XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 26, 2023
Cash flows from operating activities:    
Net income $ 7,214 $ 9,360
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,271 9,117
Stock-based compensation 1,866 1,497
Non-cash operating lease costs 5,752 4,357
Non-cash portion of gain on lease modifications (5) (116)
Non-cash loss on extinguishments and modifications of debt 358 0
Deferred income taxes 2,258 4,229
Amortization of debt discount and deferred issuance costs 107 110
Impairments and loss on disposal of assets 119 134
Gain on insurance proceeds 0 (154)
Changes in assets and liabilities:    
Accounts receivable 1,402 2,336
Inventory 198 622
Prepaid expenses (1,418) (873)
Other assets, current and long-term 1,291 (174)
Accounts payable (643) (2,367)
Accrued liabilities and other long-term liabilities 1,698 2,832
Accrued compensation and deferred payroll taxes (1,065) (6,521)
Deferred revenues, current and long-term (1,959) (2,031)
Other liabilities (259) 0
Operating lease liabilities (4,203) (1,215)
Net cash provided by operating activities 24,982 21,143
Cash flows from investing activities:    
Capital expenditures (28,584) (14,519)
Acquisitions, net of cash acquired (3,418) 0
Purchase of intangible assets 0 (76)
Insurance proceeds 0 154
Net cash used in investing activities (32,002) (14,441)
Cash flows from financing activities:    
Repayments of note payable 0 (516)
Proceeds from borrowings on revolving credit facility 22,500 0
Repayments of borrowings on revolving credit facility (30,000) 0
Proceeds from long-term debt 100,000 0
Repayments of long-term debt, including finance lease liabilities (92,655) (2,007)
Payment of debt discount and deferred issuance costs (2,430) 0
Proceeds from exercise of stock options, net of employee taxes paid 3,147 565
Net cash provided by (used in) financing activities 562 (1,958)
Net (decrease) increase in cash and cash equivalents and restricted cash (6,458) 4,744
Cash and cash equivalents and restricted cash, beginning of period 49,961 49,923
Cash and cash equivalents and restricted cash, end of period 43,503 54,667
Supplemental cash flow information:    
Cash paid for interest 2,773 1,658
Cash paid for income taxes, net of refunds 0 67
Supplemental disclosures of non-cash investing and financing activities:    
Leased assets obtained in exchange for new operating lease liabilities 8,902 8,323
Leased assets obtained in exchange for new finance lease liabilities 28 9
Remeasurements and terminations of operating lease assets and lease liabilities (570) (955)
Remeasurements and terminations of finance lease assets and lease liabilities (9) 0
Decrease in liabilities from acquisition of property, fixtures and equipment $ (4,337) $ (707)