XML 20 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2017
Jun. 29, 2016
Cash flows from operating activities:    
Net income (loss) $ 17,122 $ (1,598)
Adjustments to reconcile net income (loss) to cash flows provided by operating activities:    
Depreciation and amortization 11,535 10,598
Operating (gains), losses and other charges, net 2,829 24,116
Amortization of deferred financing costs 297 296
(Gain) loss on early extinguishments of debt and leases 68 (52)
Deferred income tax expense 6,291 5,390
Share-based compensation 4,053 3,850
Decrease (increase) in assets:    
Receivables 3,741 2,455
Inventories (1) 322
Other current assets 3,587 7,275
Other assets (3,869) (1,113)
Increase (decrease) in liabilities:    
Accounts payable (1,986) (671)
Accrued salaries and vacations (9,692) (12,730)
Accrued taxes 276 94
Other accrued liabilities (365) (13,405)
Other noncurrent liabilities (1,068) (1,975)
Net cash flows provided by operating activities 32,818 22,852
Cash flows from investing activities:    
Capital expenditures (8,208) (7,973)
Acquisition of restaurants and real estate (6,871) (1,476)
Proceeds from disposition of property 1,032 1,883
Collections on notes receivable 3,186 730
Issuance of notes receivable (1,825) (637)
Net cash flows used in investing activities (12,686) (7,473)
Cash flows from financing activities:    
Revolver borrowings 58,500 30,000
Revolver payments (42,000) (27,000)
Long-term debt payments (1,633) (1,555)
Proceeds from exercise of stock options 135 323
Purchase of treasury stock (35,629) (7,764)
Net bank overdrafts (429) (4,361)
Net cash flows used in financing activities (21,056) (10,357)
Increase (decrease) in cash and cash equivalents (924) 5,022
Cash and cash equivalents at beginning of period 2,592 1,671
Cash and cash equivalents at end of period $ 1,668 $ 6,693