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, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 25, 2012
Cash flows from operating activities:    
Net income $ 2,641 $ 381
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,968 1,405
Amortization of loan origination costs 11 89
Stock-based compensation 98 61
Loss on disposal of property and equipment 4 4
Amortization of deferred lease incentives (266) (191)
Deferred income taxes (241) 55
Changes in operating assets and liabilities:    
Accounts receivable (144) 35
Inventories (21) 98
Prepaid expenses and other current assets (190) 279
Lease incentives receivable (730) (1,663)
Lease origination costs (30) (25)
Accounts payable (319) 809
Accrued liabilities (1,502) (304)
Deferred lease incentives 1,193 1,864
Net cash provided by operating activities 2,472 2,897
Cash flows from investing activities:    
Purchase of property and equipment (6,045) (6,507)
Purchase of other assets (91) (94)
Net cash used in investing activities (6,136) (6,601)
Cash flows from financing activities:    
Payments on long-term debt 0 (131)
Borrowings on long-term debt 0 25,000
Deferred offering costs 0 (218)
Borrowings under revolving line of credit 0 2,250
Loan origination costs (8) (328)
Proceeds from the exercise of stock options 913 0
Net cash provided by financing activities 905 26,573
Net increase (decrease) in cash and cash equivalents (2,759) 22,869
Cash and cash equivalents, beginning of period 5,855 2,827
Cash and cash equivalents, end of period 3,096 25,696
Supplemental cash flow disclosures:    
Interest paid 54 1,185
Income taxes paid 182 52
Deferred offering cost not yet paid $ 0 $ 588