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
 6 Months Ended
Jul. 13, 2014
Jul. 14, 2013
Cash flows from operating activities:    
Net income $ 21,414 $ 20,619
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 33,006 31,153
Stock-based compensation expense 2,030 2,242
Other, net (1,338) (1,319)
Changes in operating assets and liabilities:    
Accounts receivable 7,311 3,374
Trade accounts payable and accrued liabilities (415) 15,591
Unearned revenue (7,976) (6,810)
Other operating assets and liabilities, net 2,051 6,155
Net cash provided by operating activities 56,083 71,005
Cash flows from investing activities:    
Purchases of property, equipment and intangible assets (48,729) (31,689)
Acquisition of franchise restaurants, net of cash acquired (7,942) 0
Other investing activities 93 0
Net cash used in investing activities (56,578) (31,689)
Cash flows from financing activities:    
Borrowings of long-term debt 140,000 78,500
Payments of long-term debt and capital leases (91,404) (131,379)
Purchase of common stock (8,078) 0
Debt issuance costs (690) 0
Tax benefit from exercise of stock options 1,691 1,335
Proceeds from exercise of stock options and employee stock purchase plan 2,411 6,333
Net cash provided by (used in) financing activities 43,930 (45,211)
Net increase (decrease) in cash and cash equivalents 43,435 (5,895)
Cash and cash equivalents, beginning of year 17,108 22,440
Cash and cash equivalents, end of year 60,543 16,545
Supplemental of cash flow information    
Income taxes paid 8,579 3,260
Interest paid, net of amounts capitalized $ 1,584 $ 1,424