General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended 12 Months Ended
Sep. 23, 2012
Sep. 25, 2011
Dec. 25, 2011
Dec. 26, 2010
Dec. 27, 2009
Cash flows from operating activities:          
Net income $ 2,902 $ 3,147 $ 3,464 $ 3,291 $ 2,653
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 4,672 3,141 4,448 2,732 1,549
Amortization of loan origination costs 241 275 363 188 188
Write-off of loan costs associated with paydown of long-term debt 1,581        
Stock-based compensation 252 263 352 310 235
Deferred compensation contributed by shareholder   30 32 96 142
Non-cash settlement with former director   70 70    
Loss on disposal of property and equipment 21 17 44 51 13
Amortization of deferred lease incentives (620) (456) (620) (241) (44)
Deferred income taxes 889 997 1,198 1,218 882
Changes in operating assets and liabilities:          
Accounts receivable (51) 104 (44) (188) 135
Inventories 20 (43) (204) (107) (100)
Prepaid expenses and other current assets (490) (69) (80) (43) (312)
Lease incentives receivable (1,679) 2,478 1,936 (2,962) (1,074)
Lease origination costs (103) (114) (152) (227) (178)
Accounts payable 22 (240) 204 217 152
Accrued liabilities 3,266 3,042 2,767 754 850
Deferred lease incentives 4,288 2,325 3,425 6,663 1,928
Deferred compensation         (727)
Net cash provided by operating activities 15,211 14,967 17,203 11,752 6,292
Cash flows from investing activities:          
Acquisition of property and equipment (20,118) (15,464) (20,452) (16,370) (11,613)
Acquisition of other assets (319) (226) (345) (272) (183)
Net proceeds on note receivable   115 115 (4) (10)
Payment of contingent purchase price         (3,782)
Net cash used in investing activities (20,437) (15,575) (20,682) (16,646) (15,588)
Cash flows from financing activities:          
Payments on long-term debt (77,006) (28,330) (28,482) (1,232) (750)
Borrowings on long-term debt 29,500 52,500 52,500 1,300 9,300
Dividend payments   (19,010) (19,010)    
Purchase of stock (22,474)        
Proceeds from sale of common stock, net of underwriting fees 81,104 83 183 5,351 200
Deferred offering costs (2,137) (281) (875)    
Borrowings under revolving line of credit 2,250   3,700 2,500 1,000
Payments under revolving line of credit (4,950) (2,250) (3,250) (1,750)  
Loan origination costs (327) (1,797) (1,797)    
Net proceeds provided by financing activities 5,960 915 2,969 6,169 9,750
Net increase (decrease) in cash and cash equivalents 734 307 (510) 1,275 454
Cash and cash equivalents, beginning of period 2,827 3,337 3,337 2,062 1,608
Cash and cash equivalents, end of period 3,561 3,644 2,827 3,337 2,062
Supplemental cash flow disclosures:          
Interest paid 4,094 2,108 4,060 3,700 2,825
Income taxes paid 366 305 317 197 147
Deferred offering costs not yet paid   796 763    
Deferred offering costs paid in 2011 reclassed to equity $ 875