Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Oct. 02, 2016
Oct. 04, 2015
Cash flows from operating activities:    
Net income $ 20,477 $ 36,013
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 64,578 58,881
Asset impairment and restaurant closure costs 14,006 0
Stock-based compensation expense 3,584 4,043
Other, net (1,738) (4,058)
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable and other current assets 10,272 12,768
Trade accounts payable and accrued liabilities (8,191) 2,967
Unearned revenue (14,047) (10,833)
Other operating assets and liabilities, net 5,744 1,570
Net cash provided by operating activities 94,685 101,351
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (136,694) (120,738)
Acquisition of franchise restaurants, net of cash acquired (39,966) (2,532)
Proceeds from sales of real estate and property, plant, and equipment 4,208 0
Other investing activities 0 191
Net cash used in investing activities (172,452) (123,079)
Cash flows from financing activities:    
Borrowings of long-term debt 292,500 324,500
Payments of long-term debt and capital leases (190,933) (299,457)
Purchase of treasury stock (31,520) (9,849)
Debt issuance costs (1,058) 0
Tax benefit from exercise of stock options 32 1,969
Proceeds from exercise of stock options and employee stock purchase plan 1,394 4,149
Net cash provided by financing activities 70,415 21,312
Effect of exchange rate changes on cash 178 (169)
Net change in cash and cash equivalents (7,174) (585)
Cash and cash equivalents, beginning of period 22,705 22,408
Cash and cash equivalents, end of period 15,531 21,823
Supplemental disclosure of cash flow information    
Income taxes paid 4,104 11,402
Interest paid, net of amounts capitalized 4,971 2,949
Change in construction related payables $ (8,713) $ 17,596