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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 30, 2020
Dec. 25, 2019
Dec. 26, 2018
OPERATING ACTIVITIES      
Net income (loss) (including amounts attributable to non-controlling interests) $ (45,534) $ 24,128 $ 21,948
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation expense 48,801 40,392 29,000
Amortization of cloud computing asset 1,444 312 0
Non-cash operating lease cost 44,910 40,068 0
Equity-based compensation 5,560 7,505 6,143
Deferred income taxes (1,356) (6,064) 788
Non-cash interest expense 66 170 72
(Gain) loss on sale of marketable securities (79) (22) 16
Impairment and loss on disposal of assets 10,151 1,352 917
Other non-cash expense (income) 1,937 (338) (78)
Unrealized (gain) loss on equity securities 59   0
Unrealized Gain (Loss) on Investments   194  
Net loss on sublease 0 0 672
Changes in operating assets and liabilities:      
Accounts receivable 1,006 10,726 5,530
Inventories (667) (472) (491)
Prepaid expenses and other current assets (5,197) 134 (270)
Other assets (2,940) (8,245) (2,726)
Accounts payable 4,626 4,248 3,156
Accrued expenses 2,170 9,856 7,979
Accrued wages and related liabilities (1,010) 799 4,424
Other current liabilities 1,752 1,438 860
Deferred rent 0 0 1,247
Long-term operating lease liabilities (33,724) (37,308) 0
Other long-term liabilities 5,375 1,372 6,208
NET CASH PROVIDED BY OPERATING ACTIVITIES 37,350 89,857 85,395
INVESTING ACTIVITIES      
Purchases of property and equipment (69,038) (106,507) (87,525)
Purchases of marketable securities (20,359) (1,179) (1,223)
Sales of marketable securities 20,000 27,000 2,144
NET CASH USED IN INVESTING ACTIVITIES (69,397) (80,686) (86,604)
FINANCING ACTIVITIES      
Proceeds from Revolving Credit Facility 50,000 0 0
Payments on Revolving Credit Facility (50,000) 0 0
Proceeds from deemed landlord financing 0 0 1,382
Payments on deemed landlord financing 0 0 (702)
Deferred financing costs (64) (286) 0
Proceeds from issuance of Class A common stock sold in equity offerings, net of underwriting discounts, commissions and offering costs 144,997 0 0
Payments on principal of finance leases (2,206) (1,926) 0
Distributions paid to non-controlling interest holders (478) (1,708) (751)
Payments under tax receivable agreement (6,643) (707) 0
Net proceeds from stock option exercises 8,033 9,201 5,472
Employee withholding taxes related to net settled equity awards (1,818) (1,396) (949)
NET CASH PROVIDED BY FINANCING ACTIVITIES 141,821 3,178 4,452
INCREASE IN CASH AND CASH EQUIVALENTS 109,774 12,349 3,243
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 37,099 24,750 21,507
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 146,873 $ 37,099 $ 24,750