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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 24, 2020
Mar. 26, 2019
Operating activities    
Net (loss) income $ (102,468) $ 1,425
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 6,137 5,907
Amortization of deferred financing costs, debt discount and interest rate cap 123 118
Amortization of operating lease assets 5,112 4,963
Stock-based compensation 1,225 1,577
Impairment of goodwill 87,277 0
Impairment of trademarks 11,900 0
Impairment of long-lived assets 8,287 0
Deferred income taxes (10,158) 196
Loss on disposal of assets and adjustments to assets held for sale, net 122 290
Restaurant closure charges 46 118
Changes in operating assets and liabilities:    
Accounts and other receivables, net 1,326 (48)
Inventories 86 259
Prepaid expenses and other current assets 3,357 2,297
Other assets (95) (18)
Accounts payable (711) (1,317)
Operating lease liabilities (4,863) (4,695)
Other accrued liabilities 6,796 (1,051)
Other non-current liabilities (940) (118)
Net cash provided by operating activities 12,559 9,903
Investing activities    
Purchases of property and equipment (7,983) (7,007)
Proceeds from disposal of property and equipment, net 1,440 10,040
Purchases of other assets (384) (515)
Acquisition of franchisees 0 (3,120)
Proceeds from sale of company-operated restaurants 1,219 2,090
Net cash (used in) provided by investing activities (5,708) 1,488
Financing activities    
Proceeds from issuance of common stock 0 0
Repurchase of common stock and warrants 0 (4,306)
Payment of tax withholding related to restricted stock vesting (105) (84)
Payments on finance leases and other debt (29) (146)
Proceeds from revolving credit facility 40,000 9,000
Payments on revolving credit facility (10,000) (14,000)
Proceeds from exercise of stock options 0 16
Net cash provided by (used in) financing activities 29,866 (9,520)
Increase in cash and cash equivalents 36,717 1,871
Cash and cash equivalents at beginning of period 1,421 7,153
Cash and cash equivalents at end of period 38,138 9,024
Supplemental cash flow information:    
Cash paid during the period for interest 854 1,134
Cash paid during the period for income taxes 0 0
Supplemental schedule of non-cash activities:    
Accrued property and equipment purchases 5,039 4,342
Amortization of interest rate cap into net income, net of tax 45 21
Change in other asset for fair value of interest rate cap recorded to other comprehensive (loss) income, net of tax 0 (139)
Operating lease right-of-use assets obtained in exchange for lease obligations 9,358 240,160
Finance lease right-of-use assets obtained in exchange for lease obligations 0 1,185
Impairment on operating lease right-of-use assets related to the adoption of new accounting pronouncements $ 0 $ 3,116