Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Cash flows from operating activities:    
Net loss $ (7,496) $ (34,198)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 52,253 58,924
Gift card breakage (5,930) (7,781)
Asset impairment 7,187 13,048
Non-cash other charges (gains), net (1,819) (2,287)
Stock-based compensation expense 5,171 8,229
Gain on sale of property, plant, and equipment (29,865) (9,204)
Other, net 733 3,240
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable 9,607 9,487
Income tax receivable 100 15,163
Inventories (377) (217)
Prepaid expenses and other current assets 1,354 2,183
Operating lease assets, net of liabilities (9,975) (10,562)
Trade accounts payable and accrued liabilities 5,416 9,621
Unearned revenue (9,127) (8,301)
Other operating assets and liabilities, net 129 (8,545)
Net cash provided by operating activities 17,361 38,800
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (37,074) (27,036)
Proceeds from sale-leaseback 58,801 0
Proceeds from sales of property and equipment and other investing activities 794 8,739
Acquisition of franchised restaurants (3,529) 0
Net cash provided by (used in) investing activities 18,992 (18,297)
Cash flows from financing activities:    
Borrowings of long-term debt 0 282,151
Payments of long-term debt and finance leases (25,525) (266,275)
Purchase of treasury stock (9,960) 0
Debt issuance costs 0 (4,869)
Proceeds related to real estate sale 0 3,856
Proceeds from other financing activities, net 1,744 58
Net cash provided by (used in) financing activities (33,741) 14,921
Effect of exchange rate changes on cash 0 (44)
Net change in cash and cash equivalents, and restricted cash 2,612 35,380
Cash and cash equivalents, and restricted cash, beginning of period 58,206 22,750
Cash and cash equivalents, and restricted cash, end of period 60,818 58,130
Supplemental disclosure of cash flow information    
Income tax paid (refund received), net 210 (14,729)
Interest paid, net of amounts capitalized 18,261 11,387
Right of use assets obtained in exchange for operating lease obligations 50,769 11,604
Right of use assets obtained in exchange for finance lease obligations $ 81 $ 541