Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 4 Months Ended
Apr. 17, 2016
Apr. 19, 2015
Cash flows from operating activities:    
Net income $ 14,225,000 $ 16,565,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,951,000 23,003,000
Asset impairment 825,000 0
Stock-based compensation expense 2,090,000 1,446,000
Other, net (1,201,000) (2,238,000)
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable and other current assets 14,286,000 11,522,000
Trade accounts payable and accrued liabilities 174,000 (9,045,000)
Unearned revenue (12,702,000) (10,211,000)
Other operating assets and liabilities, net 852,000 4,949,000
Net cash provided by operating activities 42,500,000 35,991,000
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (52,149,000) (31,580,000)
Deposit on equipment purchase 0 (5,479,000)
Acquisition of franchise restaurants, net of cash acquired (39,984,000) 0
Other investing activities 0 (207,000)
Net cash used in investing activities (92,133,000) (37,266,000)
Cash flows from financing activities:    
Borrowings of long-term debt 137,000,000 95,500,000
Payments of long-term debt and capital leases (85,671,000) (99,199,000)
Tax benefit from exercise of stock options 94,000 1,193,000
Proceeds from exercise of stock options and employee stock purchase plan 592,000 2,947,000
Net cash provided by financing activities 52,015,000 441,000
Effect of exchange rate changes on cash 80,000 (127,000)
Net change in cash and cash equivalents 2,462,000 (961,000)
Cash and cash equivalents, beginning of period 22,705,000 22,408,000
Cash and cash equivalents, end of period 25,167,000 21,447,000
Supplemental disclosure of cash flow information    
Income taxes paid 1,046,000 1,076,000
Interest paid, net of amounts capitalized 1,484,000 1,486,000
Change in construction related payables $ 7,768,000 $ 1,162,000