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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Oct. 03, 2023
Sep. 27, 2022
Operating activities    
Net loss $ (3,719) $ (4,289)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 19,313 17,310
Deferred income taxes 45 (41)
Restaurant impairments, closure costs and asset disposals 2,385 1,688
Amortization of debt issuance costs 270 627
Stock-based compensation 3,472 3,354
Gain on insurance proceeds for property damage (205) 0
Changes in operating assets and liabilities:    
Accounts receivable 1,676 (1,210)
Inventories (327) (709)
Prepaid expenses and other assets (1,380) 923
Accounts payable 3,164 (592)
Income taxes (156) (119)
Operating lease assets and liabilities (342) (2,440)
Accrued expenses and other liabilities 3,135 (6,682)
Net cash provided by operating activities 27,331 7,820
Investing activities    
Purchases of property and equipment (36,722) (22,549)
Insurance proceeds received for property damage 100 0
Proceeds from restaurant divestitures 0 1,577
Net cash used in investing activities (36,622) (20,972)
Financing activities    
Net (payments) borrowings from swing line loan (4,781)  
Net (payments) borrowings from swing line loan   4,967
Proceeds from borrowings on long-term debt 22,500 43,512
Payments on long-term debt 0 (32,850)
Payments on finance leases (1,796) (1,442)
Debt issuance costs 0 (1,077)
Repurchase of common stock (4,981) 0
Stock plan transactions and tax withholding on share-based compensation awards (644) (373)
Net cash provided by financing activities 10,298 12,737
Net increase (decrease) in cash and cash equivalents 1,007 (415)
Cash and cash equivalents    
Beginning of period 1,523 2,255
End of period $ 2,530 $ 1,840