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
 3 Months Ended
Apr. 01, 2018
Mar. 26, 2017
Cash flows from operating activities:    
Net income $ 3,183 $ 4,550
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,713 4,161
Amortization of loan origination costs 8 8
Stock-based compensation 736 597
Loss on disposal of property and equipment 0 5
Amortization of deferred lease incentives (705) (588)
Deferred income taxes 255 1,136
Changes in operating assets and liabilities:    
Accounts receivable 1,620 35
Income tax receivable 170 741
Inventories 170 250
Prepaid expenses and other current assets (345) 17
Accounts payable (1,901) (2,031)
Accrued liabilities and deferred rent (452) (1,211)
Deferred lease incentives 4,510 565
Net cash provided by operating activities 11,962 8,235
Cash flows from investing activities:    
Purchase of property and equipment (9,912) (7,233)
Purchase of other assets (77) (125)
Net cash used in investing activities (9,989) (7,358)
Cash flows from financing activities:    
Repurchase of shares of common stock (1,618) 0
Proceeds from the exercise of stock options 35 69
Indirect repurchase of shares for minimum tax withholdings (739) (458)
Net cash used in financing activities (2,322) (389)
Net (decrease) increase in cash and cash equivalents (349) 488
Cash and cash equivalents, beginning of period 8,785 13,694
Cash and cash equivalents, end of period 8,436 14,182
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 2,091 2,639
Supplemental cash flow disclosures:    
Cash paid for interest 8 8
Cash paid for income taxes $ 12 $ 18