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
 6 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Cash flows from operating activities:    
Net income $ 13,389 $ 18,184
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,963 10,004
Amortization of operating lease assets 4,747 4,851
Amortization of loan origination costs 44 34
Impairment, closed restaurant and other costs 456 (1,575)
Stock-based compensation 1,950 1,947
Loss on disposal of property and equipment 57 0
Deferred income taxes 869 (127)
Changes in operating assets and liabilities:    
Accounts receivable (12) 261
Lease incentive receivable (1,000) 200
Income tax receivable and payable 103 974
Inventories (83) 18
Prepaid expenses and other assets (1,713) (1,585)
Accounts payable 258 1,199
Accrued and other liabilities 100 4,619
Operating lease liabilities (6,861) (6,922)
Net cash provided by operating activities 22,267 32,082
Cash flows from investing activities:    
Purchase of property and equipment, net (10,142) (6,582)
Net cash used in investing activities (10,142) (6,582)
Cash flows from financing activities:    
Loan origination costs 0 (23)
Repurchase of shares of common stock (21,052) 0
Proceeds from the exercise of stock options 0 3,761
Indirect repurchase of shares for minimum tax withholdings (1,436) (2,508)
Net cash (used in) provided by financing activities (22,488) 1,230
Net (decrease) increase in cash and cash equivalents (10,363) 26,730
Cash and cash equivalents, beginning of period 106,621 86,817
Cash and cash equivalents, end of period 96,258 113,547
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 1,350 134
Supplemental cash flow disclosures:    
Cash paid for interest 30 16
Cash paid for income taxes $ 361 $ 704