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. 24, 2023
Sep. 25, 2022
Cash flows from operating activities:    
Net income $ 26,030 $ 18,378
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 15,740 15,065
Amortization of operating lease assets 7,528 7,149
Amortization of loan origination costs 65 65
Impairment, closed restaurant and other costs 535 880
Stock-based compensation 2,962 2,885
Loss on disposal of property and equipment 182 204
Deferred income taxes 1,156 497
Changes in operating assets and liabilities:    
Accounts receivable (144) 164
Income tax receivable and payable (596) 1,136
Inventories 388 54
Prepaid expenses and other assets (2,035) (1,858)
Accounts payable (3,697) 985
Accrued and other liabilities 7,122 (756)
Operating lease liabilities (10,061) (11,975)
Net cash provided by operating activities 45,175 32,873
Cash flows from investing activities:    
Purchase of property and equipment, net (28,654) (20,113)
Net cash used in investing activities (28,654) (20,113)
Cash flows from financing activities:    
Loan origination costs 162 0
Repurchase of shares of common stock (23,252) (33,807)
Proceeds from the exercise of stock options 291 0
Indirect repurchase of shares for minimum tax withholdings (1,563) (1,448)
Net cash used in financing activities (24,686) (35,255)
Net decrease in cash and cash equivalents (8,165) (22,495)
Cash and cash equivalents, beginning of period 78,028 106,621
Cash and cash equivalents, end of period 69,863 84,126
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 1,555 1,522
Supplemental cash flow disclosures:    
Cash paid for interest 33 41
Cash paid for income taxes $ 3,407 $ 466