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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2024
Jun. 28, 2023
Cash flows from operating activities:    
Net income $ 13,545 $ 11,974
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 7,721 7,331
Stock-based compensation expense 1,817 1,613
Income tax receivable agreement income 0 (1)
Fire insurance proceeds for expenses paid and lost profit   151
Loss (gain) on disposition of restaurants 7 (111)
Loss (gain) on disposal of assets 104 (50)
Gain on recovery of insurance proceeds, property, equipment and expenses, net (41) (242)
Impairment of property and equipment 0 53
Amortization of deferred financing costs 96 106
Deferred income taxes, net 198 249
Changes in operating assets and liabilities:    
Accounts and other receivables 22 (1,355)
Inventories 169 401
Prepaid expenses and other current assets 2,116 189
Income taxes payable 86 4,227
Other assets (134) (81)
Accounts payable 259 (1,095)
Accrued salaries and vacation 2,450 1,826
Accrued insurance 99 360
Payment related to tax receivable agreement (399)  
Other accrued expenses and liabilities 2 (3,749)
Net cash flows provided by operating activities 28,117 21,796
Cash flows from investing activities:    
Proceeds from disposition of restaurants 100 175
Proceeds from fire insurance for property and equipment 41 163
Purchase of property and equipment (10,687) (9,237)
Net cash flows used in investing activities (10,546) (8,899)
Cash flows from financing activities:    
Proceeds from borrowings on revolver and swingline loans 14,000 2,000
Payments on revolver and swingline loan (11,000) (8,000)
Minimum tax withholdings related to net share settlements (148) (171)
Proceeds from issuance of common stock upon exercise of stock options, net of expenses 1,057 824
Payment of obligations under finance leases (101) (76)
Repurchases of common stock (18,202) (17,784)
Net cash flows used in by financing activities (14,394) (23,207)
Increase (decrease) in cash and cash equivalents 3,177 (10,310)
Cash and cash equivalents, beginning of period 7,288 20,493
Cash and cash equivalents, end of period 10,465 10,183
Supplemental cash flow information    
Cash paid during the period for interest 3,061 2,077
Cash paid during the period for income taxes 4,925 45
Unpaid purchases of property and equipment 4,351 5,894
Unpaid repurchases of common stock and excise tax $ 742 $ 518