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. 10, 2011
Jul. 11, 2010
Cash Flows From Operating Activities:    
Net income $ 15,603 $ 9,285
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29,745 30,436
Gift card breakage (1,060) (3,973)
Stock-based compensation expense 1,481 2,171
Restaurant closure costs   95
Other, net (1,597) (1,817)
Changes in operating assets and liabilities 10,076 (1,338)
Cash provided by operating activities 54,248 34,859
Cash Flows From Investing Activities:    
Changes in marketing fund restricted cash (64) 3,084
Purchases of property and equipment (19,455) (17,243)
Cash used in investing activities (19,519) (14,159)
Cash Flows From Financing Activities:    
Borrowings of long-term debt 187,000 93,200
Payments of long-term debt (185,829) (122,346)
Payments to acquire Treasury Stock (10,377)  
Proceeds from exercise of stock options and employee stock purchase plan 2,463 596
Debt issuance costs (2,826)  
Payments of other debt and capital lease obligations (518) (495)
Cash used in financing activities (10,087) (29,045)
Net change in cash and cash equivalents 24,642 (8,345)
Cash and cash equivalents, beginning of period 17,889 20,268
Cash and cash equivalents, end of period 42,531 11,923
Supplemental Disclosure of Cash Flow Information:    
Income taxes paid 459 647
Interest paid, net of amounts capitalized $ 2,559 $ 2,810