XML 31 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 01, 2015
Jun. 25, 2014
Cash flows from operating activities:    
Net income $ 18,267 $ 14,704
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 10,338 10,519
Operating (gains), losses and other charges, net 836 462
Amortization of deferred financing costs 243 242
Loss (gain) on early extinguishments of debt 266 (1)
Loss on change in the fair value of interest rate caps 0 11
Deferred income tax expense 6,300 5,480
Share-based compensation 3,564 2,344
Decrease (increase) in assets:    
Receivables 4,194 2,996
Inventories 131 109
Other current assets 1,012 2,349
Other assets 271 (1,383)
Increase (decrease) in liabilities:    
Accounts payable (337) 2,578
Accrued salaries and vacations (4,092) (3,274)
Accrued taxes (297) 58
Other accrued liabilities (3,136) (6,414)
Other noncurrent liabilities and deferred credits (672) (848)
Net cash flows provided by operating activities 36,888 29,932
Cash flows from investing activities:    
Capital expenditures (10,781) (13,526)
Acquisition of real estate (1,620) 0
Proceeds from disposition of property 0 4
Collections on notes receivable 974 1,210
Issuance of notes receivable (1,000) (651)
Net cash flows used in investing activities (12,427) (12,963)
Cash flows from financing activities:    
Revolver borrowings 156,500 15,500
Revolver payments (99,750) (5,750)
Long-term debt payments (56,681) (3,549)
Proceeds from exercise of stock options 401 205
Tax withholding on share-based payments (982) (419)
Tax benefit for share-based compensation 553 46
Deferred financing costs (1,261) 0
Purchase of treasury stock (21,190) (23,815)
Net bank overdrafts 0 (909)
Net cash flows used in financing activities (22,410) (18,691)
Increase (decrease) in cash and cash equivalents 2,051 (1,722)
Cash and cash equivalents at beginning of period 3,074 2,943
Cash and cash equivalents at end of period $ 5,125 $ 1,221