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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2023
Jun. 28, 2022
Operating activities    
Net loss $ (4,419) $ (5,084)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 12,687 11,484
Deferred income taxes (103) (40)
Restaurant impairments, closure costs and asset disposals 1,092 1,363
Amortization of debt issuance costs 180 223
Stock-based compensation 2,778 2,618
Gain on insurance proceeds for property damage (62) 0
Changes in operating assets and liabilities:    
Accounts receivable 1,425 (55)
Inventories (215) (588)
Prepaid expenses and other assets (1,947) 768
Accounts payable (703) (438)
Income taxes (132) (103)
Operating lease assets and liabilities (394) (1,741)
Accrued expenses and other liabilities 199 (2,364)
Net cash provided by operating activities 10,386 6,043
Investing activities    
Purchases of property and equipment (23,913) (16,724)
Insurance proceeds received for property damage 100 0
Proceeds from restaurant divestitures 0 1,577
Net cash used in investing activities (23,813) (15,147)
Financing activities    
Net borrowings from swing line loan 3,971 509
Proceeds from borrowings on long-term debt 13,000 10,600
Payments on long-term debt 0 (1,125)
Payments on finance leases (1,240) (1,002)
Debt issuance costs 0 (27)
Stock plan transactions and tax withholding on share-based compensation awards (685) (317)
Net cash provided by financing activities 15,046 8,638
Net increase (decrease) in cash and cash equivalents 1,619 (466)
Cash and cash equivalents    
Beginning of period 1,523 2,255
End of period $ 3,142 $ 1,789