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. 28, 2014
Sep. 29, 2013
Cash flows from operating activities:    
Net income $ 9,184 $ 8,617
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,418 6,418
Amortization of loan origination costs 34 34
Stock-based compensation 731 383
Excess tax benefit from stock-based compensation (523) 0
Loss (gain) on disposal of property and equipment 29 (16)
Amortization of deferred lease incentives (932) (871)
Deferred income taxes 2,937 2,470
Changes in operating assets and liabilities:    
Accounts receivable (101) 123
Inventories (143) (49)
Prepaid expenses and other current assets (467) (1,024)
Accounts payable (1,658) (1,069)
Accrued liabilities and deferred rent 1,457 (45)
Deferred lease incentives 3,266 3,184
Net cash provided by operating activities 21,232 18,155
Cash flows from investing activities:    
Purchase of property and equipment (26,369) (21,009)
Purchase of other assets (287) (182)
Net cash used in investing activities (26,656) (21,191)
Cash flows from financing activities:    
Borrowings under revolving line of credit 4,250 1,000
Payments under revolving line of credit (1,500) (2,000)
Excess tax benefit from stock-based compensation 523 0
Proceeds from the exercise of stock options 321 1,404
Net cash provided by financing activities 3,594 404
Net decrease in cash and cash equivalents (1,830) (2,632)
Cash and cash equivalents, beginning of period 5,323 5,855
Cash and cash equivalents, end of period 3,493 3,223
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 1,348 1,802
Supplemental cash flow disclosures:    
Cash paid for interest 125 99
Cash paid for income taxes $ 562 $ 643