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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2023
Mar. 29, 2022
Operating activities    
Net loss $ (3,115) $ (6,429)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,250 5,721
Deferred income taxes (73) (84)
Restaurant impairments, closure costs and asset disposals 398 496
Amortization of debt issuance costs 90 112
Stock-based compensation 1,302 1,120
Changes in operating assets and liabilities:    
Accounts receivable 1,606 (513)
Inventories 77 (315)
Prepaid expenses and other assets (749) 1,378
Accounts payable (996) (716)
Income taxes (10) 1
Operating lease assets and liabilities (640) (826)
Accrued expenses and other liabilities 3,082 (6,005)
Net cash provided by (used in) operating activities 7,222 (6,060)
Investing activities    
Purchases of property and equipment (10,436) (8,412)
Proceeds from restaurant divestitures 0 1,577
Net cash used in investing activities (10,436) (6,835)
Financing activities    
Net borrowings from swing line loan 575 3,195
Proceeds from borrowings on long-term debt 4,500 10,600
Payments on long-term debt 0 (750)
Payments on finance leases (679) (505)
Stock plan transactions and tax withholding on share-based compensation awards (641) (299)
Net cash provided by financing activities 3,755 12,241
Net increase (decrease) in cash and cash equivalents 541 (654)
Cash and cash equivalents    
Beginning of period 1,523 2,255
End of period $ 2,064 $ 1,601