XML 21 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 24, 2020
Jun. 26, 2019
OPERATING ACTIVITIES    
Net income (loss) (including amounts attributable to non-controlling interests) $ (19,110) $ 14,778
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation expense 23,857 18,765
Capitalized Computer Software, Amortization 628 0
Non-cash operating lease cost 22,220 18,765
Equity-based compensation 2,719 3,872
Deferred income taxes 11,225 317
Non-cash interest expense 16 0
Gain on sale of marketable securities (79) (22)
Impairment and loss on disposal of assets 2,522 728
Unrealized (gain) loss on available-for-sale securities 22 (231)
Other non-cash expense 897 2
Changes in operating assets and liabilities:    
Accounts receivable 1,679 7,252
Inventories (125) 57
Prepaid expenses and other current assets (745) (3,908)
Other assets (1,542) (5,354)
Accounts payable 5,802 (5,202)
Accrued expenses (15,179) 3,870
Accrued wages and related liabilities (3,802) (1,271)
Other current liabilities (782) 862
Long-term operating lease liabilities (12,649) (17,408)
Other long-term liabilities 419 19
NET CASH PROVIDED BY OPERATING ACTIVITIES 17,993 35,891
INVESTING ACTIVITIES    
Purchases of property and equipment (37,637) (55,998)
Purchases of marketable securities (268) (715)
Sales of marketable securities 20,000 27,000
NET CASH USED IN INVESTING ACTIVITIES (17,905) (29,713)
FINANCING ACTIVITIES    
Proceeds from revolving credit facility 50,000 0
Payments on revolving credit facility (50,000) 0
Deferred financing costs (64) 0
Proceeds from issuance of Class A common stock sold in equity offerings, net of underwriting discounts, commissions and offering costs 144,997 0
Payments on principal of finance leases (1,150) (912)
Distributions paid to non-controlling interest holders (314) (1,667)
Payments under tax receivable agreement (6,643) (707)
Proceeds from stock option exercises 1,740 3,427
Payment, Tax Withholding, Share-based Payment Arrangement (1,769) (1,336)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 136,797 (1,195)
NET INCREASE IN CASH AND CASH EQUIVALENTS 136,885 4,983
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 37,099 24,750
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 173,984 $ 29,733