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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2016
Sep. 26, 2015
Operating activities    
Net income $ 11,122 $ 6,311
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 2,187 1,944
Excess tax benefit of stock-based compensation (1,019) (757)
Deferred income taxes (68) (660)
Stock-based compensation expense 392 492
Amortization of debt issuance costs 357 299
Changes in operating assets and liabilities:    
Accounts receivable 875 (4)
Prepaid expenses and other assets (98) (991)
Accounts payable and other current liabilities 961 834
Deferred revenue 201 203
Other non-current liabilities (attributable to deferred rent and lease incentives) 169 210
Cash provided by operating activities 15,079 7,881
Investing activities    
Purchases of property and equipment (1,471) (1,329)
Cash used in investing activities (1,471) (1,329)
Financing activities    
Proceeds from issuance of common stock, net of expenses 0 34,651
Proceeds from exercise of stock options 459 478
Borrowings of long-term debt 165,000 40,000
Principal payments on long-term debt (102,500) (38,218)
Payment of deferred financing costs (1,180) (227)
Excess tax benefit of stock-based compensation 1,019 757
Dividends paid (83,268) (47,999)
Cash used in financing activities (20,470) (10,558)
Net change in cash and cash equivalents (6,862) (4,006)
Cash and cash equivalents at beginning of period 10,690 9,723
Cash and cash equivalents at end of period $ 3,828 $ 5,717