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, unless otherwise specified
 12 Months Ended
Dec. 29, 2013
Dec. 30, 2012
Dec. 25, 2011
Cash Flows From Operating Activities:      
Net income $ 32,239 $ 28,331 $ 20,577
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 58,200 55,468 55,272
Gift card breakage (2,106) (1,486) (1,687)
Provision for deferred income taxes and benefit from exercise of stock options (1,662) 1,846 2,221
Loss on debt refinance 0 2,919 0
Asset impairment charges 1,517 0 4,337
Stock-based compensation 3,823 3,808 3,319
Amortization of debt issuance costs and other 449 1,652 1,074
Changes in operating assets and liabilities, net of effects of acquired business:      
Accounts receivable and other current assets (2,334) (4,062) (7,345)
Inventory (3,621) (285) (2,003)
Other assets (1,816) (3,408) (276)
Trade accounts payable and accrued liabilities 17,571 (696) 2,961
Unearned revenue 7,830 5,516 11,436
Deferred rent 3,439 4,776 5,811
Net cash provided by operating activities 113,529 94,379 95,697
Cash Flows From Investing Activities:      
Purchases of property, equipment and intangible assets (78,876) (59,960) (44,085)
Acquisition of franchise restaurants, net of cash acquired 0 (3,247) 0
Other investing activities 645 (98) 730
Net cash used in investing activities (78,231) (63,305) (43,355)
Cash Flows From Financing Activities:      
Borrowings of long-term debt 141,500 125,000 188,500
Payments of long-term debt and capital leases (188,783) (147,049) (190,025)
Purchase of treasury stock (5,003) (24,304) (32,964)
Debt issuance costs 0 (949) (3,662)
Tax benefit from exercise of stock options 3,481 0 0
Proceeds from exercise of stock options and employee stock purchase plan 8,175 3,632 2,956
Net cash used in financing activities (40,630) (43,670) (35,195)
Net (decrease) increase in cash and cash equivalents (5,332) (12,596) 17,147
Cash and cash equivalents, beginning of year 17,108 22,440 35,036
Cash and cash equivalents, end of year $ 22,440 $ 35,036 $ 17,889