 (651,713)
Borrowing from revolving credit facility 0 15,000
Repayment of revolving credit facility 0 (15,000)
Payment of debt issuance costs 0 (7,967)
Dividends paid on common stock (15,707) (15,970)
Repurchase of common stock (12,000) (14,017)
Principal payments on finance lease and financing obligations (3,080) (3,623)
Proceeds from stock options exercised 0 3,812
Repurchase of restricted stock for tax payments upon vesting (2,486) (3,941)
Tax payments for share settlement of restricted stock units (30) (859)
Other (5) 0
Cash flows used in financing activities (33,308) (194,278)
Net change in cash, cash equivalents and restricted cash 17,799 (168,166)
Cash, cash equivalents and restricted cash at beginning of period 200,592 324,984
Cash, cash equivalents and restricted cash at end of period 218,391 156,818
Supplemental disclosures:    
Interest paid in cash 39,711 34,818
Income taxes paid in cash 22,872 21,400
Non-cash conversion of accounts receivable to notes receivable 1,296 0
Non-cash balance sheet gross-up of receivables and other accrued expenses $ 11,000 $ 0