XML 19 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
Cash flows provided from (used for) operating activities:    
Net income $ 8,297 $ 3,238
Adjustments to reconcile net income to net cash provided from operating activities:    
Loss on disposals of property and equipment 371 252
Stock-based compensation 4,501 2,509
Gain on bargain purchase (230) 0
Impairment and other lease charges 3,354 2,002
Depreciation and amortization 43,426 40,172
Amortization of deferred financing costs 901 735
Amortization of bond premium (679) (239)
Amortization of deferred gains from sale-leaseback transactions (1,186) (1,230)
Deferred income taxes 184 608
Change in refundable income taxes 0 30
Changes in other operating assets and liabilities 8,838 8,551
Net cash provided from operating activities 67,777 56,568
Cash flows used for investing activities:    
New restaurant development (17,753) (3,726)
Restaurant remodeling (21,505) (23,036)
Other restaurant capital expenditures (12,328) (13,613)
Corporate and restaurant information systems (2,661) (4,285)
Total capital expenditures (54,247) (44,660)
Acquisition of restaurants, net of cash acquired (Note 2) (27,595) (36,556)
Properties purchased for sale-leaseback (2,123) (1,404)
Proceeds from sale-leaseback transactions 4,504 4,257
Proceeds from insurance recoveries 642 481
Net cash used for investing activities (78,819) (77,882)
Cash flows provided from (used for) financing activities:    
Proceeds from issuance of 8% senior secured second lien notes 0 79,875
Borrowings under senior credit facility 4,500 183,250
Repayments under senior credit facility (4,500) (196,750)
Proceeds from lease financing obligations 2,692 0
Principal payments on capital leases (1,345) (1,222)
Costs associated with financing long-term debt (154) (1,966)
Net cash provided from financing activities 1,193 63,187
Net increase in cash (9,849) 41,873
Cash and cash equivalents, beginning of period 29,412 2,002
Cash and cash equivalents, end of period 19,563 43,875
Supplemental disclosures:    
Interest paid on long-term debt 11,952 9,310
Interest paid on lease financing obligations 78 93
Accruals for capital expenditures 3,589 3,144
Non-cash reduction of lease financing obligations 2,538 1,744
Income taxes paid (211) (30)
Capital lease obligations acquired or incurred $ 24 $ 277