|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
12 Months Ended |
|
Dec. 03, 2013
|
Dec. 31, 2008
|
| Operating activities: |
|
|
| Net loss |
$ (56,625) |
$ (12,469) |
| Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| Depreciation |
28,124 |
30,512 |
| Amortization |
1,370 |
2,436 |
| Deferred income taxes |
(259) |
(21,407) |
| Loss on impairments, including disposition of assets |
17,746 |
18,756 |
| Loss/(gain) on extinguishment of debt |
1,183 |
(155) |
| Share-based compensation expense |
4,049 |
1,609 |
| Excess tax benefits from share-based compensation |
(283) |
(11) |
| Lease reserve adjustments |
4,205 |
379 |
| Deferred escalating minimum rent |
1,397 |
1,740 |
| Other, net |
1,847 |
(680) |
| Changes in operating assets and liabilities: |
|
|
| Receivables |
(937) |
(2,071) |
| Inventories |
3,457 |
(10,315) |
| Income taxes |
(3,443) |
(985) |
| Prepaid and other assets |
(1,187) |
91 |
| Accounts payable, accrued and other liabilities |
(216) |
(6,821) |
| Net cash provided by operating activities |
428 |
609 |
| Investing activities: |
|
|
| Purchases of property and equipment |
(17,697) |
(18,505) |
| Proceeds from sale-leaseback transactions, net |
5,637 |
30,408 |
| Proceeds from disposal of assets |
8,457 |
2,085 |
| Insurance proceeds from property claims |
218 |
|
| Reductions in Deferred Compensation Plan assets |
115 |
498 |
| Other, net |
(146) |
(372) |
| Net cash (used)/provided by investing activities |
(3,416) |
14,114 |
| Financing activities: |
|
|
| Principal payments on long-term debt |
(25,806) |
(17,485) |
| Stock repurchases |
(540) |
(20,012) |
| Payments for debt issuance costs |
(1,718) |
|
| Proceeds from exercise of stock options |
1,480 |
173 |
| Excess tax benefits from share-based compensation |
283 |
11 |
| Net cash used by financing activities |
(26,301) |
(37,313) |
| Decrease in cash and cash equivalents |
(29,289) |
(22,590) |
| Cash and cash equivalents: |
|
|
| Beginning of year |
52,907 |
48,184 |
| End of quarter |
23,618 |
25,594 |
| Cash paid for: |
|
|
| Interest, net of amount capitalized |
11,813 |
12,806 |
| Income taxes, net |
477 |
3,517 |
| Significant non-cash investing and financing activities: |
|
|
| Retirement of fully depreciated assets |
11,292 |
38,490 |
| Reclassification of properties to assets held for sale |
$ 3,816 |
$ 763 |