Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 4 Months Ended
Apr. 20, 2014
Apr. 21, 2013
Cash flows from operating activities:    
Net income $ 11,944 $ 9,480
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,886 17,834
Stock-based compensation expense 1,009 1,192
Other, net (659) (285)
Changes in operating assets and liabilities:    
Accounts receivable 8,167 7,187
Trade accounts payable and accrued liabilities (3,246) 6,476
Unearned revenue (8,305) (7,101)
Other operating assets and liabilities, net 8,239 5,584
Net cash provided by operating activities 36,035 40,367
Cash flows from investing activities:    
Purchases of property, equipment and intangible assets (24,314) (13,640)
Acquisition of franchise restaurants, net of cash acquired (7,958) 0
Other investing activities (71) 0
Net cash used in investing activities (32,343) (13,640)
Cash flows from financing activities:    
Borrowings of long-term debt 39,000 30,000
Payments of long-term debt and capital leases (40,206) (64,749)
Purchase of treasury stock (7,500) 0
Tax benefit from exercise of stock options 927 0
Proceeds from exercise of stock options and employee stock purchase plan 1,614 2,957
Net cash used in financing activities (6,165) (31,792)
Net decrease in cash and cash equivalents (2,473) (5,065)
Cash and cash equivalents, beginning of year 14,635 17,375
Cash and cash equivalents, end of year 17,108 22,440
Supplemental of cash flow information    
Income taxes paid 2,026 1,521
Interest paid, net of amounts capitalized $ 797 $ 948