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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 25, 2020
Cash flows from operating activities:    
Net income $ 23,181 $ 9,013
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 3,661 4,146
Operating (gains), losses and other charges, net 532 1,473
Gains on interest rate swap derivatives, net (29,733) 0
Amortization of deferred financing costs 344 152
(Gains) losses on investments 8 (116)
Losses on termination of leases 34 28
Deferred income tax expense (benefit) 4,099 (2,577)
Share-based compensation expense (benefit) 3,472 (1,537)
Changes in assets and liabilities:    
Receivables 353 15,815
Inventories 13 (4)
Other current assets 5,294 4,111
Other noncurrent assets (201) 1,578
Operating lease assets and liabilities (604) (18)
Accounts payable 1,820 (7,465)
Accrued payroll (1,704) (12,783)
Accrued taxes (380) (971)
Other accrued liabilities 1,195 (6,337)
Other noncurrent liabilities (1,149) (2,607)
Net cash flows provided by operating activities 10,235 1,901
Cash flows from investing activities:    
Capital expenditures (1,583) (2,818)
Proceeds (costs) from sales of restaurants, real estate and other assets 1,348 (35)
Investment purchases 0 (1,400)
Proceeds from sale of investments 200 0
Collections on notes receivable 215 505
Issuance of notes receivable 0 (408)
Net cash flows provided by (used in) investing activities 180 (4,156)
Cash flows from financing activities:    
Revolver borrowings 7,500 102,500
Revolver payments (2,500) (24,500)
Long-term debt payments (473) (406)
Proceeds from exercise of stock options 116 0
Tax withholding on share-based payments (1,309) (3,036)
Deferred financing costs (8) 0
Purchase of treasury stock 0 (36,008)
Net bank overdrafts (3,125) (449)
Net cash flows provided by financing activities 201 38,101
Increase in cash and cash equivalents 10,616 35,846
Cash and cash equivalents at beginning of period 3,892 3,372
Cash and cash equivalents at end of period $ 14,508 $ 39,218