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
 9 Months Ended
Sep. 29, 2013
Sep. 23, 2012
Cash flows from operating activities:    
Net income $ 8,617 $ 2,902
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,418 4,672
Amortization of loan origination costs 34 241
Write-off of loan origination costs associated with paydown of long-term debt 0 1,581
Stock-based compensation 383 252
(Gain) loss on disposal of property and equipment (16) 21
Amortization of deferred lease incentives (871) (620)
Deferred income taxes 2,470 889
Changes in operating assets and liabilities:    
Accounts receivable 123 (51)
Inventories (49) 20
Prepaid expenses and other current assets (1,024) (490)
Lease origination costs (174) (103)
Accounts payable (1,069) 22
Accrued liabilities (45) 3,266
Deferred lease incentives 3,184 2,609
Net cash provided by operating activities 17,981 15,211
Cash flows from investing activities:    
Purchase of property and equipment (20,679) (20,118)
Purchase of other assets (330) (319)
Net cash used in investing activities (21,009) (20,437)
Cash flows from financing activities:    
Payments on long-term debt 0 (77,006)
Borrowings on long-term debt 0 29,500
Purchase of stock 0 (22,474)
Proceeds from sale of common stock, net of underwriting fees 0 81,104
Deferred offering costs 0 (2,137)
Borrowings under revolving line of credit 1,000 2,250
Payments under revolving line of credit (2,000) (4,950)
Loan origination costs (8) (327)
Proceeds from the exercise of stock options 1,404 0
Net cash provided by financing activities 396 5,960
Net increase (decrease) in cash and cash equivalents (2,632) 734
Cash and cash equivalents, beginning of period 5,855 2,827
Cash and cash equivalents, end of period 3,223 3,561
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 1,802 0
Supplemental cash flow disclosures:    
Cash paid for interest 99 1,805
Cash paid for income taxes 643 366
Deferred offering costs not yet paid $ 0 $ 875