XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 28, 2021
Dec. 29, 2020
Dec. 31, 2019
Operating activities      
Net income (loss) $ 3,665 $ (23,259) $ 1,647
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 22,333 21,709 22,086
Deferred income taxes, net 29 40 68
Restaurant impairments, closure costs and asset disposals 3,538 4,782 7,808
Loss on extinguishment of debt 0 0 746
Amortization of debt issuance costs 444 371 474
Stock-based compensation 4,110 2,497 2,443
Gain on insurance proceeds received for property damage (406) (200) (489)
Changes in operating assets and liabilities:      
Accounts receivable (491) (392) (630)
Inventories (382) 61 (625)
Prepaid expenses and other assets (492) (14) (690)
Accounts payable 4,689 (1,287) 406
Operating lease assets and liabilities (1,759) 2,847 (2,202)
Income taxes (64) 59 82
Accrued expenses and other liabilities 951 1,910 (1,064)
Net cash provided by operating activities 36,165 9,124 30,060
Investing activities      
Purchases of property and equipment (18,776) (11,782) (17,404)
Franchise restaurant acquisition, net of cash acquired 0 0 (1,387)
Proceeds from disposal of property and equipment 0 0 352
Insurance proceeds received for property damage 406 837 0
Net cash used in investing activities (18,370) (10,945) (18,439)
Financing activities      
Proceeds from borrowings on long-term debt 0 55,500 1,917
Payments on long-term debt (21,556) (54,313) (5,875)
Debt issuance costs 0 (731) (917)
Payment of finance leases (1,925) (1,080) (690)
Stock plan transactions and tax withholding on share-based compensation awards 101 (174) (252)
Net cash used in financing activities (23,380) (798) (5,817)
Net (decrease) increase in cash and cash equivalents (5,585) (2,619) 5,804
Cash and cash equivalents      
Beginning of year 7,840 10,459 4,655
End of year $ 2,255 $ 7,840 $ 10,459