Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Cash Flows

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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Sep. 24, 2017
Cash flows from operating activities:    
Net (loss) income $ 2,129 $ 13,074
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,705 12,951
Amortization of loan origination costs 25 25
Loss on asset impairment 12,336 0
Stock-based compensation 2,368 2,102
Loss on disposal of property and equipment 0 34
Amortization of deferred lease incentives (2,143) (1,853)
Deferred income taxes (847) 2,668
Changes in operating assets and liabilities:    
Accounts receivable 1,746 (354)
Income tax receivable (81) 1,662
Inventories 122 137
Prepaid expenses and other current assets (442) (1,239)
Accounts payable (2,160) (1,607)
Accrued liabilities and deferred rent 3,813 805
Deferred lease incentives 7,278 5,922
Net cash provided by operating activities 38,849 34,327
Cash flows from investing activities:    
Purchase of property and equipment (34,656) (29,977)
Purchase of other assets (216) (313)
Net cash used in investing activities (34,872) (30,290)
Cash flows from financing activities:    
Repurchase of shares of common stock (1,618) 0
Proceeds from the exercise of stock options 454 161
Indirect repurchase of shares for minimum tax withholdings (785) (491)
Net cash used in financing activities (1,949) (330)
Net increase in cash and cash equivalents 2,028 3,707
Cash and cash equivalents, beginning of period 8,785 13,694
Cash and cash equivalents, end of period 10,813 17,401
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 0 2,817
Supplemental cash flow disclosures:    
Cash paid for interest 35 24
Cash paid for income taxes $ 565 $ 553