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
 6 Months Ended
Jun. 30, 2013
Jun. 24, 2012
Cash flows from operating activities:    
Net income $ 5,801 $ 2,111
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,094 2,947
Amortization of loan origination costs 23 200
Stock-based compensation 236 175
Loss on disposal of property and equipment 16 12
Amortization of deferred lease incentives (560) (396)
Deferred income taxes 2,052 673
Changes in operating assets and liabilities:    
Accounts receivable 100 (20)
Inventories (58) 32
Prepaid expenses and other current assets (812) (416)
Lease origination costs (88) (38)
Accounts payable (1,025) 521
Accrued liabilities (902) 2,474
Deferred lease incentives 2,213 1,120
Net cash provided by operating activities 11,090 9,395
Cash flows from investing activities:    
Purchase of property and equipment (13,555) (13,473)
Purchase of other assets (270) (224)
Net cash used in investing activities (13,825) (13,697)
Cash flows from financing activities:    
Net borrowings on long-term debt 0 29,175
Purchase of stock 0 (22,474)
Deferred offering costs 0 (277)
Borrowings under revolving line of credit 0 2,250
Payments under revolving line of credit (500) (2,250)
Loan origination costs (8) (328)
Proceeds from the exercise of stock options 1,158 0
Net cash provided by financing activities 650 6,096
Net increase (decrease) in cash and cash equivalents (2,085) 1,794
Cash and cash equivalents, beginning of period 5,855 2,827
Supplemental disclosure of non-cash investing and financing activities: 3,770 4,621
Supplemental disclosure of non-cash investing and financing activities:    
Fixed assets acquired by accounts payable 1,206 0
Supplemental cash flow disclosures:    
Cash paid for interest 76 2,292
Cash paid for income taxes 541 286
Deferred offering costs not yet paid $ 0 $ 1,185