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
 4 Months Ended
Apr. 17, 2022
Apr. 18, 2021
Cash flows from operating activities:    
Net Income (Loss) $ (3,105) $ (8,713)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 23,919 25,888
Gift card breakage (7,819) (2,293)
Restaurant asset impairment 2,122 1,242
Non-cash other charges, net (191) 516
Stock-based compensation expense 3,042 880
Other, net 2,266 1,528
Changes in operating assets and liabilities:    
Accounts receivable 8,852 5,567
Income tax receivable 2,581 510
Inventories 162 41
Prepaid expenses and other current assets 1,883 975
Operating lease assets, net of liabilities (4,623) (6,678)
Trade accounts payable and accrued liabilities 3,288 12,413
Unearned revenue (8,408) (4,849)
Other operating assets and liabilities, net (10,349) (8,013)
Net cash provided by operating activities 13,296 18,932
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (9,716) (5,400)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities 168 0
Net cash used in investing activities (9,548) (5,400)
Cash flows from financing activities:    
Borrowings of long-term debt 282,151 35,300
Payments of long-term debt and finance leases (261,800) (42,322)
Debt issuance costs (4,869) (616)
(Uses) proceeds from other financing activities, net (65) 245
Net cash provided by (used in) financing activities 15,417 (7,393)
Effect of exchange rate changes on cash 8 29
Net change in cash and cash equivalents, and restricted cash 19,173 6,168
Cash and cash equivalents, beginning of period 22,750 16,116
Cash and cash equivalents, end of period 41,923 22,284
Supplemental disclosure of cash flow information    
Income tax refunds received, net (2,519) (473)
Interest paid, net of amounts capitalized $ 3,374 $ 3,182