XML 15 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2017
Mar. 29, 2016
Cash flows from operating activities:    
Net income $ 9,266 $ 11,644
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16,749 15,598
Deferred income taxes 1,614 1,891
Stock-based compensation expense 1,636 1,550
Loss on disposal and impairment of assets 687 749
Changes in assets and liabilities:    
Accounts and other receivables 2,493 10,715
Landlord contribution for tenant improvements (463) 1,589
Inventories, net (285) (333)
Prepaid expenses and other current assets 562 1,150
Other assets, net (1,018) (726)
Accounts payable 1,829 252
Accrued expenses (12,137) 1,991
Deferred rent 614 652
Deferred lease incentives (465) (37)
Other liabilities 344 132
Net cash provided by operating activities 21,426 46,817
Cash flows from investing activities:    
Purchases of property and equipment (26,254) (25,333)
Net cash used in investing activities (26,254) (25,333)
Cash flows from financing activities:    
Borrowings on line of credit 528,400 200,000
Payments on line of credit (493,700) (205,000)
Excess tax benefit from stock-based compensation   45
Taxes paid on vested stock units under employee plans (235) (196)
Proceeds from exercise of stock options 159 543
Repurchases of common stock (28,995) (24,530)
Net cash provided by (used in) financing activities 5,629 (29,138)
Net increase (decrease) in cash and cash equivalents 801 (7,654)
Cash and cash equivalents, beginning of period 22,761 34,604
Cash and cash equivalents, end of period 23,562 26,950
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 2,284 2,106
Cash paid for interest, net of capitalized interest 726 325
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment acquired and included in accounts payable 7,852 11,939
Stock-based compensation capitalized [1] $ 66 $ 78
[1] Capitalized stock-based compensation relates to our restaurant development personnel and is included in "Property and equipment, net" on the Consolidated Balance Sheets.