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
 6 Months Ended
Jul. 01, 2018
Jun. 25, 2017
Cash flows from operating activities:    
Net income $ 9,639 $ 9,879
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,615 8,468
Amortization of loan origination costs 16 16
Stock-based compensation 1,557 1,354
Loss on disposal of property and equipment 0 14
Amortization of deferred lease incentives (1,429) (1,192)
Deferred income taxes 277 2,286
Changes in operating assets and liabilities:    
Accounts receivable 1,669 129
Income tax receivable 470 1,216
Inventories 14 173
Prepaid expenses and other current assets (494) (106)
Accounts payable (1,612) (1,844)
Accrued liabilities and deferred rent 1,223 1,043
Deferred lease incentives 5,677 3,642
Net cash provided by operating activities 26,622 25,078
Cash flows from investing activities:    
Purchase of property and equipment (22,994) (18,469)
Purchase of other assets (155) (200)
Net cash used in investing activities (23,149) (18,669)
Cash flows from financing activities:    
Repurchase of shares of common stock (1,618) 0
Proceeds from the exercise of stock options 412 125
Indirect repurchase of shares for minimum tax withholdings (762) (482)
Net cash used in financing activities (1,968) (357)
Net increase in cash and cash equivalents 1,505 6,052
Cash and cash equivalents, beginning of period 8,785 13,694
Cash and cash equivalents, end of period 10,290 19,746
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 2,302 2,416
Supplemental cash flow disclosures:    
Cash paid for interest 19 16
Cash paid for income taxes $ 445 $ 406