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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 27, 2022
Sep. 28, 2021
Operating activities    
Net (loss) income $ (4,289) $ 8,403
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 17,310 16,734
Deferred income taxes (41) 41
Restaurant impairments, closure costs and asset disposals 1,688 1,441
Amortization of debt issuance costs 627 333
Stock-based compensation 3,354 3,436
Gain on insurance proceeds 0 (406)
Changes in operating assets and liabilities:    
Accounts receivable (1,210) (431)
Inventories (709) (221)
Prepaid expenses and other assets 923 (1,893)
Accounts payable (592) 3,149
Income taxes (119) (22)
Operating lease assets and liabilities (2,440) (649)
Accrued expenses and other liabilities (6,682) (19)
Net cash provided by operating activities 7,820 29,896
Investing activities    
Purchases of property and equipment (22,549) (12,965)
Insurance proceeds received for property damage 0 406
Proceeds from restaurant divestitures 1,577 0
Net cash used in investing activities (20,972) (12,559)
Financing activities    
Net borrowings from swing line loan 4,967 0
Proceeds from borrowings on long-term debt 43,512 0
Payments on long-term debt (32,850) (20,118)
Debt issuance costs (1,077) 0
Payments on finance leases (1,442) (1,429)
Stock plan transactions and tax withholding on share-based compensation awards (373) (481)
Net cash provided by (used in) financing activities 12,737 (22,028)
Net decrease in cash and cash equivalents (415) (4,691)
Cash and cash equivalents    
Beginning of period 2,255 7,840
End of period $ 1,840 $ 3,149