XML 27 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Oct. 02, 2022
Cash flows from operating activities:      
Net (loss) earnings $ (36,695) $ 130,826 $ 115,781
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 59,776 62,287 56,100
Amortization of franchise tenant improvement allowances and incentives 4,998 4,647 4,446
Deferred finance cost amortization 4,830 5,040 5,496
Loss on extinguishment of debt 0 0 7,700
Excess tax deficiency from share-based compensation arrangements 51 71 123
Deferred income taxes (10,812) (11,989) 7,857
Share-based compensation expense 13,471 11,205 7,122
Pension and postretirement expense 6,843 6,967 303
(Gains) losses on cash surrender value of company-owned life insurance (16,480) (7,346) 12,668
Gains on the sale of company-operated restaurants (3,255) (17,998) (3,878)
Gains on acquisition of restaurants (2,702) 0 0
Losses (gains) on the disposition of property and equipment, net 185 (8,171) (30,533)
Impairment charges and other 171,415 6,217 8,219
Changes in assets and liabilities, excluding acquisitions and dispositions:      
Accounts and other receivables 19,905 (4,048) (18,143)
Inventories (25) 1,367 304
Prepaid expenses and other current assets (297) (1,422) (3,275)
Operating lease right-of-use assets and lease liabilities 22,705 2,364 2,593
Accounts payable (15,404) (1,692) 16,243
Accrued liabilities (135,159) 47,459 (9,081)
Pension and postretirement contributions (5,937) (6,241) (6,690)
Franchise tenant improvement allowance and incentive disbursements (2,486) (3,265) (2,989)
Other (6,111) (1,272) (7,484)
Cash flows provided by operating activities 68,816 215,006 162,882
Cash flows from investing activities:      
Purchases of property and equipment (115,474) (74,954) (46,475)
Proceeds from the sale and leaseback of assets 1,728 3,673 10,768
Acquisition of Del Taco, net of cash acquired 0 0 (580,793)
Proceeds from the sale of company-operated restaurants (19,400) (85,221) (6,391)
Proceeds from the sale of property and equipment 24,975 25,214 31,161
Other 0 3,065 360
Cash flows (used in) provided by investing activities (69,371) 42,219 (578,588)
Cash flows from financing activities:      
Borrowings on revolving credit facilities 6,000 0 68,000
Repayments of borrowings on revolving credit facilities 0 (50,000) (18,000)
Proceeds from issuance of debt 0 0 1,100,000
Principal repayments on debt (29,892) (30,109) (588,064)
Debt issuance costs 0 0 (20,599)
Dividends paid on common stock (33,972) (35,890) (36,987)
Proceeds from issuance of common stock 2 263 51
Repurchases of common stock (70,000) (90,029) (25,000)
Payroll tax payments for equity award issuances (3,323) (1,593) (1,223)
Cash flows (used in) provided by financing activities (131,185) (207,358) 478,178
Net (decrease) increase in cash and restricted cash (131,740) 49,867 62,472
Cash and restricted cash at beginning of year 185,907 136,040 73,568
Cash and restricted cash at end of year $ 54,167 $ 185,907 $ 136,040