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. 19, 2020
Apr. 21, 2019
Cash flows from operating activities:    
Net income $ (174,298) $ 639
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 28,320 28,438
Goodwill and restaurant asset impairment 808 1,859
Deferred income tax provision (benefit) 21,152 (760)
Stock-based compensation expense 706 475
Other, net (630) (3,509)
Changes in operating assets and liabilities:    
Accounts receivable 11,711 12,444
Inventories 1,484 (728)
Prepaid expenses and other current assets (4,144) (1,224)
Lease assets, net of liabilities 6,795 3,721
Trade accounts payable and accrued liabilities (8,022) (5,576)
Unearned revenue (9,460) (10,453)
Other operating assets and liabilities, net 1,346 (35)
Net cash (used in) provided by operating activities (13,320) 25,291
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (8,746) (10,195)
Proceeds from sales of real estate and property, plant, and equipment and other investing activities 43 118
Net cash used in investing activities (8,703) (10,077)
Cash flows from financing activities:    
Borrowings of long-term debt 116,000 111,000
Payments of long-term debt and finance leases (32,006) (121,239)
Purchase of treasury stock (1,635) (974)
Debt issuance costs (1,040) 0
Proceeds from exercise of stock options and employee stock purchase plan 419 368
Net cash provided by (used in) financing activities 81,738 (10,845)
Effect of exchange rate changes on cash (840) 21
Net change in cash and cash equivalents 58,875 4,390
Cash and cash equivalents, beginning of period 30,045 18,569
Cash and cash equivalents, end of period 88,920 22,959
Supplemental disclosure of cash flow information    
Income taxes (refund received) paid (11)  
Income taxes (refund received) paid   2,492
Interest paid, net of amounts capitalized 2,708 3,481
Change in construction related payables $ (1,745) $ 635