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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 59,716 $ 64,137
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 29,049 26,221
Non-cash closure and impairment charges 1,442 3,088
Non-cash stock-based compensation expense 12,572 8,167
Non-cash interest expense 2,448 2,714
Loss on extinguishment of debt 0 10
Deferred income taxes (3,335) (3,582)
Deferred revenue (3,431) (2,590)
(Gain) loss on disposition of assets (57) 2,309
Other (2,894) (1,577)
Changes in operating assets and liabilities:    
Receivables, net 6,937 6,354
Deferred rent receivable 6,605 6,792
Current income tax receivable and payable 1,352 (186)
Gift card receivable and payable (13,060) (13,588)
Other current assets 7,624 6,358
Accounts payable (2,100) (15,527)
Operating lease assets and liabilities (9,716) 2,438
Accrued employee compensation and benefits (11,033) (4,447)
Accrued advertising (1,827) (9,750)
Other current liabilities (2,598) 1,965
Cash flows provided by operating activities 77,694 79,306
Cash flows from investing activities:    
Principal receipts from notes, equipment contracts and other long-term receivables 10,388 6,686
Additions to property and equipment (10,305) (31,968)
Proceeds from sale of property and equipment 305 0
Additions to long-term receivables (649) (1,237)
Other (400) (113)
Cash flows used in investing activities (661) (26,632)
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 30,000
Repayment of revolving credit facility 0 (30,000)
Payment of debt issuance costs 0 (8,044)
Dividends paid on common stock (23,513) (31,740)
Repurchase of common stock (12,000) (20,017)
Principal payments on finance lease and financing obligations (4,396) (5,329)
Proceeds from stock options exercised 0 3,812
Repurchase of restricted stock for tax payments upon vesting (2,573) (4,139)
Tax payments for share settlement of restricted stock units (30) (859)
Other (3) 0
Cash flows used in financing activities (42,515) (218,029)
Net change in cash, cash equivalents and restricted cash 34,518 (165,355)
Cash, cash equivalents and restricted cash at beginning of period 200,592 324,984
Cash, cash equivalents and restricted cash at end of period 235,110 159,629
Supplemental disclosures:    
Interest paid in cash 59,538 54,032
Income taxes paid in cash 31,392 25,774
Non-cash conversion to notes receivable 3,130 969
Non-cash balance sheet gross-up of receivables and other accrued expenses $ 11,000 $ 0