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
 6 Months Ended
Jul. 09, 2017
Jul. 10, 2016
Cash flows from operating activities:    
Net income $ 18,498 $ 21,777
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49,217 43,110
Other charges - asset impairment 1,584 4,685
Stock-based compensation expense 2,487 3,079
Other, net (139) (1,619)
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable and other current assets 16,331 11,923
Trade accounts payable and accrued liabilities 23,039 (3,240)
Unearned revenue (9,280) (13,206)
Other operating assets and liabilities, net 2,988 546
Net cash provided by operating activities 104,725 67,055
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (41,847) (96,175)
Acquisition of franchise restaurants, net of cash acquired 0 (39,977)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities 113 1,944
Net cash used in investing activities (41,734) (134,208)
Cash flows from financing activities:    
Borrowings of long-term debt 85,250 211,500
Payments of long-term debt and capital leases (141,826) (121,299)
Purchase of treasury stock 0 (20,000)
Debt issuance costs (664) (1,058)
Proceeds from exercise of stock options and employee stock purchase plan and tax benefit from exercise of stock options 2,588 1,066
Net cash (used in) provided by financing activities (54,652) 70,209
Effect of exchange rate changes on cash 108 181
Net change in cash and cash equivalents 8,447 3,237
Cash and cash equivalents, beginning of period 11,732 22,705
Cash and cash equivalents, end of period 20,179 25,942
Supplemental disclosure of cash flow information    
Income taxes paid 2,205 2,231
Interest paid, net of amounts capitalized 5,699 3,057
Change in construction related payables $ 1,847 $ (2,481)