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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 27, 2023
Dec. 28, 2022
Dec. 29, 2021
Cash flows from operating activities:      
Net income $ 19,945 $ 74,712 $ 78,073
Adjustments to reconcile net income to cash flows provided by operating activities:      
Depreciation and amortization 14,385 14,862 15,446
Goodwill impairment charges 6,363 0 0
Operating (gains), losses and other charges, net 2,530 (1,005) (46,105)
Losses (gains) and amortization on interest rate swap derivatives, net 10,959 (54,989) (12,629)
Amortization of deferred financing costs 635 634 1,105
(Gains) losses on investments (85) 305 21
Losses (gains) on early termination of debt and leases 17 (37) (523)
Deferred income tax (benefit) expense (1,703) 14,732 14,097
Increase (decrease) of tax valuation allowance 205 546 (5,031)
Share-based compensation expense 8,880 11,400 13,602
Changes in assets and liabilities, excluding acquisitions and dispositions:      
Receivables 3,904 (5,892) 1,373
Inventories 3,362 (460) (3,879)
Prepaids and other current assets (325) (1,138) 7,454
Other assets (2,509) (2,129) (1,881)
Operating lease assets and liabilities (628) (696) (1,521)
Accounts payable 4,032 3,918 6,608
Other accrued liabilities 3,356 (8,798) 15,480
Other noncurrent liabilities (1,198) (6,513) (5,517)
Net cash flows provided by operating activities 72,125 39,452 76,173
Cash flows from investing activities:      
Capital expenditures (9,978) (11,844) (7,355)
Acquisitions of restaurant and real estate (1,227) (750) (10,369)
Acquisition of Keke’s Breakfast Cafe 0 (82,500) 0
Collections (deposits) on real estate acquisitions 0 3,624 (3,624)
Initial operating lease direct costs (400) 0 0
Proceeds from sales of real estate and other assets 3,211 4,144 50,098
Investment purchases (1,300) (1,200) (500)
Proceeds from sale of investments 1,850 1,700 200
Collections on notes receivable 573 246 684
Issuance of notes receivable (293) (16) (120)
Net cash flows (used in) provided by investing activities (7,564) (86,596) 29,014
Cash flows from financing activities:      
Revolver borrowings 148,300 175,325 185,000
Revolver payments (154,300) (83,825) (225,000)
Long-term debt payments (1,786) (2,020) (2,118)
Tax withholding on share-based payments (3,007) (4,781) (1,516)
Deferred financing costs 0 0 (1,853)
Purchase of treasury stock (52,079) (64,975) (29,959)
Proceeds from exercise of stock options 0 0 116
Net bank overdrafts (319) 319 (3,125)
Net cash flows (used in) provided by financing activities (63,191) 20,043 (78,455)
Increase (decrease) in cash and cash equivalents 1,370 (27,101) 26,732
Cash and cash equivalents at beginning of period 3,523 30,624 3,892
Cash and cash equivalents at end of period $ 4,893 $ 3,523 $ 30,624