v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Cash flows from operating activities:    
Net income $ 17,127 $ 7,112
Adjustments to reconcile net income to cash flows provided by operations:    
Depreciation and amortization 2,985 2,423
Stock-based compensation 638 248
Net gain on disposal 135 (577)
Asset impairment, estimated lease termination charges and other closing costs, net   4,710
Gain on forgiveness of debt (14,109)  
Gain on bargain purchase   (13,675)
Deferred income taxes 481 (2,295)
Other non-cash items 168 547
Accounts receivable, net (188) (240)
Prepaid expenses and other assets (2,479) (1,991)
Accounts payable 665 2,292
Accrued and other liabilities 3,461 964
Cash flows provided by (used for) operating activities 8,884 (482)
Cash flows from investing activities:    
Purchases of property, equipment and leasehold improvements (1,114) (2,000)
Payments for acquired restaurants   (4,952)
Transfer from HFS 46  
Payments received on note receivable 23 12
Cash flows provided by (used for) investing activities (1,045) (6,940)
Cash flows from financing activities:    
Proceeds from long-term debt   22,058
Payments for debt issuance costs   (45)
Payments for debt issuance costs 10  
Payments on long-term debt (1,042)  
Proceeds from sale of common stock, net of offering costs 12,462  
Proceeds from exercise of stock options 310  
Cash (used for) provided by financing activities 11,740 22,013
Increase (decrease) in cash, cash equivalents and restricted cash 19,579 14,591
Cash, cash equivalents and restricted cash, beginning of period 19,603 6,086
Cash, cash equivalents and restricted cash, end of period 39,182 20,677
Supplemental Disclosures    
Cash paid (received) for interest, net $ 587 47
Non-cash investing and financing activities:    
Gift card liability assumed pursuant to acquisitions   $ 3,968