Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 4 Months Ended
Apr. 18, 2021
Apr. 19, 2020
Cash flows from operating activities:    
Net Income (Loss) $ (8,713) $ (174,298)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 25,888 28,320
Gift card breakage (2,293) (1,414)
Goodwill and restaurant asset impairment 1,242 110,912
Non-cash other charges 516 808
Deferred income tax provision 0 21,152
Stock-based compensation expense 880 706
Other, net 1,528 784
Changes in operating assets and liabilities:    
Accounts receivable 5,567 11,711
Income tax receivable 510 (6,194)
Inventories 41 (1,484)
Prepaid expenses and other current assets 975 2,050
Lease assets, net of liabilities (6,312) 6,795
Trade accounts payable and accrued liabilities 12,413 (8,022)
Unearned revenue (4,849) (9,460)
Other operating assets and liabilities, net (8,379) 1,346
Net cash (used in) provided by operating activities 18,932 (13,320)
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (5,400) (8,746)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities 0 43
Net cash used in investing activities (5,400) (8,703)
Cash flows from financing activities:    
Borrowings of long-term debt 35,300 116,000
Payments of long-term debt and finance leases (42,322) (32,006)
Purchase of treasury stock 0 (1,635)
Debt issuance costs (616) (1,040)
Proceeds from exercise of stock options and employee stock purchase plan 245 419
Net cash provided by (used in) financing activities (7,393) 81,738
Effect of exchange rate changes on cash 29 (840)
Net change in cash and cash equivalents 6,168 58,875
Cash and cash equivalents, beginning of period 16,116 30,045
Cash and cash equivalents, end of period 22,284 88,920
Supplemental disclosure of cash flow information    
Income tax refunds received, net (473) (11)
Interest paid, net of amounts capitalized $ 3,182 $ 2,708