Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Oct. 04, 2020
Oct. 06, 2019
Cash flows from operating activities:    
Net Income (Loss) $ (236,738) $ (201)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 68,053 71,087
Gift card breakage (2,329) (4,899)
Goodwill and restaurant asset impairment 116,193 14,064
Non-cash other charges (2,438) (11,135)
Deferred income tax provision (benefit) 52,439 (27,477)
Stock-based compensation expense 3,082 2,539
Other, net 639 665
Changes in operating assets and liabilities:    
Accounts receivable 13,250 14,059
Income tax receivable (57,756) 941
Prepaid expenses and other current assets 11,229 1,426
Lease assets, net of liabilities 19,194 (266)
Trade accounts payable and accrued liabilities (9,864) (6,657)
Unearned revenue (9,331) (12,564)
Other operating assets and liabilities, net 11,976 35
Net cash (used in) provided by operating activities (22,401) 41,617
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (14,870) (33,078)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities 739 178
Net cash used in investing activities (14,131) (32,900)
Cash flows from financing activities:    
Borrowings of long-term debt 168,000 211,500
Payments of long-term debt and finance leases (159,004) (216,918)
Purchase of treasury stock (1,635) (2,434)
Debt issuance costs (2,952) 0
Proceeds from Issuance of Common Stock 28,945 0
Proceeds from exercise of stock options and employee stock purchase plan 666 696
Net cash provided by (used in) financing activities 34,020 (7,156)
Effect of exchange rate changes on cash (166) 81
Net change in cash and cash equivalents (2,678) 1,642
Cash and cash equivalents, beginning of period 30,045 18,569
Cash and cash equivalents, end of period 27,367 20,211
Supplemental disclosure of cash flow information    
Income taxes (refund received) paid (2,391)  
Income taxes (refund received) paid   3,140
Interest paid, net of amounts capitalized 7,514 7,799
Change in construction related payables $ 462 $ 3,902