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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Cash flows from operating activities:    
Net income $ 14,329 $ 18,956
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 10,934 10,362
Amortization of operating lease assets 5,148 5,011
Amortization of loan origination costs 45 43
Impairment, closed restaurant and other costs 2,100 84
Stock-based compensation 2,159 1,968
Loss on disposal of property and equipment 25 116
Deferred income taxes 39 588
Changes in operating assets and liabilities:    
Accounts receivable 7 (292)
Lease incentive receivable (2,000) 0
Income tax receivable and payable 139 (377)
Inventories 18 402
Prepaid expenses and other assets (1,102) (2,313)
Accounts payable (947) (3,850)
Accrued and other liabilities (3,918) 4,863
Operating lease liabilities (6,241) (6,142)
Net cash provided by operating activities 20,735 29,419
Cash flows from investing activities:    
Purchase of property and equipment, net (25,273) (20,615)
Purchase of other assets (27) 0
Net cash used in investing activities (25,300) (20,615)
Cash flows from financing activities:    
Repurchase of shares of common stock (7,320) (2,961)
Proceeds from the exercise of stock options 0 276
Indirect repurchase of shares for minimum tax withholdings (1,396) (1,523)
Net cash used in financing activities (8,716) (4,208)
Net (decrease) increase in cash and cash equivalents (13,281) 4,596
Cash and cash equivalents, beginning of period 67,774 78,028
Cash and cash equivalents, end of period 54,493 82,624
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 1,190 1,010
Supplemental cash flow disclosures:    
Cash paid for interest 39 22
Cash paid for income taxes $ 1,797 $ 2,538

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