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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 28, 2023
Jun. 29, 2022
Cash flows from operating activities:    
Net income $ 9,135 $ 44,858
Adjustments to reconcile net income to cash flows provided by operating activities:    
Depreciation and amortization 7,273 7,138
Operating (gains), losses and other charges, net (153) 846
Losses (gains) and amortization on interest rate swaps, net 10,744 (41,924)
Amortization of deferred financing costs 317 317
(Gains) losses on investments (29) 223
Losses on early termination of debt and leases 0 24
Deferred income tax expense 710 10,766
Share-based compensation expense 5,613 7,520
Changes in assets and liabilities, excluding acquisitions and dispositions:    
Receivables 6,760 (3,419)
Inventories 3,004 (7,148)
Prepaids and other current assets 2,488 3,563
Other noncurrent assets 247 6,125
Operating lease assets and liabilities (359) (466)
Accounts payable (7,754) (1,541)
Other accrued liabilities (1,646) (11,062)
Other noncurrent liabilities (699) (6,211)
Net cash flows provided by operating activities 35,651 9,609
Cash flows from investing activities:    
Capital expenditures (3,307) (5,771)
Proceeds from sales of restaurants, real estate and other assets 3,088 170
Investment purchases (1,300) (1,200)
Collections on notes receivable 347 126
Net cash flows used in investing activities (1,172) (6,675)
Cash flows from financing activities:    
Revolver borrowings 65,200 45,325
Revolver payments (79,700) (28,325)
Repayments of finance leases (938) (1,018)
Tax withholding on share-based payments (2,999) (4,782)
Purchase of treasury stock (19,667) (46,249)
Net bank overdrafts 1,232 2,851
Net cash flows used in financing activities (36,872) (32,198)
Decrease in cash and cash equivalents (2,393) (29,264)
Cash and cash equivalents at beginning of period 3,523 30,624
Cash and cash equivalents at end of period $ 1,130 $ 1,360