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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 23, 2020
Sep. 25, 2019
Cash flows from operating activities:    
Net income $ 19,019 $ 21,402
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 12,629 13,558
Bad debt expense 190  
Stock-based compensation expense 2,170 1,797
Income tax receivable agreement expense (income) 26 (120)
Loss on disposition of restaurants   5,062
Loss on disposal of assets 156 213
Impairment of property and equipment 3,478 283
Amortization of deferred financing costs 189 189
Amortization of favorable and unfavorable leases, net   (362)
Deferred income taxes, net (110) 8,583
Changes in operating assets and liabilities:    
Accounts and other receivables, net (2,527) (1,257)
Inventories 72 261
Prepaid expenses and other current assets 3,163 868
Other assets 159 (118)
Accounts payable 476 (1,657)
Accrued salaries and vacation 1,311 2,259
Accrued insurance 816 1,863
Income taxes payable 2,264 102
Other accrued expenses and liabilities (9,962) (21,031)
Net cash flows provided by operating activities 33,519 31,895
Cash flows from investing activities:    
Proceeds from disposition of restaurants   4,770
Purchase of property and equipment (4,349) (10,848)
Net cash flows used in investing activities (4,349) (6,078)
Cash flows from financing activities:    
Minimum tax withholdings related to net share settlements (331) (341)
Payments on revolver and swingline loan (65,700) (15,000)
Borrowings on revolver and swingline loan 52,500 42,000
Proceeds from issuance of common stock upon exercise of stock options, net of expenses 5,846 80
Payment of obligations under finance leases (26) (61)
Stock buybacks   (47,395)
Net cash flows used in financing activities (7,711) (20,717)
Increase in cash and cash equivalents 21,459 5,100
Cash and cash equivalents, beginning of period 8,070 6,969
Cash and cash equivalents, end of period 29,529 12,069
Supplemental cash flow information    
Cash paid during the period for interest 2,381 2,400
Cash paid during the period for income taxes 1,632 268
Unpaid purchases of property and equipment $ 881 2,577
Unpaid stock buybacks   $ 1,004