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
 6 Months Ended
Jul. 12, 2015
Jul. 13, 2014
Cash flows from operating activities:    
Net income $ 27,731 $ 21,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,263 33,006
Stock-based compensation expense 2,849 2,030
Other, net (3,949) (1,338)
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable 9,285 7,311
Trade accounts payable and accrued liabilities (344) (415)
Unearned revenue (10,051) (7,976)
Other operating assets and liabilities, net 1,564 2,051
Net cash provided by operating activities 67,348 56,083
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (64,507) (48,729)
Deposit on equipment purchase (5,479) 0
Acquisition of franchise restaurants, net of cash acquired 0 (7,942)
Other investing activities 3 93
Net cash used in investing activities (69,983) (56,578)
Cash flows from financing activities:    
Borrowings of long-term debt 248,500 140,000
Payments of long-term debt and capital leases (251,327) (91,404)
Purchase of treasury stock 0 (8,078)
Debt issuance costs 0 (690)
Tax benefit from exercise of stock options 1,840 1,691
Proceeds from exercise of stock options and employee stock purchase plan 3,987 2,411
Net cash provided by financing activities 3,000 43,930
Effect of exchange rate changes on cash (158) 0
Net increase in cash and cash equivalents 207 43,435
Cash and cash equivalents, beginning of period 22,408 17,108
Cash and cash equivalents, end of period 22,615 60,543
Supplemental disclosure of cash flow information    
Income taxes paid 4,094 8,579
Interest paid, net of amounts capitalized 2,342 1,584
Change in construction related payables $ 9,009 $ 1,594