XML 23 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
May 26, 2013
May 20, 2012
Cash flows from operating activities:    
Net income $ 407,000 $ 39,000
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 681,000 604,000
Amortization of deferred financing costs 19,000 20,000
Amortization of supply agreement advances (239,000) (217,000)
Funding from supply agreements 754,000 753,000
Deferred income taxes 69,000 56,000
Losses on restaurant assets - net 59,000 370,000
Changes in assets and liabilities:    
Receivables 131,000 101,000
Inventories (129,000) (13,000)
Prepaid expenses 339,000 167,000
Other assets 18,000 16,000
Accounts payable 1,176,000 185,000
Accrued liabilities 70,000 305,000
Net cash, operating activities 3,355,000 2,386,000
Cash flows from investing activities:    
Proceeds from sale of restaurants   471,000
Capital expenditures (1,353,000) (1,115,000)
Restricted cash 10,000 41,000
Net cash, investing activities (1,343,000) (603,000)
Cash flows from financing activities:    
Principal payments on long-term debt (146,000) (12,000)
Principal payments on capital lease obligations (47,000) (21,000)
Bank debt repayment in advance (1,664,000)  
Proceeds from stock transactions 1,768,000  
Net cash, financing activities (89,000) (33,000)
Net change in cash and equivalents 1,923,000 1,750,000
Cash and equivalents, beginning balance 2,971,000 3,455,000
Cash and equivalents, ending balance 4,894,000 5,205,000
Interest paid on debt and capitalized leases 621,000 715,000
Cash payments for income taxes   $ (5,000)