XML 44 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 26, 2012
Dec. 28, 2011
Dec. 29, 2010
Cash flows from operating activities:      
Net income $ 22,309 $ 112,287 $ 22,713
Adjustments to reconcile net income to cash flows provided by operating activities:      
Depreciation and amortization 22,304 27,979 29,637
Operating (gains), losses and other charges, net 482 2,102 (4,944)
Amortization of deferred financing costs 775 1,374 1,045
Amortization of debt discount 137 547 160
Loss on early extinguishment of debt 8,290 2,589 4,755
Loss on change in the fair value of interest rate cap 61 0 0
Loss on interest rate swap 0 0 167
Deferred income tax expense 11,423 3,223 324
Reversal of tax valuation allowance (661) (89,102) 0
Share-based compensation 3,496 4,219 2,840
Decrease (increase) in assets:      
Receivables (1,740) 2,232 (1,713)
Inventories 548 598 128
Other current assets 2,820 (1,112) (634)
Other assets (3,172) 405 (2,534)
Increase (decrease) in liabilities:      
Accounts payable (1,217) 2,042 1,366
Accrued salaries and vacations 2,279 934 (5,983)
Accrued taxes (747) (620) (429)
Other accrued liabilities (4,420) (4,687) (4,108)
Other noncurrent liabilities and deferred credits (3,763) (5,501) (4,535)
Net cash flows provided by operating activities 59,204 59,509 38,255
Cash flows from investing activities:      
Purchase of property (14,164) (16,089) (27,381)
Acquisition of restaurant (1,422) 0 0
Proceeds from disposition of property 15,555 8,598 18,680
Collections on notes receivable 1,970 1,347 3,421
Issuance of notes receivable (5,440) 0 0
Purchase of trademarks 0 (1,553) 0
Net cash flows used in investing activities (3,501) (7,697) (5,280)
Cash flows from financing activities:      
Net borrowings under new credit agreement 190,000 0 246,250
Long-term debt payments (222,741) (46,253) (268,769)
Debt transaction costs (1,097) (839) (2,695)
Deferred financing costs (1,809) (3,421) (5,342)
Purchase of treasury stock (21,618) (21,569) (3,890)
Proceeds from exercise of stock options 2,180 4,850 4,027
Tax withholding on share-based payments (327) (377) (455)
Tax benefit of share-based compensation 1,010 670 0
Net bank overdrafts (1,476) (207) 448
Net cash flows used in financing activities (55,878) (67,146) (30,426)
Increase (decrease) in cash and cash equivalents (175) (15,334) 2,549
Cash and cash equivalents at beginning of period 13,740 29,074 26,525
Cash and cash equivalents at end of period $ 13,565 $ 13,740 $ 29,074