| Dec'19 | Jan'19 | Jan'18 | Jan'17 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
127,293 | 99,035 | 157,392 | 139,494 | 116,523 | 101,276 | 114,356 | 98,423 | 95,720 | 81,713 | 42,833 | 52,293 |
Adjustments to reconcile net income to cash provided by operating activities: | |||||||||||
Depreciation and amortization expenses | |||||||||||
88,133 | 95,976 | 92,729 | 88,010 | 85,563 | 82,835 | 78,558 | 74,433 | 71,958 | 72,140 | 75,184 | 73,290 |
Impairment of assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | 26,541 | 2,952 |
Deferred income taxes | |||||||||||
-2,197 | -5,510 | -25,180 | -1,005 | 1,184 | 204 | 4,633 | -12,758 | 7,907 | -4,087 | -4,798 | 22,179 |
Impairment of assets and lease terminations | |||||||||||
16,223 | 16,411 | 10,586 | 114 | 6,011 | 245 | 3,294 | 5,469 | 1,547 | - | - | - |
Realized loss on derivative financial instruments | |||||||||||
- | - | - | - | - | - | - | - | - | -7,376 | -7,421 | - |
Stock-based compensation | |||||||||||
19,373 | 19,988 | 16,457 | 21,473 | 20,053 | 16,817 | 14,135 | 10,838 | 9,635 | 10,913 | 14,610 | 13,132 |
Tax impact of stock options exercised, net of cancellations | |||||||||||
- | - | - | 13,722 | 12,501 | 8,906 | 7,159 | 2,435 | 844 | 233 | -1,117 | -822 |
Gain/(loss) from investments in unconsolidated affiliates | |||||||||||
39,233 | -4,754 | -479 | - | - | - | - | - | - | - | - | - |
Excess tax benefit related to stock options exercised | |||||||||||
- | - | - | - | - | 8,861 | 7,765 | 2,801 | 741 | 3,357 | 857 | 410 |
Other | |||||||||||
- | - | - | -3,592 | -2,615 | -2,059 | 464 | -1,259 | -1,023 | -178 | -1,957 | -145 |
Changes in assets and liabilities, net of acquired amounts | |||||||||||
Accounts and other receivables | |||||||||||
-3,777 | -3,680 | 7,188 | - | - | - | - | - | - | - | - | - |
Income taxes receivable/payable | |||||||||||
-5,338 | 15,729 | -17,315 | 21,837 | -1,356 | -12,854 | -5,742 | 6,685 | -1,632 | -1,964 | 7,865 | -9,281 |
Accounts receivable | |||||||||||
- | - | - | 1,473 | -1,011 | 5,079 | -4,477 | 3,224 | -4,850 | 4,832 | -1,185 | 1,190 |
Other receivables | |||||||||||
- | - | - | -8,066 | 10,331 | 6,867 | 6,486 | 16,004 | 4,800 | -179 | -5,346 | -28,224 |
Inventories | |||||||||||
5,766 | -3,667 | 7,634 | 916 | 755 | -2,223 | 6,642 | 626 | 5,174 | 834 | -930 | -926 |
Prepaid expenses | |||||||||||
4,133 | -6,262 | 5,227 | 10,462 | 3,743 | -4,362 | 2,708 | 3,389 | 8,153 | 474 | 3,217 | -3,225 |
Operating lease assets/liabilities | |||||||||||
-5,019 | - | - | - | - | - | - | - | - | - | - | - |
Other assets | |||||||||||
11,989 | -7,406 | 9,034 | 2,818 | 5,799 | 3,645 | 3,997 | 6,533 | 545 | -562 | -6,725 | -2,654 |
Accounts payable | |||||||||||
2,326 | 5,601 | 3,771 | 752 | -12,931 | 18,180 | -11,580 | 10,839 | 3,508 | -1,297 | -3,927 | -20,047 |
Gift Card Liabilities | |||||||||||
9,695 | 8,395 | 10,200 | - | - | - | - | - | - | - | - | - |
Termination of derivative financial instruments | |||||||||||
- | - | - | - | - | - | - | - | - | 7,376 | 7,421 | - |
Other accrued expenses | |||||||||||
15,578 | 9,921 | 18,760 | 35,995 | 37,186 | 39,848 | 23,557 | 30,325 | 20,117 | 17,984 | 29,587 | 2,205 |
Cash provided by operating activities | |||||||||||
218,761 | 291,315 | 238,796 | 316,381 | 247,732 | 239,649 | 204,785 | 195,371 | 196,064 | 167,057 | 198,847 | 169,185 |
Cash flows from investing activities: | |||||||||||
Additions to property and equipment | |||||||||||
73,765 | 102,909 | 120,779 | 115,821 | 153,941 | 113,982 | 106,289 | 86,442 | 76,746 | 41,847 | 37,243 | 84,907 |
Additions to intangible assets | |||||||||||
2,100 | 3,020 | 1,654 | 1,640 | 1,760 | 1,879 | 1,654 | 1,712 | 870 | 1,821 | 1,712 | - |
Acquisition, net of cash acquired | |||||||||||
261,695 | - | - | - | - | - | - | - | - | - | - | - |
Investments in unconsolidated affiliates | |||||||||||
