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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Dec. 29, 2015
Jun. 30, 2015
Jan. 03, 2017
Dec. 30, 2014
Successor        
Operating activities        
Net income (loss) $ 2,653   $ 20,913  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Recovery of doubtful accounts 0   0  
Depreciation and amortization 11,276   23,129  
Amortization of favorable and unfavorable lease assets and liabilities, net (364)   (607)  
Amortization of deferred financing costs 155   392  
Subordinated note interest paid-in-kind 0   0  
Debt modification costs 78   0  
Stock-based compensation 1,498   4,096  
Change in fair value of warrant liability 0   0  
Impairment of long-lived assets 0   0  
Deferred income taxes 88   10,741  
Loss (gain) on disposal of assets 3   312  
Restaurant closure charges 0   (179)  
Changes in operating assets and liabilities:        
Accounts and other receivables, net 8   (921)  
Inventories (265)   88  
Prepaid expenses and other current assets 653   (659)  
Increase (Decrease) in Other Noncurrent Assets 0   (59)  
Accounts payable (3,309)   (404)  
Other accrued liabilities 3,434   3,733  
Other non-current liabilities 1,177   (3,387)  
Net cash provided by operating activities 17,085   57,546  
Investing activities        
Purchases of property and equipment (18,593)   (45,853)  
Proceeds from disposal of property and equipment 0   3,423  
Proceeds from the Company’s trust account 149,989   0  
Purchases of other assets (589)   (1,333)  
Acquisition of franchisees 0   (3,891)  
Proceeds from dissolution of investments in partnerships 1,586   0  
Acquisition of Del Taco Holdings, net of cash acquired (89,827)   0  
Net cash (used in) provided by investing activities 42,566   (47,654)  
Financing activities        
Proceeds from term loan, net of debt discount 0   0  
Proceeds from deemed landlord financing liabilities 1,208   1,974  
Proceeds from issuance of common stock 35,000   0  
Repurchase of common stock and warrants 0   (15,314)  
Payment of tax withholding related to restricted stock vesting, option exercises and distribution of restricted stock units 0   (916)  
Payments on term loans (227,100)   0  
Payments on capital leases and deemed landlord financing (864)   (1,728)  
Payment on subordinated notes 0   0  
Proceeds from revolving credit facility, net of debt discount 162,556   24,000  
Payments on revolving credit facility (14,000)   (19,000)  
Payment for interest rate cap 0   (312)  
Payments for debt issue costs (484)   0  
Repayment of note payable (523)   0  
Payment of deferred underwriter compensation (5,250)   0  
Proceeds from Stock Options Exercised 0   5  
Settlement of vested restricted stock units 0   0  
Net cash (used in) provided by financing activities (49,457)   (11,291)  
(Decrease) increase in cash and cash equivalents 10,194   (1,399)  
Cash and cash equivalents at beginning of period     10,194  
Cash and cash equivalents at end of period 10,194   8,795  
Supplemental cash flow information:        
Cash paid during the period for interest 3,216   6,328  
Cash paid during the period for income taxes, net of tax refunds 161   3,531  
Supplemental schedule of non-cash activities:        
Accrued property and equipment purchases 2,766   2,830  
Write-offs against bad debt reserves 0   72  
Amortization of interest rate cap into net income (loss), net of tax 0   0  
Change in other asset for fair value of interest rate cap recorded to other comprehensive income (loss), net of tax 0   172  
Warrant liability reclassified to equity upon exercise of warrants 0   0  
Issuance of shares for consideration in the acquisition of Del Taco Holdings, Inc. 189,306   0  
Issuance of warrants as payment for working capital loans 389   0  
Common stock of Del Taco Restaurants, Inc. reclassified to equity upon release from possible redemption 136,213   $ 0  
Predecessor [Member]        
Operating activities        
Net income (loss)   $ 2,104   $ (9,255)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Recovery of doubtful accounts   0   (10)
Depreciation and amortization   8,249   18,608
Amortization of favorable and unfavorable lease assets and liabilities, net   3   144
Amortization of deferred financing costs   908   1,418
Subordinated note interest paid-in-kind   37   14,897
Debt modification costs   139   1,241
Stock-based compensation   532   954
Change in fair value of warrant liability   (35)   1,417
Impairment of long-lived assets   0   9,617
Deferred income taxes   551   1,165
Loss (gain) on disposal of assets   99   (151)
Restaurant closure charges   0   0
Changes in operating assets and liabilities:        
Accounts and other receivables, net   154   (1,355)
Inventories   145   (96)
Prepaid expenses and other current assets   (426)   (598)
Increase (Decrease) in Other Noncurrent Assets   0   0
Accounts payable   4,222   1,662
Other accrued liabilities   (5,026)   4,468
Other non-current liabilities   (1,573)   1,350
Net cash provided by operating activities   10,083   45,476
Investing activities        
Purchases of property and equipment   (14,813)   (17,416)
Proceeds from disposal of property and equipment   42   212
Proceeds from the Company’s trust account   0   0
Purchases of other assets   (513)   (864)
Acquisition of franchisees   0   0
Proceeds from dissolution of investments in partnerships   0   0
Acquisition of Del Taco Holdings, net of cash acquired   0   0
Net cash (used in) provided by investing activities   (15,284)   (18,068)
Financing activities        
Proceeds from term loan, net of debt discount   23,654   60,388
Proceeds from deemed landlord financing liabilities   0   1,450
Proceeds from issuance of common stock   91,236   0
Repurchase of common stock and warrants   0   0
Payment of tax withholding related to restricted stock vesting, option exercises and distribution of restricted stock units   (7,533)   0
Payments on term loans   0   (22,500)
Payments on capital leases and deemed landlord financing   (831)   (1,785)
Payment on subordinated notes   (108,113)   (62,000)
Proceeds from revolving credit facility, net of debt discount   10,000   0
Payments on revolving credit facility   (6,000)   0
Payment for interest rate cap   0   0
Payments for debt issue costs   (593)   (392)
Repayment of note payable   0   0
Payment of deferred underwriter compensation   0   0
Proceeds from Stock Options Exercised   0   0
Settlement of vested restricted stock units   0   (87)
Net cash (used in) provided by financing activities   1,820   (24,926)
(Decrease) increase in cash and cash equivalents   (3,381)   2,482
Cash and cash equivalents at beginning of period $ 5,172 8,553   6,071
Cash and cash equivalents at end of period   5,172   8,553
Supplemental cash flow information:        
Cash paid during the period for interest   13,548   12,500
Cash paid during the period for income taxes, net of tax refunds   46   37
Supplemental schedule of non-cash activities:        
Accrued property and equipment purchases   2,460   911
Write-offs against bad debt reserves   0   33
Amortization of interest rate cap into net income (loss), net of tax   58   19
Change in other asset for fair value of interest rate cap recorded to other comprehensive income (loss), net of tax   (24)   (125)
Warrant liability reclassified to equity upon exercise of warrants   8,274   0
Issuance of shares for consideration in the acquisition of Del Taco Holdings, Inc.   0   0
Issuance of warrants as payment for working capital loans   0   0
Common stock of Del Taco Restaurants, Inc. reclassified to equity upon release from possible redemption   $ 0   $ 0