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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 29, 2020
Oct. 01, 2019
Operating activities    
Net (loss) income $ (19,440) $ 2,830
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 16,273 16,626
Deferred income taxes 72 64
Restaurant impairments, closure costs and asset disposals 3,034 3,647
Amortization of debt issuance costs 260 374
Stock-based compensation 1,904 1,780
Changes in operating assets and liabilities:    
Accounts receivable 230 122
Inventories 75 (349)
Prepaid expenses and other assets (802) (1,062)
Accounts payable 3,505 (864)
Income taxes 27 (6)
Operating lease assets and liabilities 4,034 (1,749)
Accrued expenses and other liabilities (858) (5,144)
Net cash provided by operating activities 8,314 16,269
Investing activities    
Purchases of property and equipment (9,887) (13,788)
Proceeds from Sale of Property, Plant, and Equipment 0 352
Franchise restaurant acquisition, net of cash acquired 0 (1,387)
Net cash used in investing activities (9,887) (14,823)
Financing activities    
Proceeds from issuance of long-term debt 55,500 0
Payments on long-term debt (54,125) (2,188)
Payments on finance leases (686) (543)
Debt issuance costs (731) 0
Stock plan transactions and tax withholding on share-based compensation awards (223) (284)
Net cash used in financing activities (265) (3,015)
Net decrease in cash and cash equivalents (1,838) (1,569)
Cash and cash equivalents    
Beginning of period 10,459 4,655
End of period $ 8,621 $ 3,086