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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Operating activities    
Net income $ 13,007 $ 11,164
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 2,029 1,526
Deferred income taxes (157) (506)
Stock-based compensation expense 1,256 541
Amortization of debt issuance costs 175 146
Changes in operating assets and liabilities:    
Accounts receivable 83 (619)
Prepaid expenses and other assets (211) (568)
Advertising fund assets and liabilities, net 189 (121)
Accounts payable and other current liabilities 909 (2,281)
Deferred revenue 351 1,366
Other non-current liabilities (86) (83)
Cash provided by operating activities 17,545 10,565
Investing activities    
Purchases of property and equipment (1,311) (1,301)
Acquisition of restaurant from franchisee 5,996 0
Cash used in investing activities (7,307) (1,301)
Financing activities    
Proceeds from exercise of stock options 455 1,062
Borrowings of long-term debt 230,108 0
Repayments of long-term debt (143,750) (9,750)
Payment of deferred financing costs (782) 0
Tax payments for restricted stock upon vesting (142) 0
Dividends paid (96,854) 0
Cash used in financing activities (10,965) (8,688)
Net change in cash, cash equivalents, and restricted cash (727) 576
Cash, cash equivalents, and restricted cash at beginning of period 6,392 5,693
Cash, cash equivalents, and restricted cash at end of period $ 5,665 $ 6,269