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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Jan. 02, 2022
USD ($)
Jan. 03, 2021
USD ($)
Cash flows from operating activities:    
Net income $ 24,368 $ 4,267
Adjustments to reconcile net income to cash flows provided by operations:    
Depreciation and amortization 7,395 5,121
Stock-based compensation 1,268 886
Net gain on disposal (979) (1,783)
Asset impairment, estimated lease termination charges and other closing costs, net   5,483
Gain on forgiveness of debt (14,109)  
Gain on bargain purchase (2,995) (13,246)
Amortization of operating right-of-use assets 8,514 5,249
Deferred income taxes 337 (2,837)
Other non-cash items 905 796
Accounts receivable, net (1,570) (1,011)
Prepaid expenses and other assets (2,983) 1,460
Accounts payable 1,276 2,418
Accrued compensation and benefits 4,730 (244)
Lease liabilities (8,278) (5,152)
Gift card liability 3,341 (2,133)
Accrued and other liabilities 3,638 2,814
Cash flows provided by operating activities 24,858 2,088
Cash flows from investing activities:    
Proceeds from the sale of assets 2,587 2,869
Purchases of property, equipment and leasehold improvements (3,826) (3,499)
Payments for acquired restaurants (18,808) (5,381)
Payments received on note receivable 785 42
Cash flows used for investing activities (19,262) (5,969)
Cash flows from financing activities:    
Proceeds from long-term debt 15,000 22,058
Payments for debt issuance costs (114) (45)
Payments on long-term debt (10,403) (4,621)
Tax payments for restricted stock units and stock options exercised (1,094)  
Proceeds from sale of common stock, net of offering costs 12,428  
Proceeds from exercise of stock options 445 6
Cash provided by financing activities 16,262 17,398
Increase in cash, cash equivalents and restricted cash 21,858 13,517
Cash, cash equivalents and restricted cash, beginning of period 19,603 6,086
Cash, cash equivalents and restricted cash, end of period 41,461 19,603
Supplemental Disclosures    
Cash paid for interest, net 494 706
Non-cash investing and financing activities:    
Operating right-of-use assets acquired 23,544 51,682
Lease liabilities assumed pursuant to acquisitions 26,166 51,682
Gift card liability assumed pursuant to acquisitions 1,362 3,923
Inventory acquired pursuant to acquisitions $ 623 $ 1,178