Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 27, 2015 |
Dec. 28, 2014 |
Dec. 29, 2013 |
| Cash flows from operating activities: |
|
|
|
| Net income |
$ 12,896
|
$ 11,491
|
$ 11,069
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
12,827
|
10,310
|
8,858
|
| Amortization of loan origination costs |
43
|
45
|
45
|
| Asset Impairment Charges |
4,360
|
0
|
0
|
| Stock-based compensation |
1,718
|
1,054
|
531
|
| Excess tax benefit from stock-based compensation |
(34)
|
(609)
|
(3,990)
|
| Loss on disposal of property and equipment |
108
|
30
|
61
|
| Amortization of deferred lease incentives |
(1,684)
|
(1,303)
|
(1,242)
|
| Deferred income taxes |
3,074
|
3,060
|
(314)
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(196)
|
(286)
|
(72)
|
| Inventories |
(268)
|
(221)
|
(84)
|
| Prepaid expenses and other current assets |
448
|
(586)
|
(96)
|
| Accounts payable |
(1,708)
|
(770)
|
(610)
|
| Accrued liabilities and deferred rent |
6,167
|
2,853
|
4,612
|
| Deferred lease incentives |
7,642
|
4,067
|
5,473
|
| Net cash provided by operating activities |
45,393
|
29,135
|
24,241
|
| Cash flows from investing activities: |
|
|
|
| Purchase of property and equipment |
(31,628)
|
(33,936)
|
(30,905)
|
| Purchase of other assets |
(372)
|
(388)
|
(293)
|
| Net cash used in investing activities |
(32,000)
|
(34,324)
|
(31,198)
|
| Cash flows from financing activities: |
|
|
|
| Borrowings under revolving line of credit |
1,000
|
4,250
|
3,000
|
| Payments under revolving line of credit |
(9,750)
|
(1,500)
|
(2,000)
|
| Loan origination costs |
(70)
|
0
|
0
|
| Excess tax benefit from stock-based compensation |
34
|
609
|
3,990
|
| Proceeds from the exercise of stock options |
164
|
322
|
1,435
|
| Indirect repurchase of shares for minimum tax withholdings |
(57)
|
0
|
0
|
| Net cash (used in) provided by financing activities |
(8,679)
|
3,681
|
6,425
|
| Net increase (decrease) in cash and cash equivalents |
4,714
|
(1,508)
|
(532)
|
| Cash and cash equivalents, beginning of period |
3,815
|
5,323
|
5,855
|
| Cash and cash equivalents, end of period |
8,529
|
3,815
|
5,323
|
| Supplemental disclosure of non-cash investing and financing activities: |
|
|
|
| Property and equipment and other assets acquired by accounts payable |
3,081
|
2,071
|
1,767
|
| Supplemental cash flow disclosures: |
|
|
|
| Cash paid for interest |
95
|
175
|
130
|
| Cash paid for income taxes |
$ 4,091
|
$ 632
|
$ 685
|