Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 25, 2022
Dec. 26, 2021
Cash Flows From Operating Activities:      
Net loss $ (21,228) $ (78,883) $ (50,443)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 66,190 76,245 83,438
Gift card breakage (9,874) (13,807) (5,022)
Asset impairment 9,130 38,534 7,052
Non-cash other charges (gains) (1,404) (3,440) 346
Stock-based compensation expense 6,933 6,294 6,622
Gain on sale of property (30,137) (9,204) 0
Amortization of debt issuance costs 2,032 3,530 3,032
Other, net (794) 287 71
Changes in operating assets and liabilities:      
Accounts receivable 364 (26) (4,919)
Inventories (280) (1,813) (1,925)
Income tax receivable 33 15,263 759
Prepaid expenses and other current assets 1,558 2,289 (3,066)
Operating lease assets, net of liabilities (11,841) (7,036) (9,293)
Trade accounts payable and accrued liabilities (9,843) 11,724 19,449
Unearned revenue (1,097) 4,035 9,539
Other operating assets and liabilities, net (899) (8,460) (8,348)
Net cash provided by (used in) operating activities (1,157) 35,532 47,292
Cash Flows From Investing Activities:      
Purchases of property, equipment and intangible assets (49,440) (38,159) (42,261)
Proceeds from sale-leaseback 58,801 0 0
Proceeds from sales of property and equipment, and other 2,394 8,591 20
Acquisition of franchised restaurants (3,529) 0 0
Net cash provided by (used in) investing activities 8,226 (29,568) (42,241)
Cash Flows From Financing Activities:      
Borrowings of long-term debt 0 297,151 192,500
Payments of long-term debt and capital leases (25,755) (266,519) (188,845)
Purchase of treasury stock (9,960) 0 0
Debt issuance costs 0 (4,869) (1,714)
Proceeds related to real estate sale 0   0
(Uses) proceeds from other financing activities, net 2,003 (86) (378)
Net cash provided by (used in) financing activities (33,712) 29,533 1,563
Effect of exchange rate changes on cash 2 (41) 20
Net change in cash and cash equivalents, and restricted cash (26,641) 35,456 6,634
Cash and cash equivalents, and restricted cash, beginning of period 58,206 22,750 16,116
Cash and cash equivalents, and restricted cash, end of period 31,565 58,206 22,750
Supplemental disclosure of cash flow information      
Income taxes paid (refunds received), net 454 (14,642) (962)
Interest paid, net of amounts capitalized 24,084 16,054 10,455
Accrued purchases of property, equipment and intangible assets $ 1,836 $ 9,688 $ 4,655