XML 63 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 27, 2011
Dec. 28, 2010
Dec. 29, 2009
Cash flows from operating activities:      
Net income including noncontrolling interests $ 66,427 $ 60,689 $ 49,318
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 42,709 41,283 41,822
Deferred income taxes 70 1,799 (126)
Loss on disposition of assets 2,378 1,766 1,183
Impairment and closure 1,127 1,821 2,908
Equity income from investments in unconsolidated affiliates (366) (428) (221)
Distributions received from investments in unconsolidated affiliates 336 383 322
Provision for doubtful accounts 183 (43) 387
Share-based compensation expense 10,525 7,686 7,493
Changes in operating working capital:      
Receivables (4,146) (208) (2,777)
Inventories (1,533) (1,193) 136
Prepaid expenses and other current assets 159 (1,593) 468
Other assets (3,497) (1,058) (2,755)
Accounts payable 5,880 (1,018) (4,293)
Deferred revenue - gift cards/certificates 4,893 4,722 2,178
Accrued wages 2,651 864 4,686
Excess tax benefits from share-based compensation (2,255) (3,159) (1,774)
Prepaid income taxes and income taxes payable 2,055 (3,212) 11,962
Accrued taxes and licenses 63 3,739 15
Other accrued liabilities 5,262 1,715 (287)
Deferred rent 2,676 2,368 2,169
Other liabilities 1,910 2,985 2,315
Net cash provided by operating activities 137,507 119,908 115,129
Cash flows from investing activities:      
Capital expenditures - property and equipment (81,758) (45,051) (45,516)
Acquisition of franchise restaurants, net of cash acquired     25
Proceeds from sale of property and equipment, including insurance proceeds 188 235 2,357
Net cash used in investing activities (81,570) (44,816) (43,134)
Cash flows from financing activities:      
Proceeds from (repayments of) revolving credit facility, net 10,000 (49,000) (31,000)
Repurchase of shares of common stock (59,147)    
Investments in unconsolidated affiliates   (35) (34)
Distributions to noncontrolling interest holders (2,270) (2,212) (2,068)
Excess tax benefits from share-based compensation 2,255 3,159 1,774
Proceeds from (repayment of) stock option and other deposits 494 399 (131)
Indirect repurchase of shares for minimum tax withholdings (3,483) (2,828) (1,484)
Principal payments on long-term debt and capital lease obligations (275) (246) (284)
Proceeds from exercise of stock options 5,017 11,028 2,832
Dividends paid to shareholders (17,012)    
Net cash used in financing activities (64,421) (39,735) (30,395)
Net (decrease) increase in cash and cash equivalents (8,484) 35,357 41,600
Cash and cash equivalents - beginning of year 82,215 46,858 5,258
Cash and cash equivalents - end of year 73,731 82,215 46,858
Supplemental disclosures of cash flow information:      
Interest, net of amounts capitalized 2,368 2,628 3,315
Income taxes $ 24,641 $ 29,095 $ 11,657