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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
7 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 25, 2014
May. 28, 2015
May. 29, 2014
May. 30, 2013
OPERATING ACTIVITIES          
Net earnings $ 23,443 $ 16,700 $ 23,642 $ 20,899 $ 23,331
Adjustments to reconcile net earnings to net cash provided by operating activities:          
Extinguishment of debt 0 0 0 0 (6,008)
Losses on investments in joint ventures 36 63 186 250 450
Distributions from joint ventures 152 120 166 120 120
Loss on disposition of property, equipment and other assets 490 719 1,463 993 266
Impairment charge 0 0 2,919 0 1,512
Amortization of loss on swap agreement 0 0 0 0 99
Amortization of favorable lease right 194 194 334 334 334
Depreciation and amortization 24,073 22,412 38,810 33,845 33,827
Stock compensation expense 975 803 1,499 1,781 1,772
Deferred income taxes (1,079) 93 5,614 (451) (1,146)
Deferred compensation and other 1,564 3,125 3,531 850 (44)
Contribution of the Company’s stock to savings and profit-sharing plan 0 0 888 782 834
Changes in operating assets and liabilities:          
Accounts and notes receivable 2,967 (1,365) (5,627) (877) (42)
Other current assets (388) (329) (845) 836 1,014
Accounts payable (665) 3,269 2,355 748 5,733
Income taxes 7,567 5,442 (925) (2,544) 2,876
Taxes other than income taxes 2,550 2,341 766 333 890
Accrued compensation (3,085) (1,310) 2,440 1,974 (1,158)
Other accrued liabilities 8,016 2,738 3,236 6,567 (1,458)
Total adjustments 43,367 38,315 56,810 45,541 39,871
Net cash provided by operating activities 66,810 55,015 80,452 66,440 63,202
INVESTING ACTIVITIES          
Capital expenditures (44,452) (33,856) (74,988) (56,673) (22,635)
Purchase of hotel 0 0 0 0 (856)
Proceeds from disposals of property, equipment and other assets 13,977 183 226 1,926 4,662
Increase in restricted cash (9,259) (1,276) (728) (137) (1,513)
(Increase) decrease in other assets 495 887 (786) (1,227) (1,674)
Capital contribution in joint venture 0 (400) (399) (1,366) 0
Purchase of interest in joint venture (1,600) (1,500) (1,500) 0 (444)
Cash advanced to joint ventures 0 0 0 (231) (101)
Net cash used in investing activities (40,839) (35,962) (78,175) (57,708) (22,561)
FINANCING ACTIVITIES          
Proceeds from borrowings on revolving credit facility 108,500 80,000 162,500 92,500 198,250
Repayment of borrowings on revolving credit facility (126,500) (80,000) (148,500) (115,500) (212,250)
Proceeds from issuance of long-term debt 0 0 0 52,700 64,350
Principal payments on long-term debt (3,339) (2,433) (7,176) (31,886) (27,763)
Debt issuance costs 0 0 0 (316) (1,527)
Equity transactions:          
Treasury stock transactions, except for stock options 594 182 (773) (3,886) (24,131)
Exercise of stock options 860 1,113 2,964 5,605 2,182
Dividends paid (5,632) (5,052) (10,390) (9,203) (35,614)
Distributions to noncontrolling interest (505) (959) (959) (2,124) 0
Net cash used in financing activities (26,022) (7,149) (2,334) (12,110) (36,503)
Net increase (decrease) in cash and cash equivalents (51) 11,904 (57) (3,378) 4,138
Cash and cash equivalents at beginning of year 6,723 6,780 6,780 10,158 6,020
Cash and cash equivalents at end of year 6,672 18,684 6,723 6,780 10,158
Supplemental Information:          
Change in accounts payable for additions to property and equipment (7,370) (4,018) 3,467 4,876 652
Non-cash contribution in joint venture $ 400 $ 0 $ 0 $ 0 $ 0