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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 26, 2019
Jun. 24, 2020
Jun. 26, 2019
Cash flows from operating activities:      
Net income $ 14,087 $ 9,099 $ 15,000
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation and amortization 4,454 8,537 9,215
Stock-based compensation expense 600 1,261 1,129
Income tax receivable agreement expense (94) 170 77
Loss on disposition of restaurants 927   5,051
Loss on disposal of assets 134 127 178
Impairment of property and equipment 200 1,972 227
Amortization of deferred financing costs   126 126
Amortization of favorable and unfavorable leases, net     (362)
Deferred income taxes, net   (363) 5,799
Changes in operating assets and liabilities:      
Accounts and other receivables, net   (7,610) (2,084)
Inventories   55 277
Prepaid expenses and other current assets   3,021 (450)
Other assets   339 23
Accounts payable   3,610 1,057
Accrued salaries and vacation   (2,342) (487)
Accrued insurance   698 1,163
Income taxes payable   2,069 (3)
Other accrued expenses and liabilities   (9,687) (23,077)
Net cash flows provided by operating activities   11,082 12,859
Cash flows from investing activities:      
Proceeds from disposition of restaurants     4,770
Purchase of property and equipment   (2,479) (5,898)
Net cash flows used in investing activities   (2,479) (1,128)
Cash flows from financing activities:      
Minimum tax withholdings related to net share settlements   (280) (295)
Payments on revolver and swingline loan   (10,700) (15,000)
Borrowings on revolver and swingline loan   52,500 26,000
Proceeds from issuance of common stock upon exercise of stock options, net of expenses   2,165 80
Payment of obligations under finance leases   (16) (53)
Stock buybacks     (18,151)
Net cash flows provided by (used in) financing activities   43,669 (7,419)
Increase in cash and cash equivalents   52,272 4,312
Cash cash equivalents beginning of period   8,070 6,969
Cash cash equivalents end of period $ 11,281 60,342 11,281
Supplemental cash flow information      
Cash paid during the period for interest   1,738 1,694
Cash paid during the period for income taxes   434 218
Unpaid purchases of property and equipment   $ 846 980
Unpaid stock buybacks     $ 310