Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Dec. 30, 2018
Cash Flows From Operating Activities:      
Net loss $ (276,068) $ (7,903) $ (6,419)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 87,557 91,790 95,371
Gift card breakage (4,516) (6,776) (3,898)
Goodwill and asset impairments 122,354 15,094 28,127
Non-cash other charges (gains) 2,837 (13,621) 7,588
Deferred income tax provision (benefit) 51,502 (9,640) (18,613)
Stock-based compensation expense 4,330 3,344 4,048
Other, net 1,052 678 1,052
Changes in operating assets and liabilities:      
Accounts receivable 5,601 2,766 2,922
Inventories 2,239 161 (830)
Income tax receivable (11,276) (5,238) 1,359
Prepaid expenses and other current assets 7,443 (3,163) 5,389
Lease assets, net of liabilities 18,324 696 636
Trade accounts payable and accrued liabilities (9,566) (15,490) 5,685
Unearned revenue 430 5,632 3,397
Other operating assets and liabilities, net 17,990 (415) 481
Net cash provided by operating activities 20,233 57,915 126,295
Cash Flows From Investing Activities:      
Purchases of property, equipment and intangible assets (22,132) (57,309) (50,271)
Proceeds from sales of real estate and property, plant, and equipment and other 739 279 435
Net cash used in investing activities (21,393) (57,030) (49,836)
Cash Flows From Financing Activities:      
Borrowings of long-term debt 211,000 273,500 215,500
Payments of long-term debt and finance leases (247,501) (261,063) (289,238)
Purchase of treasury stock (1,635) (3,450) (1,474)
Debt issuance costs (2,952) (33) 0
Proceeds from issuance of common stock, net of stock issuance costs 28,718 0 0
Proceeds from exercise of stock options and employee stock purchase plan 666 724 914
Net cash (used in) provided by financing activities (11,704) 9,678 (74,298)
Effect of exchange rate changes on cash (1,065) 913 (1,306)
Net change in cash and cash equivalents (13,929) 11,476 855
Cash and cash equivalents, beginning of period 30,045 18,569 17,714
Cash and cash equivalents, end of period 16,116 30,045 18,569
Supplemental disclosure of cash flow information      
Income taxes (refund received) paid (50,629) 3,237 2,486
Interest paid, net of amounts capitalized (9,869) (9,750) (10,013)
Change in construction related payables $ (949) $ (3,910) $ (507)