XML 19 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 29, 2021
Jun. 30, 2020
Operating activities    
Net income (loss) $ 3,706 $ (19,313)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 11,163 10,732
Deferred income taxes 16 47
Restaurant impairments, closure costs and asset disposals 898 3,029
Amortization of debt issuance costs 222 149
Stock-based compensation 2,283 1,253
Gain on insurance proceeds (406) 0
Changes in operating assets and liabilities:    
Accounts receivable (521) 1,190
Inventories (1) 306
Prepaid expenses and other assets (961) 87
Accounts payable 3,060 2,722
Income taxes (26) (77)
Operating lease assets and liabilities 830 7,507
Accrued expenses and other liabilities 2,983 (925)
Net cash provided by operating activities 23,246 6,707
Investing activities    
Purchases of property and equipment (7,476) (6,810)
Net cash used in investing activities (7,476) (6,810)
Financing activities    
Proceeds from issuance of long-term debt 0 55,500
Payments on long-term debt (5,042) (2,375)
Payments on finance leases (965) (402)
Debt issuance costs 0 (731)
Stock plan transactions and tax withholding on share-based compensation awards (279) (272)
Net cash (used in) provided by financing activities (6,286) 51,720
Net increase in cash and cash equivalents 9,484 51,617
Cash and cash equivalents    
Beginning of period 7,840 10,459
End of period $ 17,324 $ 62,076