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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 44,858 $ 22,353
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 7,138 7,558
Operating (gains), losses and other charges, net 846 419
Gains and amortization on dedesignated interest rate swaps, net (41,924) (12,506)
Amortization of deferred financing costs 317 688
Losses on investments 223 3
Losses (gains) on early termination of debt and leases 24 (72)
Deferred income tax expense 10,766 2,211
Share-based compensation expense 7,520 6,860
Changes in assets and liabilities:    
Receivables (3,419) 757
Inventories (7,148) (98)
Prepaids and other current assets 3,563 6,677
Other noncurrent assets 6,125 (1,317)
Operating lease assets and liabilities (466) (821)
Accounts payable (1,541) 5,620
Accrued payroll (5,721) 1,992
Accrued taxes (338) 434
Other accrued liabilities (5,003) 4,649
Other noncurrent liabilities (6,211) (2,036)
Net cash flows provided by operating activities 9,609 43,371
Cash flows from investing activities:    
Capital expenditures (5,771) (3,108)
Proceeds from sales of restaurants, real estate and other assets 170 1,612
Investment purchases (1,200) 0
Proceeds from sale of investments 0 200
Collections on notes receivable 126 383
Issuance of notes receivable 0 (94)
Net cash flows used in investing activities (6,675) (1,007)
Cash flows from financing activities:    
Revolver borrowings 45,325 9,500
Revolver payments (28,325) (39,500)
Repayments of finance leases (1,018) (980)
Proceeds from exercise of stock options 0 116
Tax withholding on share-based payments (4,782) (1,377)
Deferred financing costs 0 (8)
Purchase of treasury stock (46,249) 0
Net bank overdrafts 2,851 (3,125)
Net cash flows used in financing activities (32,198) (35,374)
Increase (decrease) in cash and cash equivalents (29,264) 6,990
Cash and cash equivalents at beginning of period 30,624 3,892
Cash and cash equivalents at end of period $ 1,360 $ 10,882