XML 22 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Dec. 29, 2019
Operating activities:      
Net income (loss) $ 10,370 $ (10,211) $ (84,386)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Gain on disposals of property and equipment, net (124) (3,267) (6)
Stock-based compensation 6,076 3,484 2,844
Impairment and other lease charges 1,670 9,139 13,101
Goodwill impairment 0 0 67,909
Loss on extinguishment of debt 5,307 1,241 0
Gain on sale of Taco Cabana (24,979) 0 0
Depreciation and amortization 28,373 38,206 39,195
Amortization of deferred financing costs 526 437 270
Deferred income taxes (4,384) (650) 10,888
Changes in other operating assets and liabilities:      
Accounts receivable 525 (951) 640
Prepaid expenses and other current assets (454) 340 364
Operating lease right-of-use assets 18,245 24,213 23,780
Other non-current assets (1,955) 3,396 (1,360)
Accounts payable (1,301) 1,309 504
Accrued payroll, related taxes and benefits (3,952) 4,370 (220)
Accrued real estate taxes (1,861) 103 626
Other current liabilities (1,633) (3,396) (2,618)
Operating lease liabilities (18,290) (23,264) (19,765)
Other non-current liabilities (3,633) 2,166 (162)
Income tax receivable/payable 5,553 (5,578) 14,036
Other (23) (815) (608)
Net cash provided by operating activities 14,056 40,272 65,032
Capital expenditures:      
New restaurant development 0 (1,863) (11,390)
Restaurant remodeling (2,380) (1,103) (2,573)
Other restaurant capital expenditures (14,732) (11,270) (19,335)
Corporate and restaurant information systems (2,416) (4,133) (7,949)
Total capital expenditures (19,528) (18,369) (41,247)
Proceeds from sale of Taco Cabana 74,910 0 0
Proceeds from disposals of properties 1,307 9,559 1,774
Proceeds from sale-leaseback transactions 3,083 17,222 0
Proceeds from insurance recoveries 0 0 42
Net cash provided by (used in) investing activities 59,772 8,412 (39,431)
Financing activities:      
Borrowings on revolving credit facility 0 154,143 32,000
Repayments on revolving credit facility 0 (229,143) (35,000)
Borrowings of unsecured debt 0 15,000 0
Repayments of unsecured debt 0 (15,000) 0
Borrowings of secured debt 0 73,500 0
Repayment of secured debt (75,000) 0 0
Principal payments on finance leases (219) (237) (164)
Financing costs associated with debt 0 (3,013) 0
Premium and other costs related to extinguishment of debt (2,238) 0 0
Payments to purchase treasury stock (9,356) (3,728) (14,282)
Net cash used in financing activities (86,813) (8,478) (17,446)
Net change in cash and restricted cash (12,985) 40,206 8,155
Cash and restricted cash, beginning of year 53,362 13,089 4,940
Cash and restricted cash of discontinued operations, beginning of year 257 324 318
Cash and restricted cash of discontinued operations, end of year 0 (257) (324)
Cash and restricted cash, end of year $ 40,634 $ 53,362 $ 13,089