v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Oct. 03, 2021
Sep. 27, 2020
Cash flows from operating activities:    
Net income $ 21,913 $ 7,170
Adjustments to reconcile net income to cash flows provided by operations:    
Depreciation and amortization 4,925 3,820
Stock-based compensation 932 422
Net loss (gain) on disposal 134 (1,080)
Asset impairment, estimated lease termination charges and other closing costs, net   4,788
Gain on forgiveness of debt (14,109)  
Gain on bargain purchase (3,203) (13,675)
Amortization of operating right-of-use assets 5,194 5,818
Deferred income taxes 441 (2,569)
Other non-cash items (49) 488
Accounts receivable, net (126) 494
Prepaid expenses and other assets (1,368) 102
Accounts payable 707 985
Accrued compensation 4,445 (408)
Lease liabilities (5,000) (5,067)
Accrued and other liabilities 505 (641)
Cash flows provided by operating activities 15,341 647
Cash flows from investing activities:    
Proceeds from the sale of assets   27
Purchases of property, equipment and leasehold improvements (2,416) (2,671)
Payments for acquired restaurants (14,548) (4,952)
Transfer from HFS 46  
Payments received on note receivable 779 24
Cash flows used for investing activities (16,139) (7,572)
Cash flows from financing activities:    
Proceeds from long-term debt   22,058
Payments for debt issuance costs   (45)
Payments on long-term debt (1,572) (664)
Proceeds from sale of common stock, net of offering costs 12,445  
Proceeds from exercise of stock options 445  
Cash (used for) provided by financing activities 11,318 21,349
Increase in cash, cash equivalents and restricted cash 10,520 14,424
Cash, cash equivalents and restricted cash, beginning of period 19,603 6,086
Cash, cash equivalents and restricted cash, end of period 30,123 20,510
Supplemental Disclosures    
Cash paid for interest, net 769 829
Non-cash investing and financing activities:    
Operating right-of-use assets acquired 19,339 51,682
Lease liabilities assumed pursuant to acquisitions 21,830 51,682
Gift card liability assumed pursuant to acquisitions $ 1,202 $ 3,923