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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2015
Dec. 30, 2014
Dec. 31, 2013
Operating activities      
Net income $ 6,712 $ 1,672 $ 29,742
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 64,168 65,407 55,560
Amortization of debt issuance costs 3,980 3,896 3,458
Deferred income taxes (7,921) (5,876) 2,715
Net facility impairment and closure costs 7,469 980 727
Other 69 (875) 143
Changes in assets and liabilities, excluding the effect of acquisitions:      
Accounts receivable 2,950 227 2,180
Inventories 487 (1,887) (330)
Prepaid expenses and other current assets 432 (802) (1,691)
Accounts payable 82 4,509 7,125
Income taxes (410) (3,163) 2,972
Accrued interest (1,629) 3,424 (915)
Accrued liabilities 597 1,576 (2,743)
Accrued predecessor transaction costs and interest 0 0 (176)
Insurance reserves 3,381 4,045 482
Other deferred items (158) (2,360) (1,463)
Other assets (305) (295) (22)
Net cash provided by operating activities 79,904 70,478 97,764
Investing activities      
Capital expenditures (56,210) (66,067) (51,031)
Acquisition of Wendy’s business, net of cash acquired 0 (56,841) (55,922)
Proceeds from sale-leaseback transactions 1,408 24,182 0
Purchase of assets for sale-leaseback 0 (1,736) 0
Proceeds from disposition of assets 1,590 3,144 545
Net cash used in investing activities (53,212) (97,318) (106,408)
Financing activities      
Borrowings under revolving credit facility 59,000 184,250 7,000
Payments under revolving credit facility (59,000) (191,250) 0
Payments on term bank facilities (4,158) (2,704) 0
Issuance of debt 0 40,000 0
Debt issue costs (1,832) (693) (967)
Payment of accrued purchase price to sellers 0 (10,875) (2,847)
Other (48) 140 0
Net cash (used in) provided by financing activities (6,038) 18,868 3,186
Net change in cash and cash equivalents 20,654 (7,972) (5,458)
Beginning cash and cash equivalents 12,063 20,035 25,493
Ending cash and cash equivalents 32,717 12,063 20,035
Supplemental disclosures of cash flow information:      
Net cash paid for interest 39,274 33,621 39,315
Net cash paid for income taxes 2,673 3,516 3,111
Non-cash investing activities:      
Accrued capital expenditures $ 3,350 $ 2,435 $ 1,095