v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Cash flows from operating activities:    
Net income $ 20,748 $ 21,536
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,928 10,147
Deferred income taxes (620) 1,297
Non-cash interest expense 108 284
Loss on impairment 0 394
Stock-based compensation expense 3,870 2,748
Changes in operating assets and liabilities:    
Accounts receivable 11,492 8,393
Inventories 355 (518)
Prepaid expenses and other (624) (682)
Other assets (213) 11
Accounts payable and accrued expenses (6,416) 6,825
Deferred revenue (10,340) (5,303)
Operating lease liabilities and assets 407 (4,719)
Other liabilities (3,689) 1,591
Net cash provided by operating activities 25,006 42,004
Cash flows from investing activities:    
Acquisition of property and equipment (23,093) (2,504)
Net cash used in investing activities (23,093) (2,504)
Cash flows from financing activities:    
Principal borrowings on long-term debt 15,000 0
Principal repayments on long-term debt (45,000) (45,000)
Repurchase of common stock (9,542) 0
Cash dividend payments (8,789) 0
Tax payments from the vesting of restricted stock (849) (2,418)
Deferred financing costs 0 (145)
Net cash used in financing activities (49,180) (47,563)
Net decrease in cash and cash equivalents (47,267) (8,063)
Cash and cash equivalents at beginning of period 92,133 95,402
Cash and cash equivalents at end of period 44,866 87,339
Supplemental disclosures of cash flow information:    
Interest, net of capitalized interest 431 2,199
Income taxes 10,286 1,275
Noncash investing and financing activities:    
Accrued acquisition of property and equipment $ 749 $ 1,475

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