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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 25, 2020
Mar. 27, 2019
OPERATING ACTIVITIES    
Net income (loss) (including amounts attributable to non-controlling interests) $ (1,079) $ 3,607
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation expense 11,768 8,966
Capitalized Computer Software, Amortization 260 0
Non-cash operating lease cost $ 10,742 $ 8,911
Noncontrolling Interest, Weighted Average Ownership Percentage 8.40% 20.30%
Equity-based compensation $ 1,300 $ 1,692
Deferred income taxes 3,775 95
Non-cash interest expense 69 0
(Gain) loss on sale of marketable securities (79) 0
Impairment and loss on disposal of assets 2,088 351
Unrealized (gain) loss on available-for-sale securities 356 (157)
Other non-cash expense (income) 183 2
Changes in operating assets and liabilities:    
Accounts receivable 3,150 5,976
Inventories 306 123
Prepaid expenses and other current assets (439) (474)
Other assets (1,039) (2,335)
Accounts payable (4,449) (61)
Accrued expenses (6,330) 880
Accrued wages and related liabilities (5,113) (3,025)
Other current liabilities 273 963
Long-term operating lease liabilities (8,755) (8,324)
Other long-term liabilities 497 9
NET CASH PROVIDED BY OPERATING ACTIVITIES 7,484 17,199
INVESTING ACTIVITIES    
Purchases of property and equipment (19,159) (24,985)
Purchases of marketable securities (192) (389)
Sales of marketable securities 20,000 15,000
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 649 (10,374)
FINANCING ACTIVITIES    
Proceeds from revolving credit facility 50,000 0
Payments on principal of finance leases (615) (339)
Distributions paid to non-controlling interest holders (305) (109)
Payments under tax receivable agreement (6,569) (707)
Proceeds from stock option exercises 1,032 1,452
Payment, Tax Withholding, Share-based Payment Arrangement (969) 25
NET CASH PROVIDED BY FINANCING ACTIVITIES 42,574 322
NET INCREASE IN CASH AND CASH EQUIVALENTS 50,707 7,147
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 37,099 24,750
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 87,806 $ 31,897