XML 22 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Cash Flows
$ in Thousands
12 Months Ended
Jan. 01, 2017
USD ($)
Jan. 03, 2016
USD ($)
Dec. 28, 2014
USD ($)
Cash flows provided from (used for) operating activities:      
Net income (loss) $ 45,472 $ 4 $ (38,117)
Adjustments to reconcile net income to net cash provided from operating activities:      
Loss on disposals of property and equipment (549) 364 537
Stock-based compensation 2,053 1,438 1,180
Impairment and other lease charges 2,355 3,078 3,541
Depreciation and amortization 47,295 39,845 36,923
Amortization of deferred financing costs 791 874 1,007
Amortization of deferred gains from sale-leaseback transactions (1,788) (2,535) (1,793)
Deferred income taxes (28,085) 0 11,548
Loss on extinguishment of debt 0 12,635 0
Refundable income taxes (153) 2,416 177
Accounts receivable (1,462) (2,127) (1,094)
Accounts payable 1,686 2,054 2,194
Accrued interest 4 502 30
Accrued payroll, related taxes and benefits (1,553) 10,261 (700)
Other (3,778) 1,893 (726)
Net cash provided from operating activities 62,288 70,702 14,707
Cash flows used for investing activities:      
New restaurant development (8,228) (574) (1,696)
Restaurant remodeling (65,767) (41,582) (38,197)
Other restaurant capital expenditures (15,168) (10,772) (6,720)
Corporate and restaurant information systems (4,936) (3,920) (5,397)
Total capital expenditures (94,099) (56,848) (52,010)
Acquisition of restaurants, net of cash acquired (48,088) (52,750) (52,200)
Proceeds from insurance recoveries 1,413 0 0
Proceeds from sale of other assets 0 534 54
Increase in restricted cash balance 0 0 20,000
Properties purchased for sale-leaseback (9,046) (3,513) (3,412)
Proceeds from sale-leaseback transactions 53,599 9,148 19,565
Net cash used for investing activities (96,221) (103,429) (68,003)
Cash flows provided from (used for) financing activities:      
Proceeds from issuance of senior secured second lien notes 0 200,000 0
Senior Notes 200,000 200,000  
Redemption of 11.25% senior secured second lien notes 0 (159,771) 0
Financing costs associated with issuance of debt (175) (5,169) (62)
Proceeds from public stock offering, net of expenses 0 0 67,327
Borrowings under senior credit facility 129,000 0 59,000
Repayments under senior credit facility (115,500) 0 (59,000)
Principal payments on capital leases (1,480) (1,280) (1,050)
Proceeds from lease financing obligations 1,816 0 0
Net cash provided from (used for) financing activities 13,661 33,780 66,215
Net increase (decrease) in cash (20,272) 1,053 12,919
Cash, beginning of period 22,274 21,221 8,302
Cash, end of period 2,002 22,274 21,221
Supplemental disclosures:      
Interest paid on long-term debt 17,415 17,088 17,659
Interest paid on lease financing obligations 105 104 103
Accruals for capital expenditures 4,032 3,779 4,683
Income taxes paid (refunded), net 153 (2,416) (41)
Capital lease obligations incurred 583 615 1,459
Non-cash reduction of capital lease assets and obligation $ 0 $ 0 $ 1,055