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. 25, 2022
Sep. 26, 2021
Cash flows from operating activities:    
Net income $ 18,378 $ 24,184
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 15,065 15,097
Amortization of operating lease assets 7,149 7,241
Amortization of loan origination costs 65 105
Impairment, closed restaurant and other costs 880 2,767
Stock-based compensation 2,885 2,893
Loss on disposal of property and equipment 204 9
Deferred income taxes 497 1,424
Changes in operating assets and liabilities:    
Accounts receivable 164 (76)
Lease incentive receivable 0 200
Income tax receivable and payable 1,136 (415)
Inventories 54 26
Prepaid expenses and other assets (1,858) (686)
Accounts payable 985 1,087
Accrued and other liabilities (756) 355
Operating lease liabilities (11,975) (17,221)
Net cash provided by operating activities 32,873 36,990
Cash flows from investing activities:    
Purchase of property and equipment, net (20,113) (13,554)
Net cash used in investing activities (20,113) (13,554)
Cash flows from financing activities:    
Loan origination costs 0 (260)
Repurchase of shares of common stock (33,807) (6,117)
Proceeds from the exercise of stock options 0 3,761
Indirect repurchase of shares for minimum tax withholdings (1,448) (2,530)
Net cash used in financing activities (35,255) (5,146)
Net (decrease) increase in cash and cash equivalents (22,495) 18,290
Cash and cash equivalents, beginning of period 106,621 86,817
Cash and cash equivalents, end of period 84,126 105,107
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 1,522 386
Supplemental cash flow disclosures:    
Cash paid for interest 41 26
Cash paid for income taxes $ 466 $ 1,806