Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 29, 2016 |
Dec. 31, 2015 |
Dec. 25, 2014 |
| Operating activities |
|
|
|
| Net income |
$ 43,039
|
$ 26,807
|
$ 15,098
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
28,604
|
19,684
|
13,704
|
| Loss on extinguishment of debt |
1,813
|
0
|
0
|
| Loss on asset disposals |
451
|
144
|
148
|
| Amortization of tenant improvement allowances |
(2,561)
|
(2,197)
|
(1,896)
|
| Deferred income taxes |
(5,536)
|
464
|
(1,426)
|
| Stock based compensation expense |
3,229
|
3,258
|
2,323
|
| Changes in operating assets and liabilities: |
|
|
|
| Receivables, net |
(10,793)
|
(7,997)
|
(7,761)
|
| Inventories, net |
(21,133)
|
(70,988)
|
(45,985)
|
| Other assets |
(4,817)
|
(2,520)
|
(2,069)
|
| Trade accounts payable |
11,145
|
40,454
|
47,780
|
| Accrued expenses |
27,244
|
4,908
|
7,488
|
| Income taxes |
8,271
|
(4,805)
|
6,223
|
| Deferred revenue |
2,311
|
4,997
|
2,023
|
| Deferred rent |
3,870
|
3,327
|
2,507
|
| Tenant improvement allowances |
4,244
|
4,816
|
5,660
|
| Other |
75
|
28
|
(223)
|
| Net cash provided by operating activities |
89,456
|
20,380
|
43,594
|
| Investing activities |
|
|
|
| Purchases of fixed assets |
(74,648)
|
(45,037)
|
(39,069)
|
| Other |
0
|
16
|
0
|
| Net cash used in investing activities |
(74,648)
|
(45,021)
|
(39,069)
|
| Financing activities |
|
|
|
| Borrowings on revolving line of credit |
171,850
|
204,300
|
119,700
|
| Payments on revolving line of credit |
(214,750)
|
(177,900)
|
(123,400)
|
| Proceeds from term loans |
362,000
|
0
|
0
|
| Payments on term loans |
(98,334)
|
(1,667)
|
(1,467)
|
| Prepayment penalty on term loan extinguishment |
(179)
|
0
|
0
|
| Debt issuance costs |
(10,546)
|
(93)
|
(208)
|
| Cash dividends |
(225,000)
|
0
|
0
|
| Proceeds from exercise of stock options |
284
|
40
|
658
|
| Excess tax benefit from exercise of stock options |
0
|
0
|
296
|
| Net cash used in financing activities |
(14,675)
|
24,680
|
(4,421)
|
| Net (decrease) increase in cash and cash equivalents |
133
|
39
|
104
|
| Cash and cash equivalents, beginning of the period |
318
|
279
|
175
|
| Cash and cash equivalents, end of the period |
451
|
318
|
279
|
| Supplemental disclosures of cash flow information |
|
|
|
| Cash paid for interest |
6,922
|
8,898
|
7,903
|
| Cash paid for income taxes |
8,929
|
20,182
|
4,778
|
| Fixed assets accrued at the end of the period |
5,387
|
7,002
|
3,343
|
| Fixed assets acquired as part of lease-paid for by lessor |
$ 2,290
|
$ 0
|
$ 0
|