|
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Apr. 14, 2013
|
Apr. 15, 2012
|
| Cash flows from operating activities: |
|
|
| Net earnings |
$ 33,979 |
$ 33,582 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
52,590 |
51,874 |
| Deferred finance cost amortization |
1,249 |
1,431 |
| Deferred income taxes |
2,536 |
(2,560) |
| Share-based compensation expense |
7,599 |
3,562 |
| Pension and postretirement expense |
16,772 |
14,372 |
| Gains on cash surrender value of company-owned life insurance |
(5,669) |
(8,427) |
| Gains on the sale of company-operated restaurants |
1,670 |
(15,200) |
| (Gains) losses on the disposition of property and equipment |
416 |
2,858 |
| Impairment charges and other |
4,828 |
2,109 |
| Loss on early retirement of debt |
939 |
0 |
| Changes in assets and liabilities, excluding acquisitions and dispositions: |
|
|
| Accounts and other receivables |
25,227 |
(8,680) |
| Inventories |
25,883 |
5,213 |
| Prepaid expenses and other current assets |
751 |
(4,627) |
| Accounts payable |
(32,036) |
(6,178) |
| Accrued liabilities |
(4,256) |
6,237 |
| Pension and postretirement contributions |
(7,052) |
(6,573) |
| Other |
(3,821) |
595 |
| Cash flows provided by operating activities |
121,605 |
69,588 |
| Cash flows from investing activities: |
|
|
| Purchases of property and equipment |
(41,754) |
(40,609) |
| Purchases of assets intended for sale and leaseback |
(25,165) |
(22,000) |
| Proceeds from sale and leaseback of assets |
22,892 |
9,312 |
| Proceeds from the sale of company-operated restaurants |
2,866 |
21,964 |
| Collections on notes receivable |
2,987 |
9,669 |
| Disbursements for loans to franchisees |
0 |
(3,977) |
| Acquisitions of franchise-operated restaurants |
(11,014) |
(39,195) |
| Other |
3,694 |
244 |
| Cash flows used in investing activities |
(45,494) |
(64,592) |
| Cash flows from financing activities: |
|
|
| Borrowings on revolving credit facilities |
479,000 |
333,020 |
| Repayments of borrowings on revolving credit facilities |
(539,000) |
(308,324) |
| Proceeds from issuance of debt |
200,000 |
0 |
| Principal repayments on debt |
(170,540) |
(10,662) |
| Debt issuance costs |
(4,392) |
(741) |
| Proceeds from issuance of common stock |
37,113 |
2,015 |
| Repurchases of common stock |
40,465 |
6,901 |
| Excess tax benefits from share-based compensation arrangements |
599 |
287 |
| Change in book overdraft |
(36,693) |
(13,806) |
| Cash flows provided by (used in) financing activities |
(74,378) |
(5,112) |
| Net increase in cash and cash equivalents |
1,733 |
(116) |
| Cash and cash equivalents at beginning of period |
8,469 |
11,424 |
| Cash and cash equivalents at end of period |
$ 10,202 |
$ 11,308 |