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. 30, 2012
Dec. 25, 2011
Dec. 26, 2010
Cash Flows From Operating Activities:      
Net income $ 28,331 $ 20,577 $ 7,299
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 55,468 55,272 56,738
Gift card breakage (1,486) (1,687) (4,286)
Provision (benefit) for deferred income taxes 1,846 2,221 (2,199)
Loss on debt refinance 2,919    
Asset impairment charges   4,337 6,116
Amortization of debt issuance costs 1,395 954 342
Stock-based compensation 3,808 3,319 4,112
Loss on the sale of property and equipment   120  
Restaurant closure costs 257   856
Changes in operating assets and liabilities, net of effects of acquired business:      
Accounts receivable (642) (7,802) (1,108)
Inventories (285) (2,003) (1,510)
Prepaid expenses and other current assets (3,948) (1,978) (1,305)
Income tax receivable 528 2,435 891
Other assets (3,408) (276) (3,183)
Unearned revenue 5,516 11,436 3,240
Trade accounts payable and accrued liabilities (696) 2,961 1,395
Deferred rent 4,776 5,811 3,215
Net cash provided by operating activities 94,379 95,697 70,613
Cash Flows From Investing Activities:      
Purchases of property and equipment (59,960) (44,085) (34,962)
Proceeds from sales of property 382 1,122  
Acquisition of franchise restaurants, net of cash acquired (3,247)    
Changes in marketing fund restricted cash (480) (392) (98)
Net cash used in investing activities (63,305) (43,355) (35,060)
Cash Flows From Financing Activities:      
Borrowings of long-term debt 125,000 188,500 193,200
Payments of long-term debt and capital leases (147,049) (190,025) (231,943)
Purchase of treasury stock (24,304) (32,964)  
Debt issuance costs (949) (3,662)  
Proceeds from exercise of stock options and employee stock purchase plan 3,632 2,956 811
Net cash used in financing activities (43,670) (35,195) (37,932)
Net increase (decrease) in cash and cash equivalents (12,596) 17,147 (2,379)
Cash and cash equivalents, beginning of year 35,036 17,889 20,268
Cash and cash equivalents, end of year $ 22,440 $ 35,036 $ 17,889