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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2022
Dec. 29, 2021
Dec. 30, 2020
Cash flows from operating activities:      
Net income (loss) $ 74,712 $ 78,073 $ (5,116)
Adjustments to reconcile net income (loss) to cash flows provided by (used in) operating activities:      
Depreciation and amortization 14,862 15,446 16,161
Operating (gains), losses and other charges, net (1,005) (46,105) 1,808
Gains and amortization on interest rate swap derivatives, net (54,989) (12,629) (2,164)
Amortization of deferred financing costs 634 1,105 876
(Gains) losses on investments 305 21 (123)
(Gains) losses on early termination of debt and leases (37) (523) 224
Deferred income tax expense 14,732 14,097 3,981
Increase (decrease) of tax valuation allowance 546 (5,031) (3,041)
Share-based compensation expense 11,400 13,602 7,948
Changes in assets and liabilities, excluding acquisitions and dispositions:      
Receivables (5,892) 1,373 6,378
Inventories (460) (3,879) 101
Prepaids and other current assets (1,138) 7,454 (3,872)
Other assets (2,129) (1,881) (1,816)
Operating lease assets and liabilities (696) (1,521) 844
Accounts payable 3,918 6,608 (10,682)
Accrued payroll (2,850) 3,113 (2,835)
Accrued taxes (81) (317) (774)
Other accrued liabilities (5,867) 12,684 (5,525)
Other noncurrent liabilities (6,513) (5,517) (5,510)
Net cash flows provided by (used in) operating activities 39,452 76,173 (3,137)
Cash flows from investing activities:      
Capital expenditures (11,844) (7,355) (6,962)
Acquisitions of restaurant and real estate (750) (10,369) 0
Acquisition of Keke’s Breakfast Cafe (82,500) 0 0
Collections (deposits) on real estate acquisitions 3,624 (3,624) 0
Proceeds from sales of real estate and other assets 4,144 50,098 9,398
Investment purchases (1,200) (500) (1,400)
Proceeds from sale of investments 1,700 200 2,900
Collections on notes receivable 246 684 1,814
Issuance of notes receivable (16) (120) (1,099)
Net cash flows provided by (used in) investing activities (86,596) 29,014 4,651
Cash flows from financing activities:      
Revolver borrowings 175,325 185,000 140,500
Revolver payments (83,825) (225,000) (170,500)
Long-term debt payments (2,020) (2,118) (1,570)
Tax withholding on share-based payments (4,781) (1,516) (4,331)
Deferred financing costs 0 (1,853) (1,758)
Purchase of treasury stock (64,975) (29,959) (36,008)
Proceeds from issuance of common stock 0 0 69,571
Proceeds from exercise of stock options 0 116 427
Net bank overdrafts 319 (3,125) 2,675
Net cash flows provided by (used in) financing activities 20,043 (78,455) (994)
Increase (decrease) in cash and cash equivalents (27,101) 26,732 520
Cash and cash equivalents at beginning of period 30,624 3,892 3,372
Cash and cash equivalents at end of period $ 3,523 $ 30,624 $ 3,892