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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 25, 2019
Sep. 26, 2018
Cash flows from operating activities:    
Net income $ 98,851 $ 32,190
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 15,619 19,965
Operating (gains), losses and other charges, net (85,459) 1,615
Amortization of deferred financing costs 456 455
Gains on investments (179) 0
Gains on early extinguishments of debt and leases (157) (159)
Deferred income tax expense 9,594 5,044
Share-based compensation 7,142 3,661
Changes in assets and liabilities:    
Receivables 8,095 3,582
Inventories 1,525 83
Other current assets (168) 1,292
Other assets (3,081) (565)
Operating lease assets/liabilities (577)  
Accounts payable (9,411) (11,948)
Accrued salaries and vacations (6,224) (858)
Accrued taxes (524) 1,974
Other accrued liabilities (5,544) (7,733)
Other noncurrent liabilities 2,068 (2,339)
Net cash flows provided by operating activities 32,026 46,259
Cash flows from investing activities:    
Capital expenditures (12,646) (17,294)
Acquisition of restaurants and real estate (9,456) (10,416)
Deposits on acquisitions of real estate (1,538) 0
Proceeds from sales of restaurants, real estate and other assets 118,370 969
Investment purchases (1,300) (1,709)
Collections on notes receivable 3,027 2,478
Issuance of notes receivable (822) (2,525)
Net cash flows provided by (used in) investing activities 95,635 (28,497)
Cash flows from financing activities:    
Revolver borrowings 102,500 91,000
Revolver payments (176,000) (72,000)
Long-term debt payments (2,044) (2,429)
Proceeds from exercise of stock options 966 1,058
Tax withholding on share-based payments (3,206) (1,714)
Purchase of treasury stock (50,649) (37,108)
Net bank overdrafts (2,234) 319
Net cash flows used in financing activities (130,667) (20,874)
Decrease in cash and cash equivalents (3,006) (3,112)
Cash and cash equivalents at beginning of period 5,026 4,983
Cash and cash equivalents at end of period $ 2,020 $ 1,871