Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 4 Months Ended
Apr. 16, 2017
Apr. 17, 2016
Cash flows from operating activities:    
Net income $ 11,567 $ 14,225
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,044 23,951
Other charges 0 825
Stock-based compensation expense 886 2,090
Other, net (435) (1,201)
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable and other current assets 21,212 14,286
Trade accounts payable and accrued liabilities 19,279 174
Unearned revenue (11,219) (12,702)
Other operating assets and liabilities, net 621 852
Net cash provided by operating activities 69,955 42,500
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (24,548) (52,149)
Acquisition of franchise restaurants, net of cash acquired 0 (39,984)
Other investing activities 113 0
Net cash used in investing activities (24,435) (92,133)
Cash flows from financing activities:    
Borrowings of long-term debt 44,500 137,000
Payments of long-term debt and capital leases (80,163) (85,671)
Debt issuance costs (664) 0
Tax benefit from exercise of stock options 0 94
Proceeds from exercise of stock options and employee stock purchase plan 1,212 592
Net cash provided by financing activities (35,115) 52,015
Effect of exchange rate changes on cash 102 80
Net change in cash and cash equivalents 10,507 2,462
Cash and cash equivalents, beginning of period 11,732 22,705
Cash and cash equivalents, end of period 22,239 25,167
Supplemental disclosure of cash flow information    
Income taxes paid 116 1,046
Interest paid, net of amounts capitalized 3,127 1,484
Change in construction related payables $ 3,061 $ 7,768