XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2017
Mar. 30, 2016
Cash flows from operating activities:    
Net income $ 4,877 $ 5,443
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 4,317 3,758
Stock-based compensation expense 141 11
Fire insurance proceeds for expenses paid and lost profit 0 130
Income tax receivable agreement expense 227 264
Loss on disposal of assets 225 199
Expenses related to fire loss 0 48
Gain on recovery of insurance proceeds for property, equipment and expenses 0 (289)
Impairment of property and equipment 22 35
Closed-store reserve 849 39
Amortization of deferred financing costs 76 76
Amortization of favorable and unfavorable leases, net (26) (26)
Excess income tax benefit related to share-based compensation plans 0 29
Deferred income taxes, net 3,400 3,701
Changes in operating assets and liabilities:    
Accounts and other receivables, net (1,050) (612)
Inventories 199 88
Prepaid expenses and other current assets (1,342) (1,221)
Income taxes payable (32) 11
Other assets 141 5
Accounts payable 2,694 (4,808)
Accrued salaries and vacation 3,624 1,831
Accrued insurance 141 (50)
Other accrued expenses and liabilities 525 2,341
Restricted cash 125 0
Net cash flows provided by operating activities 19,133 11,003
Cash flows from investing activities:    
Fire insurance proceeds for property and equipment 0 270
Purchase of property and equipment (11,601) (5,935)
Net cash flows used in investing activities (11,601) (5,665)
Cash flows from financing activities:    
Payments on revolver loan (3,000) (2,500)
Payment of obligations under capital leases (48) (46)
Excess income tax benefit related to share-based compensation plans 0 (29)
Net cash flows used in financing activities (3,048) (2,575)
Increase in cash and cash equivalents 4,484 2,763
Cash and cash equivalents, beginning of period 2,168 6,101
Cash and cash equivalents, end of period 6,652 8,864
Supplemental cash flow information    
Cash paid during the period for interest 821 781
Cash paid during the period for income taxes 100 50
Unpaid purchases of property and equipment $ 3,161 $ 2,548