Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Oct. 06, 2024
Oct. 01, 2023
Cash flows from operating activities:    
Net loss $ (37,825) $ (7,496)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 44,886 52,253
Asset impairment 1,306 7,187
Non-cash other charges (gains), net (68) (1,819)
Stock-based compensation expense 5,184 5,171
Gain on sale of restaurant property (7,425) (29,865)
Other, net 1,574 733
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable 10,111 9,607
Income tax receivable 197 100
Inventories (737) (377)
Prepaid expenses and other current assets 2,551 1,354
Operating lease assets, net of liabilities (3,308) (9,975)
Trade accounts payable and accrued liabilities 7,936 5,416
Unearned revenue (20,729) (15,057)
Other operating assets and liabilities, net (1,813) 129
Net cash provided by operating activities 1,840 17,361
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (19,414) (37,074)
Net proceeds from sale-leaseback 23,271 58,801
Proceeds from sales of property and equipment and other investing activities 1,016 794
Acquisition of franchised restaurants 0 (3,529)
Net cash provided by investing activities 4,873 18,992
Cash flows from financing activities:    
Proceeds from borrowings on revolving credit facilities 50,500 0
Repayments of borrowings on revolving credit facilities (30,500) (15,000)
Repayments of borrowings on term loan (21,232) (9,857)
Repayments of finance lease obligations (934) (668)
Purchase of treasury stock 0 (9,960)
Debt issuance costs (2,726) 0
(Uses) Proceeds from other financing activities, net (3,098) 1,744
Net cash used in financing activities (7,990) (33,741)
Net change in cash and cash equivalents, and restricted cash (1,277) 2,612
Cash and cash equivalents, and restricted cash, beginning of period 31,565 58,206
Cash and cash equivalents, and restricted cash, end of period 30,288 60,818
Supplemental disclosure of cash flow information    
Income tax paid, net 69 210
Interest paid, net of amounts capitalized 16,566 18,261
Right of use assets obtained in exchange for operating lease obligations 23,587 50,769
Right of use assets obtained in exchange for finance lease obligations $ 0 $ 81