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
 9 Months Ended
Oct. 01, 2017
Oct. 02, 2016
Cash flows from operating activities:    
Net income $ 21,212 $ 20,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 70,475 64,578
Other charges - asset impairment and restaurant closure costs 1,584 14,006
Stock-based compensation expense 3,588 3,584
Other, net (678) (1,738)
Changes in operating assets and liabilities, net of business acquisition:    
Accounts receivable and other current assets 11,666 10,272
Trade accounts payable and accrued liabilities 22,155 (8,191)
Unearned revenue (9,663) (14,047)
Other operating assets and liabilities, net 1,225 5,744
Net cash provided by operating activities 121,564 94,685
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (61,033) (136,694)
Acquisition of franchise restaurants, net of cash acquired 0 (39,966)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities 114 4,208
Net cash used in investing activities (60,919) (172,452)
Cash flows from financing activities:    
Borrowings of long-term debt 148,250 292,500
Payments of long-term debt and capital leases (208,340) (190,933)
Purchase of treasury stock 0 (31,520)
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 2,616 1,426
Net cash (used in) provided by financing activities (58,138) 70,415
Effect of exchange rate changes on cash 745 178
Net change in cash and cash equivalents 3,252 (7,174)
Cash and cash equivalents, beginning of period 11,732 22,705
Cash and cash equivalents, end of period 14,984 15,531
Supplemental disclosure of cash flow information    
Income taxes paid 3,189 4,104
Interest paid, net of amounts capitalized 7,964 4,971
Change in construction related payables $ (1,166) $ (8,713)