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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 29, 2022
Mar. 30, 2021
Operating activities    
Net loss $ (6,429) $ (1,977)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 5,721 5,587
Deferred income taxes (84) (10)
Restaurant impairments, closure costs and asset disposals 496 618
Amortization of debt issuance costs 112 111
Stock-based compensation 1,120 720
Changes in operating assets and liabilities:    
Accounts receivable (513) 71
Inventories (315) 111
Prepaid expenses and other assets 1,378 (717)
Accounts payable (716) 3,543
Income taxes 1 0
Operating lease assets and liabilities (826) (1,412)
Accrued expenses and other liabilities (6,005) (2,866)
Net cash (used in) provided by operating activities (6,060) 3,779
Investing activities    
Purchases of property and equipment (8,412) (2,733)
Proceeds from restaurant divestitures 1,577 0
Net cash used in investing activities (6,835) (2,733)
Financing activities    
Net borrowings from swing line loan 3,195 0
Proceeds from borrowings on long-term debt 10,600 0
Payments on long-term debt (750) (5,042)
Payments on finance leases (505) (392)
Stock plan transactions and tax withholding on share-based compensation awards (299) (335)
Net cash provided by (used in) financing activities 12,241 (5,769)
Net decrease in cash and cash equivalents (654) (4,723)
Cash and cash equivalents    
Beginning of period 2,255 7,840
End of period $ 1,601 $ 3,117