XML 20 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Apr. 02, 2019
Operating activities    
Net loss $ (5,835) $ (1,851)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 5,335 5,507
Deferred income taxes 13 0
Restaurant impairments, closure costs and asset disposals 750 145
Amortization of debt issuance costs 73 125
Stock-based compensation 159 726
Changes in operating assets and liabilities:    
Accounts receivable 1,577 362
Inventories 304 (223)
Prepaid expenses and other assets 1,131 50
Accounts payable (106) 2,798
Income taxes (52) (6)
Operating lease assets and liabilities 2,885 (328)
Accrued expenses and other liabilities (6,892) (7,191)
Net cash (used in) provided by operating activities (658) 114
Investing activities    
Purchases of property and equipment (3,919) (4,164)
Franchise restaurant acquisition, net of cash acquired 0 (1,387)
Net cash used in investing activities (3,919) (5,551)
Financing activities    
Net payments from swing line loan 0 3,071
Proceeds from issuance of long-term debt 47,000 0
Payments on long-term debt (2,188) (313)
Payments on finance leases (163) (197)
Stock plan transactions and tax withholding on share-based compensation awards (1) 21
Net cash provided by financing activities 44,648 2,582
Net increase (decrease) in cash and cash equivalents 40,071 (2,855)
Cash and cash equivalents    
Beginning of period 10,459 4,655
End of period $ 50,530 $ 1,800