XML 16 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2021
Sep. 29, 2021
Sep. 23, 2020
Cash flows from operating activities:      
Net income $ 10,161 $ 22,943 $ 19,019
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation and amortization 3,685 11,540 12,629
Bad debt expense     190
Stock-based compensation expense 1,000 2,936 2,170
Income tax receivable agreement (income) expense (19) (69) 26
Loss on disposition of restaurants 10 1,534  
Loss on disposal of assets 83 194 156
Impairment of property and equipment 100 701 3,478
Amortization of deferred financing costs   188 189
Deferred income taxes, net   2,026 (110)
Changes in operating assets and liabilities:      
Accounts and other receivables   (1,547) (2,527)
Inventories   (27) 72
Prepaid expenses and other current assets   825 3,163
Income taxes payable   3,616 2,264
Other assets   289 159
Accounts payable   (507) 476
Accrued salaries and vacation   (2,116) 1,311
Accrued insurance   615 816
Other accrued expenses and liabilities   (809) (9,962)
Net cash flows provided by operating activities   42,332 33,519
Cash flows from investing activities:      
Proceeds from disposition of restaurants   4,556  
Purchase of property and equipment   (12,699) (4,349)
Net cash flows used in investing activities   (8,143) (4,349)
Cash flows from financing activities:      
Proceeds from borrowings on revolver and swingline loans     52,500
Payments on revolver and swingline loan   (22,800) (65,700)
Minimum tax withholdings related to net share settlements   (705) (331)
Proceeds from issuance of common stock upon exercise of stock options, net of expenses   866 5,846
Payment of obligations under finance leases   (100) (26)
Net cash flows used in financing activities   (22,739) (7,711)
Increase in cash and cash equivalents   11,450 21,459
Cash and cash equivalents, beginning of period   13,219 8,070
Cash and cash equivalents, end of period $ 24,669 24,669 29,529
Supplemental cash flow information      
Cash paid during the period for interest   828 2,381
Cash paid during the period for income taxes   4,088 1,632
Unpaid purchases of property and equipment   $ 2,259 $ 881