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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 25, 2019
Dec. 26, 2018
Dec. 27, 2017
Cash flows from operating activities:      
Net income $ 117,410 $ 43,693 $ 39,594
Adjustments to reconcile net income to cash flows provided by operating activities:      
Depreciation and amortization 19,846 27,039 23,720
Operating (gains), losses and other charges, net (91,180) 2,620 4,329
Amortization of deferred financing costs 608 607 596
Gains on investments (180) (9) 0
(Gains) losses on early extinguishments of debt and leases (4) (171) 130
Deferred income tax expense 16,005 6,193 10,271
(Decrease) increase of tax valuation allowance (2,935) 121 216
Share-based compensation 6,694 6,038 8,541
Changes in assets and liabilities:      
Receivables (2,030) (4,722) (807)
Inventories 1,668 141 (192)
Other current assets (4,108) 921 (2,380)
Other assets (4,581) 2 (6,327)
Operating lease assets/liabilities (601)    
Accounts payable (5,170) (5,147) 10,025
Accrued salaries and vacations (3,826) 2,175 (6,446)
Accrued taxes (2,043) 283 (23)
Other accrued liabilities (4,144) (1,676) 135
Other noncurrent liabilities 1,898 (4,418) (3,113)
Net cash flows provided by operating activities 43,327 73,690 78,269
Cash flows from investing activities:      
Capital expenditures (13,975) (22,025) (18,811)
Acquisition of restaurants and real estate (11,320) (10,416) (12,353)
Proceeds from disposition of property 129,721 3,052 2,318
Investment purchases (1,760) (1,700) 0
Collections on notes receivable 3,654 2,740 4,405
Issuance of notes receivable (1,351) (3,668) (2,706)
Net cash flows provided by (used in) investing activities 104,969 (32,017) (27,147)
Cash flows from financing activities:      
Revolver borrowings 164,400 136,000 391,900
Revolver payments (210,900) (108,500) (351,400)
Long-term debt payments (2,464) (3,181) (3,322)
Tax withholding on share-based payments (3,206) (1,714) 0
Deferred financing costs 0 0 (1,602)
Purchase of treasury stock (94,459) (61,237) (83,050)
Purchase of equity forward contract 0 (6,763) 0
Proceeds from exercise of stock options 971 1,225 655
Net bank overdrafts (4,292) 2,540 (1,912)
Net cash flows used in financing activities (149,950) (41,630) (48,731)
(Decrease) increase in cash and cash equivalents (1,654) 43 2,391
Cash and cash equivalents at beginning of period 5,026 4,983 2,592
Cash and cash equivalents at end of period $ 3,372 $ 5,026 $ 4,983