CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 29, 2013 | Sep. 23, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $10,210 | $11,706 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 15,140 | 14,041 |
Loss on disposals of property and equipment | 1,327 | 295 |
Amortization of deferred lease incentives | -8,826 | -4,521 |
Share-based compensation costs | 2,138 | 1,723 |
Deferred income taxes | 2,540 | 2,960 |
Changes in assets and liabilities: | ' | ' |
Accounts and tenant improvement allowance receivables | 1,663 | -1,210 |
Inventories | 506 | 180 |
Prepaid expenses and other current assets | 917 | 673 |
Trade and construction payables | 914 | -671 |
Deferred lease incentives | 5,308 | 7,520 |
Deferred gift card revenue | -4,251 | -3,952 |
Other accrued expenses | -4,768 | 3,112 |
Other — net | 505 | 1,432 |
Net cash provided by operating activities | 23,323 | 33,288 |
Cash flows from investing activities: | ' | ' |
Purchase of property and equipment | -23,245 | -26,880 |
Proceeds from the sale of assets | 147 | 0 |
Net cash used in investing activities | -23,098 | -26,880 |
Cash flows from financing activities: | ' | ' |
Payments on long-term debt | -6,872 | -9,147 |
Proceeds from the exercise of stock options | 76 | 295 |
Excess tax benefit related to share based payments | 49 | 279 |
Shares withheld from restricted stock vesting for minimum tax withholdings | -163 | -9 |
Repurchase of treasury shares | -4,325 | 0 |
Net cash used in financing activities | -11,235 | -8,582 |
Net decrease in cash and cash equivalents | -11,010 | -2,174 |
Cash and cash equivalents — beginning of period | 13,717 | 10,093 |
Cash and cash equivalents — end of period | 2,707 | 7,919 |
Supplemental disclosures of cash flow information: | ' | ' |
Interest paid | 598 | 772 |
Income taxes paid | 1,124 | 1,500 |
Property financed by trade and construction payables | $3,175 | $3,090 |