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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2023
Sep. 28, 2022
Cash flows from operating activities:    
Net income $ 21,203 $ 14,265
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 11,277 10,745
Stock-based compensation expense 2,539 2,806
Income tax receivable agreement expense (income) 105 (345)
Fire insurance proceeds for expenses paid and lost profit 151  
(Gain) loss on disposal of assets (34) 129
Gain on recovery of insurance proceeds, property, equipment and expenses, net (242)  
Impairment of property and equipment 1,032 392
Gain on disposition of restaurants (5,034)  
Amortization of deferred financing costs 153 292
Deferred income taxes, net 1,138 2,351
Changes in operating assets and liabilities:    
Accounts and other receivables 462 (1,539)
Inventories 403 108
Prepaid expenses and other current assets 8 755
Income taxes payable (receivable) 6,391 (1,459)
Other assets (236) (150)
Accounts payable (5,798) 1,285
Accrued salaries and vacation (1,619) (4,564)
Accrued insurance 437 93
Other accrued expenses and liabilities 173 (3,257)
Net cash flows provided by operating activities 32,509 21,907
Cash flows from investing activities:    
Proceeds from disposition of restaurants 7,722  
Proceeds from fire insurance for property and equipment 163  
Purchase of property and equipment (15,297) (13,022)
Net cash flows used in investing activities (7,412) (13,022)
Cash flows from financing activities:    
Proceeds from borrowings on revolver and swingline loans 25,000  
Payments on revolver and swingline loan (11,000) (20,000)
Minimum tax withholdings related to net share settlements (217) (243)
Repurchases of common stock (46,616)  
Proceeds from issuance of common stock upon exercise of stock options, net of expenses 1,171 1,580
Payment of obligations under finance leases (113) (124)
Deferred financing costs for revolver loan   (869)
Net cash flows used in by financing activities (31,775) (19,656)
Decrease in cash and cash equivalents (6,678) (10,771)
Cash and cash equivalents, beginning of period 20,493 30,046
Cash and cash equivalents, end of period 13,815 19,275
Supplemental cash flow information    
Cash paid during the period for interest 3,554 819
Cash paid during the period for income taxes 54 5,100
Unpaid purchases of property and equipment 4,476 $ 3,030
Unpaid repurchases of common stock $ 430