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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Cash flows provided by (used in) operating activities:    
Net income (loss) $ 15,818 $ (47,745)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
(Gain) loss on disposals of property and equipment, including sale-leasebacks (2,550) 624
Stock-based compensation 2,099 2,877
Impairment and other lease charges (Note 4) 4,089 18,672
Depreciation and amortization 37,277 39,613
Amortization of deferred financing costs 1,084 1,083
Amortization of discount on debt 65 63
Deferred income taxes 1,593 (12,130)
Changes in other operating assets and liabilities (6,978) (26,090)
Net cash provided by (used in) operating activities 52,497 (23,033)
Cash flows used for investing activities:    
New restaurant development (1,204) (5,268)
Restaurant remodeling (4,355) (6,577)
Other restaurant capital expenditures (8,688) (8,490)
Corporate and restaurant information systems (2,101) (2,421)
Total capital expenditures (16,348) (22,756)
Proceeds from sale of other assets 0 864
Properties purchased for sale-leaseback (680) (2,088)
Proceeds from sale-leaseback transactions 1,321 2,085
Proceeds from insurance recoveries 2,220 58
Net cash used for investing activities (13,487) (21,837)
Cash flows (used in) provided by financing activities:    
Principal payments on Term B Loans (2,125) (2,125)
Borrowings under revolving credit facility 11,000 32,000
Repayments under revolving credit facility (23,500) (5,000)
Principal payments on finance lease liabilities (1,522) (1,088)
Purchase of treasury shares (295) 0
Net cash (used in) provided by financing activities (16,442) 23,787
Net increase (decrease) in cash and cash equivalents 22,568 (21,083)
Cash and cash equivalents, beginning of period 18,364 29,151
Cash and cash equivalents, end of period 40,932 8,068
Supplemental disclosures:    
Interest paid on long-term debt 14,750 22,438
Interest paid on lease financing obligations 0 52
Interest on lease liabilities 403 278
Accruals for capital expenditures 2,558 2,040
Finance lease obligations incurred 20 8,644
Gain (loss) on sale-leaseback transactions 1,217 (74)
Accruals for costs associated with issuance of long term debt 20,879 9,687
Operating cash flows related to operating leases 51,561 51,141
Income taxes paid $ 44 $ 0