XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Jan. 02, 2024
Jan. 03, 2023
Cash flows from operating activities:      
Net income $ 16,687 $ 19,660 $ 4,076
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 72,745 70,992 70,385
Non-cash lease expense 32,227 33,030 33,541
Amortization of financing costs 211 217 221
Deferred income taxes, net (12,171) (11,835) (13,410)
Stock-based compensation expense 8,629 10,902 10,098
Loss on disposal and impairment of assets, net 18,414 8,125 6,200
Extension of warrant 4,622 0 0
Gain on lease transactions, net 0 0 (3,318)
Equity method investment loss 504 230 0
Changes in assets and liabilities:      
Accounts and other receivables (83) 10,776 1,436
Inventories, net 1,149 (750) 286
Prepaid expenses and other current assets (1,879) (5,642) (6,026)
Other assets, net (4,836) (3,227) 1,210
Accounts payable (4,323) 6,052 4,056
Accrued expenses 4,035 4,070 (13,622)
Operating lease obligations (37,314) (37,144) (39,939)
Other liabilities 2,855 381 (4,072)
Net cash provided by operating activities 101,472 105,837 51,122
Cash flows from investing activities:      
Purchases of property and equipment (76,900) (98,914) (78,606)
Proceeds from sale of assets 7 3 6,699
Net cash used in investing activities (76,893) (98,911) (71,907)
Cash flows from financing activities:      
Borrowings on line of credit 884,600 762,000 710,000
Payments on line of credit (886,100) (754,000) (700,000)
Payments of debt issuance costs 0 0 (3)
Taxes paid on vested stock units under employee plans (1,122) (573) (381)
Proceeds from exercise of stock options 207 875 0
Cash dividends accrued under stock-based compensation plans (13) (32) (100)
Repurchases of common stock (25,125) (10,999) (2,385)
Net cash (used in) provided by financing activities (27,553) (2,729) 7,131
Net (decrease) increase in cash and cash equivalents (2,974) 4,197 (13,654)
Cash and cash equivalents, beginning of year 29,070 24,873 38,527
Cash and cash equivalents, end of year 26,096 29,070 24,873
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 5,256 489 543
Cash paid for interest, net of capitalized interest 4,659 3,758 1,790
Cash paid for operating lease obligations 62,748 63,504 66,872
Supplemental disclosure of non-cash operating, investing and financing activities:      
Operating lease assets obtained in exchange for operating lease liabilities 19,922 15,934 38,501
Receivable related to proceeds from disposal of assets   1,252  
Property and equipment acquired and included in accounts payable 4,607 9,914 14,888
Equity method investment in exchange for internally developed software     5,000
Stock-based compensation capitalized [1] $ 357 $ 380 $ 326
[1] Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on our Consolidated Balance Sheets.