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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2024
Jan. 03, 2023
Dec. 28, 2021
Operating activities      
Net (loss) income $ (9,856) $ (3,314) $ 3,665
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 26,792 23,268 22,333
Deferred income taxes, net 26 (40) 29
Restaurant impairments, closure costs and asset disposals 3,981 2,261 3,538
Amortization of debt issuance costs 366 723 444
Stock-based compensation 4,235 4,328 4,110
Gain on insurance proceeds received for property damage (205) 0 (406)
Changes in operating assets and liabilities:      
Accounts receivable 1,201 (2,576) (491)
Inventories (303) (743) (382)
Prepaid expenses and other assets (520) 1,244 (492)
Accounts payable 2,206 (563) 4,689
Operating lease assets and liabilities (1,025) (5,417) (1,759)
Income taxes (161) (68) (64)
Accrued expenses and other liabilities 758 (9,546) 951
Net cash provided by operating activities 27,495 9,557 36,165
Investing activities      
Purchases of property and equipment (52,043) (33,886) (18,776)
Proceeds from restaurant refranchising 0 1,577 0
Insurance proceeds received for property damage 243 0 406
Net cash used in investing activities (51,800) (32,309) (18,370)
Financing activities      
Net borrowings from swing line loan (9) 4,781 0
Proceeds from borrowings on long-term debt 34,500 53,512 0
Payments on long-term debt 0 (32,850) (21,556)
Debt issuance costs (690) (1,077) 0
Payment of finance leases (2,376) (1,990) (1,925)
Repurchase of common stock (4,981) 0 0
Stock plan transactions and tax withholding on share-based compensation awards (649) (356) 101
Net cash provided by (used in) financing activities 25,795 22,020 (23,380)
Net increase (decrease) in cash and cash equivalents 1,490 (732) (5,585)
Cash and cash equivalents      
Beginning of year 1,523 2,255 7,840
End of year $ 3,013 $ 1,523 $ 2,255