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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
8 Months Ended
Sep. 10, 2019
Sep. 11, 2018
Operating activities    
Net (loss) income $ (4,152) $ 13,313
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 17,661 17,616
Amortization of favorable and unfavorable lease assets and liabilities, net 0 (602)
Amortization of deferred financing costs, debt discount and interest rate cap 376 297
Amortization of operating lease assets 14,886 0
Stock-based compensation 4,601 4,079
Impairment of long-lived assets 5,101 1,661
Deferred income taxes 1,210 698
Loss on disposal of assets and adjustments to assets held for sale, net 8,790 760
Restaurant closure charges 118 604
Changes in operating assets and liabilities:    
Accounts and other receivables, net 394 263
Inventories 55 116
Prepaid expenses and other current assets (330) 1,993
Other assets (124) 9
Accounts payable 1,293 649
Operating lease liabilities (13,584) 0
Other accrued liabilities 2,307 1,732
Other non-current liabilities 161 1,120
Net cash provided by operating activities 38,763 44,308
Investing activities    
Purchases of property and equipment (28,440) (30,575)
Proceeds from disposal of property and equipment, net 14,130 1,323
Purchases of other assets (1,051) (1,107)
Acquisition of franchisees (4,833) (1,841)
Proceeds from sale of company-operated restaurants 2,090 0
Net cash used in investing activities (18,104) (32,200)
Financing activities    
Repurchase of common stock and warrants (7,373) (7,810)
Payment of tax withholding related to restricted stock vesting (2,602) (2,378)
Payments on finance leases, other debt and deemed landlord financing (389) (1,038)
Proceeds from revolving credit facility 27,000 17,000
Payments on revolving credit facility (36,000) (18,000)
Proceeds from exercise of stock options 120 187
Net cash used in financing activities (19,244) (12,039)
(Decrease) increase in cash and cash equivalents 1,415 69
Cash and cash equivalents at beginning of period 7,153 6,559
Cash and cash equivalents at end of period 8,568 6,628
Supplemental cash flow information:    
Cash paid during the period for interest 4,720 5,513
Cash paid during the period for income taxes 1,764 675
Supplemental schedule of non-cash activities:    
Accrued property and equipment purchases 5,768 3,967
Write-offs of accounts receivables 21 26
Reclassification of interest rate cap amortization included in net income 79 31
Change in other asset for fair value of interest rate cap recorded to other comprehensive (loss) income, net of tax (345) 312
Operating lease right-of-use assets obtained in exchange for lease obligations 262,369 0
Finance lease right-of-use assets obtained in exchange for lease obligations 1,185 0
Impairment on operating lease right-of-use assets related to the adoption of new accounting pronouncement $ 3,116 $ 0