Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Cash flows from operating activities:    
Net income $ 26,246 $ 28,475
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,462 15,131
Deferred income taxes (765) 1,511
Non-cash interest expense 163 390
Loss on impairment 0 394
Stock-based compensation expense 5,947 3,776
Changes in operating assets and liabilities:    
Accounts receivable 10,028 7,476
Inventories 281 (699)
Prepaid expenses and other (2,360) 401
Other assets (188) 21
Accounts payable and accrued expenses (8,645) 1,810
Deferred revenue (10,025) (6,847)
Operating lease liabilities and assets 640 (4,458)
Other liabilities (3,605) 1,140
Net cash provided by operating activities 33,179 48,521
Cash flows from investing activities:    
Acquisition of property and equipment (34,765) (8,418)
Net cash used in investing activities (34,765) (8,418)
Cash flows from financing activities:    
Principal borrowings on long-term debt 15,000 0
Principal repayments on long-term debt (55,000) (45,000)
Repurchase of common stock (14,899) (3,828)
Cash dividend payments (13,643) 0
Tax payments from the vesting of restricted stock (1,212) (2,753)
Deferred financing costs 0 (145)
Net cash used in financing activities (69,754) (51,726)
Net decrease in cash and cash equivalents (71,340) (11,623)
Cash and cash equivalents at beginning of period 92,133 95,402
Cash and cash equivalents at end of period 20,793 83,779
Supplemental disclosures of cash flow information:    
Interest, net of capitalized interest 737 2,745
Income taxes 10,773 2,256
Noncash investing and financing activities:    
Accrued acquisition of property and equipment $ 364 $ 4,205