3,000 | 25,000 | 18,000 | 42,000 | - | - | - | - | - | - | - | - |
loans made to unconsolidated Affiliates | |||||||||||
22,500 | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from variable life insurance contract | |||||||||||
- | 540 | - | - | - | - | - | - | - | - | - | - |
Sales of available-for-sale securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,000 | 11,469 |
Cash used in investing activities | |||||||||||
-363,060 | -130,389 | -140,433 | -159,461 | -155,701 | -115,861 | -107,943 | -88,154 | -77,616 | -43,668 | -37,955 | -73,438 |
Cash flows from financing activities: | |||||||||||
Deemed landlord financing proceeds | |||||||||||
- | 21,788 | 12,128 | 17,246 | 14,266 | 14,143 | 13,672 | 2,098 | 5,070 | 4,198 | 6,354 | 17,862 |
Deemed landlord financing payments | |||||||||||
- | 5,128 | 4,391 | 3,721 | 3,118 | 2,650 | 2,143 | 1,887 | 1,687 | 1,529 | 1,436 | 1,247 |
Borrowings on credit facility | |||||||||||
335,000 | 70,000 | 85,000 | 35,000 | 60,000 | 25,000 | - | - | - | - | - | - |
Repayments on credit facility | |||||||||||
55,000 | 70,000 | 75,000 | 35,000 | 60,000 | 25,000 | - | - | - | 100,000 | 175,000 | - |
Proceeds from exercise of stock options | |||||||||||
7,724 | 8,576 | 9,036 | 28,378 | 27,997 | 22,940 | 72,896 | 39,283 | 16,146 | 30,577 | 1,683 | 2,669 |
Excess tax benefit related to stock options exercised | |||||||||||
- | - | - | - | - | 8,861 | 7,765 | 2,801 | 741 | 3,357 | 857 | 410 |
Cash dividends paid | |||||||||||
60,722 | 56,251 | 49,889 | 42,371 | 35,969 | 30,332 | 27,191 | 12,762 | - | - | - | - |
Repayment of credit facility | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -100,000 |
Treasury stock purchases | |||||||||||
50,982 | 109,276 | 122,975 | 146,467 | 109,371 | 140,483 | 183,659 | 101,392 | 172,126 | 52,088 | - | 172,459 |
Cash provided/(used) in financing activities | |||||||||||
176,020 | -140,291 | -146,091 | -146,935 | -106,195 | -127,521 | -118,660 | -71,859 | -151,856 | -115,485 | -167,542 | -52,249 |
Capital contribution | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 516 |
Foreign currency translation adjustment | |||||||||||
117 | -65 | -103 | - | - | - | - | - | - | - | - | - |
Net change in cash and cash equivalents | |||||||||||
31,838 | 20,570 | -47,831 | 9,985 | -14,164 | -3,733 | -21,818 | 35,358 | -33,408 | 7,904 | -6,650 | 43,498 |
Supplemental disclosures: | |||||||||||
Interest paid | |||||||||||
1,646 | 8,156 | 7,128 | 6,038 | 6,057 | 5,430 | 4,602 | 4,434 | 4,250 | 17,492 | 24,486 | 14,864 |
Income taxes paid | |||||||||||
20,778 | 10,149 | 31,582 | 17,932 | 30,410 | 41,074 | 37,259 | 40,954 | 27,246 | 31,038 | 18,576 | 8,612 |
Construction payable | |||||||||||
6,504 | 4,585 | 12,145 | 6,541 | 13,500 | 10,124 | 6,397 | 4,666 | 4,993 | - | - | - |
Non-cash operating: | |||||||||||
Settlement of sale-leaseback accounting | |||||||||||
- | 11,863 | - | - | - | - | - | - | - | - | - | - |
Non-cash investing: | |||||||||||
Settlement of landlord sale-leaseback accounting | |||||||||||
- | 6,824 | - | - | - | - | - | - | - | - | - | - |
Acquisition-related deferred consideration and compensation | |||||||||||
66,257 | - | - | - | - | - | - | - | - | - | - | - |
Fair value of previously held equity investments | |||||||||||
122,000 | - | - | - | - | - | - | - | - | - | - | - |
Loans repaid by unconsolidated affiliates as a reduction of acquisition cash | |||||||||||
12,500 | - | - | - | - | - | - | - | - | - | - | - |
Loan to unconsolidated affiliate assumed in acquisition | |||||||||||
10,000 | - | - | - | - | - | - | - | - | - | - | - |
Non-cash financing: | |||||||||||
Settlement of landlord financing obligation for sale-leaseback leases | |||||||||||
- | -18,687 | - | - | - | - | - | - | - | - | - | - |
Deemed landlord financing proceeds | |||||||||||
- | 13,748 | - | - | - | - | - | - | - | - | - | - |