Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 25, 2011
Dec. 26, 2010
Dec. 27, 2009
Cash Flows From Operating Activities:      
Net income $ 20,577 $ 7,299 $ 17,599
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 55,272 56,738 57,166
Gift card breakage (1,687) (4,286)  
Provision (benefit) for deferred income taxes 2,221 (2,199) (1,290)
Asset impairment charges 4,337 6,116  
Amortization of debt issuance costs 954 342 342
Stock-based compensation 3,319 4,112 6,889
(Gain) loss on the sale of property and equipment 120    
Restaurant closure costs   856 562
Changes in operating assets and liabilities, net of effects of acquired business:      
Accounts receivable (7,802) (1,108) 908
Inventories (2,003) (1,510) (1,403)
Prepaid expenses and other current assets (1,978) (1,305) 3,583
Income tax receivable 2,435 891 1,495
Other assets (276) (3,183) (825)
Unearned revenue 11,436 3,240 3,441
Trade accounts payable and accrued liabilities 2,961 1,395 (2,058)
Deferred rent 5,811 3,215 4,206
Net cash provided by operating activities 95,697 70,613 90,615
Cash Flows From Investing Activities:      
Purchases of property and equipment (44,085) (34,962) (48,469)
Proceeds from sales of property 1,122    
Acquisition of franchise restaurants, net of cash acquired     (1,248)
Changes in marketing fund restricted cash (392) (98) 169
Net cash used in investing activities (43,355) (35,060) (49,548)
Cash Flows From Financing Activities:      
Borrowings of long-term debt 188,500 193,200 204,900
Payments of long-term debt and capital leases (190,025) (231,943) (235,956)
Purchase of treasury stock (32,964)    
Debt issuance costs (3,662)    
Proceeds from exercise of stock options and employee stock purchase plan 2,956 811 1,051
Payment of tender offer for stock options     (2,167)
Excess tax benefit related to exercise of stock options     215
Net cash used in financing activities (35,195) (37,932) (31,957)
Net increase (decrease) in cash and cash equivalents 17,147 (2,379) 9,110
Cash and cash equivalents, beginning of year 17,889 20,268 11,158
Cash and cash equivalents, end of year $ 35,036 $ 17,889 $ 20,268