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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2016
Dec. 29, 2015
Dec. 30, 2014
Operating activities      
Net income $ 8,729 $ 6,712 $ 1,672
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 71,197 64,168 65,407
Amortization of debt issuance costs 4,242 3,980 3,896
Deferred income taxes (5,556) (7,921) (5,876)
Net facility impairment and closure costs 4,898 7,469 980
Other (634) 69 (875)
Changes in assets and liabilities, excluding the effect of acquisitions:      
Accounts receivable (2,625) 2,950 227
Inventories 379 487 (1,887)
Prepaid expenses and other current assets (261) 432 (802)
Accounts payable 1,407 82 4,509
Income taxes 1,853 (410) (3,163)
Accrued interest 605 (1,629) 3,424
Accrued liabilities 2,245 597 1,576
Insurance reserves (3,545) 3,381 4,045
Other deferred items (2,987) (158) (2,360)
Other assets (351) (305) (295)
Net cash provided by operating activities 79,596 79,904 70,478
Investing activities      
Capital expenditures (62,656) (56,210) (66,067)
Acquisition of Wendy’s businesses, net of cash acquired (44,188) 0 (56,841)
Proceeds from sale-leaseback transactions 10,360 1,408 24,182
Purchase of assets for sale-leaseback 0 0 (1,736)
Proceeds from disposition of assets 2,161 1,590 3,144
Net cash used in investing activities (94,323) (53,212) (97,318)
Financing activities      
Borrowings under revolving credit facility 28,450 59,000 184,250
Payments under revolving credit facility (28,450) (59,000) (191,250)
Payments on term bank facilities (4,326) (4,158) (2,704)
Issuance of debt 0 0 40,000
Debt issue costs 0 (1,832) (693)
Payment of accrued purchase price to sellers 0 0 (10,875)
Other (60) (48) 140
Net cash (used in) provided by financing activities (4,386) (6,038) 18,868
Net change in cash and cash equivalents (19,113) 20,654 (7,972)
Beginning cash and cash equivalents 32,717 12,063 20,035
Ending cash and cash equivalents 13,604 32,717 12,063
Supplemental disclosures of cash flow information:      
Net cash paid for interest 39,963 39,274 33,621
Net cash paid for income taxes 1,348 2,673 3,516
Non-cash investing activities:      
Accrued capital expenditures $ 4,705 $ 3,350 $ 2,435