XML 20 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 23, 2020
Sep. 25, 2019
OPERATING ACTIVITIES    
Net income (loss) (including amounts attributable to non-controlling interests) $ (25,220) $ 26,201
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation expense 36,233 29,239
Capitalized Computer Software, Amortization 1,086 107
Non-cash operating lease cost 33,726 29,329
Equity-based compensation 4,058 5,751
Deferred income taxes 8,680 (1,152)
Non-cash interest expense 48 85
Gain on sale of marketable securities (79) (22)
Impairment and loss on disposal of assets 2,924 1,031
Unrealized (gain) loss on available-for-sale securities 22 (231)
Other non-cash expense 906 2
Changes in operating assets and liabilities:    
Accounts receivable 2,241 8,320
Inventories (162) (33)
Prepaid expenses and other current assets (759) 265
Other assets (2,111) (6,735)
Accounts payable 4,349 4,038
Accrued expenses (13,361) 2,841
Accrued wages and related liabilities (2,214) (915)
Other current liabilities 437 638
Long-term operating lease liabilities (25,298) (26,932)
Other long-term liabilities 2,992 1,216
NET CASH PROVIDED BY OPERATING ACTIVITIES 28,498 73,043
INVESTING ACTIVITIES    
Purchases of property and equipment (47,002) (80,904)
Purchases of marketable securities (314) (970)
Sales of marketable securities 20,000 27,000
NET CASH USED IN INVESTING ACTIVITIES (27,316) (54,874)
FINANCING ACTIVITIES    
Proceeds from revolving credit facility 50,000 0
Payments on revolving credit facility (50,000) 0
Deferred financing costs (64) (286)
Proceeds from issuance of Class A common stock sold in equity offerings, net of underwriting discounts, commissions and offering costs 144,997 0
Payments on principal of finance leases (1,670) (1,433)
Distributions paid to non-controlling interest holders (478) (1,706)
Payments under tax receivable agreement (6,643) (707)
Proceeds from stock option exercises 2,239 7,089
Payment, Tax Withholding, Share-based Payment Arrangement (1,779) (1,371)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 136,602 1,586
NET INCREASE IN CASH AND CASH EQUIVALENTS 137,784 19,755
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 37,099 24,750
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 174,883 $ 44,505