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
 3 Months Ended
Mar. 30, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 2,632 $ 2,641
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,316 1,968
Amortization of loan origination costs 11 11
Stock-based compensation 202 98
Excess tax benefit from stock-based compensation (537) 0
(Gain) loss on disposal of property and equipment (1) 4
Amortization of deferred lease incentives (332) (266)
Deferred income taxes 900 (241)
Changes in operating assets and liabilities:    
Accounts receivable 12 (144)
Inventories (39) (21)
Prepaid expenses and other current assets (241) (190)
Accounts payable (1,785) (319)
Accrued liabilities and deferred rent (1,094) (1,502)
Deferred lease incentives 933 463
Net cash provided by operating activities 2,977 2,502
Cash flows from investing activities:    
Purchase of property and equipment (6,247) (6,136)
Purchase of other assets (86) (38)
Net cash used in investing activities (6,333) (6,174)
Cash flows from financing activities:    
Borrowings under revolving line of credit 2,000 0
Excess tax benefit from stock-based compensation 537 0
Proceeds from the exercise of stock options 302 913
Net cash provided by financing activities 2,839 913
Net decrease in cash and cash equivalents (517) (2,759)
Cash and cash equivalents, beginning of period 5,323 5,855
Cash and cash equivalents, end of period 4,806 3,096
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment and other assets acquired by accounts payable 1,455 0
Supplemental cash flow disclosures:    
Cash paid for interest 38 54
Cash paid for income taxes $ 59 $ 182