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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Oct. 01, 2024
Cash flows from operating activities:    
Net income $ 36,165 $ 21,953
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56,324 54,229
Non-cash lease expense 25,758 23,899
Amortization of financing costs 167 163
Deferred income taxes (2,893) (4,958)
Stock-based compensation expense 6,090 6,156
Loss on disposal and impairment of assets, net 943 3,041
Equity method investment 73 381
Changes in assets and liabilities:    
Accounts and other receivables 4,293 2,816
Inventories, net 752 801
Prepaid expenses and other current assets 2,126 3,512
Other assets, net (3,432) (4,189)
Accounts payable (5,107) (9,383)
Accrued expenses (148) 1,343
Operating lease obligations (29,847) (32,941)
Other liabilities 696 3,019
Net cash provided by operating activities 91,960 69,842
Cash flows from investing activities:    
Purchases of property and equipment (58,513) (61,028)
Proceeds from disposal of assets 39 0
Net cash used in investing activities (58,474) (61,028)
Cash flows from financing activities:    
Borrowings on credit facility 803,187 646,100
Payments on credit facility (780,187) (647,600)
Payments of debt issuance costs (845) 0
Taxes paid on vested stock units under employee plans (740) (1,036)
Proceeds from exercise of stock options 6,839 168
Cash dividends accrued under stock compensation plans 0 (11)
Repurchase of common stock (62,405) (17,083)
Net cash used in financing activities (34,151) (19,462)
Net decrease in cash and cash equivalents (665) (10,648)
Cash and cash equivalents, beginning of period 26,096 29,070
Cash and cash equivalents, end of period 25,431 18,422
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 4,925 4,723
Cash paid for interest, net of capitalized interest 2,895 3,420
Cash paid for operating lease obligations 48,753 46,826
Supplemental disclosure of non-cash investing and financing activities:    
Operating lease assets obtained in exchange for operating lease obligations 7,086 15,990
Property and equipment acquired and included in accounts payable 3,727 6,314
Stock-based compensation capitalized [1] $ 232 $ 255
[1] Capitalized stock-based compensation relates to our restaurant development personnel and is included in “Property and equipment, net” on the Consolidated Balance Sheets.