XML 20 R8.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 24, 2020
Cash flows from operating activities:    
Net income (loss) $ 22,353 $ (13,952)
Adjustments to reconcile net income (loss) to cash flows provided by (used in) operating activities:    
Depreciation and amortization 7,558 8,204
Operating (gains), losses and other charges, net 419 3,100
(Gains) losses and amortization on interest rate swap derivatives, net (12,506) 11,466
Amortization of deferred financing costs 688 340
Losses (gains) on investments 3 (91)
(Gains) losses on termination of leases (72) 53
Deferred income tax expense (benefit) 2,211 (3,705)
Share-based compensation expense (benefit) 6,860 (26)
Changes in assets and liabilities:    
Receivables 757 9,342
Inventories (98) 175
Prepaids and other current assets (6,677) 2,593
Other noncurrent assets (1,317) 106
Operating lease assets and liabilities (821) 1,769
Accounts payable 5,620 (537)
Accrued payroll 1,992 (11,519)
Accrued taxes 434 (712)
Other accrued liabilities 4,649 (6,551)
Other noncurrent liabilities (2,036) (2,827)
Net cash flows provided by (used in) operating activities 43,371 (7,958)
Cash flows from investing activities:    
Capital expenditures (3,108) (4,476)
Proceeds from sales of restaurants, real estate and other assets 1,612 2,208
Investment purchases 0 (1,400)
Proceeds from sale of investments 200 2,900
Collections on notes receivable 383 918
Issuance of notes receivable (94) (484)
Net cash flows used in investing activities (1,007) (334)
Cash flows from financing activities:    
Revolver borrowings 9,500 130,000
Revolver payments (39,500) (63,000)
Long-term debt payments (980) (594)
Proceeds from exercise of stock options 116 66
Tax withholding on share-based payments (1,377) (3,036)
Deferred financing costs (8) (982)
Purchase of treasury stock 0 (36,008)
Net bank overdrafts (3,125) (449)
Net cash flows provided by (used in) financing activities (35,374) 25,997
Increase in cash and cash equivalents 6,990 17,705
Cash and cash equivalents at beginning of period 3,892 3,372
Cash and cash equivalents at end of period $ 10,882 $ 21,077