Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
 9 Months Ended
Oct. 02, 2011
Oct. 03, 2010
Cash Flows From Operating Activities:    
Net income $ 17,672 $ 5,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,751 43,777
Gift card breakage (1,334) (4,165)
Stock-based compensation expense 2,177 2,954
Asset impairment charge 1,919 6,116
Restaurant closure costs   89
Other, net (1,722) (3,144)
Changes in operating assets and liabilities 11,653 851
Cash provided by operating activities 73,116 51,550
Cash Flows From Investing Activities:    
Purchases of property and equipment (32,650) (25,793)
Proceeds from sales of property 1,122  
Changes in marketing fund restricted cash 527 824
Cash used in investing activities (31,001) (24,969)
Cash Flows From Financing Activities:    
Borrowings of long-term debt 187,000 124,100
Payments of long-term debt (187,704) (159,630)
Payments to acquire Treasury Stock (30,664)  
Proceeds from exercise of stock options and employee stock purchase plan 2,819 636
Debt issuance costs (3,662)  
Payments of other debt and capital lease obligations (699) (715)
Cash used in financing activities (32,910) (35,609)
Net change in cash and cash equivalents 9,205 (9,028)
Cash and cash equivalents, beginning of period 17,889 20,268
Cash and cash equivalents, end of period 27,094 11,240
Supplemental Disclosure of Cash Flow Information:    
Income taxes paid 790 725
Interest paid, net of amounts capitalized $ 4,006 $ 3,802