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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 4 Months Ended
Jan. 19, 2025
Jan. 21, 2024
Cash flows from operating activities:    
Net earnings $ 33,686 $ 38,683
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 18,270 18,473
Amortization of franchise tenant improvement allowances and incentives 1,655 1,418
Deferred finance cost amortization 1,473 1,493
Excess tax deficiency (benefit) from share-based compensation arrangements 1,111 (9)
Deferred income taxes (5,018) (719)
Share-based compensation expense 3,689 4,820
Pension and post-retirement expense 1,789 2,106
Gains on cash surrender value of company-owned life insurance (189) (6,161)
(Gains) losses on the sale of company-operated restaurants (2,806) 254
Gains on acquisition of restaurants [1] (6) (2,357)
Losses on the disposition of property and equipment, net [2] 521 1,011
Impairment charges and other 736 28
Changes in assets and liabilities:    
Accounts and other receivables 17,822 40,139
Inventories 66 (484)
Prepaid expenses and other current assets (1,892) 9,587
Operating lease right-of-use assets and lease liabilities (5,788) 12,208
Accounts payable 4,776 (13,826)
Accrued liabilities 6,684 (125,861)
Pension and post-retirement contributions (2,218) (1,698)
Franchise tenant improvement allowance and incentive disbursements (1,924) (523)
Other 33,219 (1,257)
Cash flows provided by (used in) operating activities 105,656 (22,675)
Cash flows from investing activities:    
Purchases of property and equipment (35,099) (38,829)
Proceeds from the sale of property and equipment 0 516
Proceeds from the sale of company-operated restaurants 5,712 1,739
Other 3,303 0
Cash flows used in investing activities (26,084) (36,574)
Cash flows from financing activities:    
Repayments of borrowings on revolving credit facilities (6,000) 0
Principal repayments on debt (7,464) (7,481)
Dividends paid on common stock (8,308) (8,652)
Proceeds from issuance of common stock 1 1
Repurchases of common stock (4,999) (25,000)
Payroll tax payments for equity award issuances (2,336) (2,992)
Cash flows used in financing activities (29,106) (44,124)
Net increase (decrease) in cash and restricted cash 50,466 (103,373)
Cash and restricted cash at beginning of period 54,167 185,907
Cash and restricted cash at end of period $ 104,633 $ 82,534
[1] .
[2] In 2024, loss on disposition of property and equipment primarily related to the lease termination and early closures of Del Taco restaurants. In 2025, the amount is primarily related to retirements in connection with reimage projects.