| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
72,006 | 37,716 | 26,526 | 26,120 | 24,327 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Deferred income tax benefit | ||||||
-40,247 | -2,177 | -1,992 | -980 | -2,912 | ||
Depreciation and amortization | ||||||
16,550 | 15,626 | 14,265 | 12,085 | 11,188 | ||
Amortization of deferred debt issuance costs | ||||||
614 | 763 | 821 | 733 | 681 | ||
Impairment | ||||||
2,041 | 1,927 | 1,210 | 484 | 653 | ||
Gain on disposal of property and equipment and other | ||||||
305 | -47 | -336 | -60 | 579 | ||
Provision for doubtful accounts | ||||||
156 | -72 | 239 | 78 | 80 | ||
Benefit for inventory spoilage | ||||||
15 | 20 | 23 | 9 | 29 | ||
(Benefit) provision for closed stores | ||||||
- | -51 | 36 | 102 | -50 | ||
Stock-based compensation | ||||||
1,745 | 1,827 | 1,963 | 1,420 | 838 | ||
Excess tax benefit from stock-based compensation | ||||||
- | 2,686 | 680 | 49 | - | ||
Accounts and vendor receivables | ||||||
765 | 595 | 357 | 2,264 | 206 | ||
Inventories | ||||||
308 | 267 | 360 | 421 | 590 | ||
Other assets | ||||||
-1,063 | 354 | -662 | 698 | -374 | ||
Income taxes | ||||||
-87 | 4,069 | -1,352 | -939 | 724 | ||
Investments for nonqualified deferred compensation plan | ||||||
- | - | - | 371 | 444 | ||
Accounts payable and accrued expenses | ||||||
-4,005 | -2,497 | 2,860 | 6,624 | 2,956 | ||
Closed store obligation and deferred rents | ||||||
1,553 | 1,426 | 1,499 | 1,295 | 1,072 | ||
Vendor advance | ||||||
- | - | - | -1,678 | -357 | ||
Deferred revenue | ||||||
40 | -152 | 120 | -47 | -5 | ||
Deferred compensation | ||||||
-605 | 484 | 425 | 371 | 444 | ||
Other noncurrent liabilities | ||||||
-321 | -270 | -293 | -291 | -293 | ||
Cash flows from investing activities: | ||||||
Net cash provided by operating activities | ||||||
49,745 | 54,300 | 45,526 | 41,643 | 37,930 | ||
Purchases of franchisee's assets | ||||||
- | 100 | 186 | 3,187 | - | ||
Purchases of property and equipment | ||||||
9,616 | 9,695 | 12,047 | 7,495 | 9,431 | ||
Proceeds from disposition of property and equipment | ||||||
163 | 51 | 47 | 13 | 812 | ||
Cash flows from financing activities: | ||||||
Net cash used in investing activities | ||||||
-9,453 | -9,744 | -12,186 | -10,669 | -8,619 | ||
Proceeds from borrowings on long-term debt | ||||||
- | - | - | 50,000 | 50,000 | ||
Principal payments on long-term debt | ||||||
32,357 | 42,736 | 28,055 | 21,376 | 25,375 | ||
Debt issuance costs | ||||||
643 | - | 554 | 720 | 620 | ||
Distribution to stockholders | ||||||
- | - | - | 50,000 | 50,000 | ||
Stock option settlement | ||||||
- | - | - | 172 | - | ||
Stock option exercises | ||||||
2,456 | 1,210 | 330 | - | - | ||
Vesting of restricted stock units | ||||||
103 | - | - | - | - | ||
Excess tax benefit from stock-based compensation | ||||||
- | 2,686 | 680 | 49 | - | ||
Purchases of treasury stock | ||||||
2,000 | - | - | - | - | ||
Principal payments on capital lease obligations | ||||||
7,491 | 6,081 | 4,679 | 4,010 | 3,466 | ||
Net cash used in financing activities | ||||||
-40,138 | -44,921 | -32,278 | -26,229 | -29,461 | ||
Net increase in cash and cash equivalents | ||||||
154 | -365 | 1,062 | 4,745 | -150 | ||
Supplemental cash flow disclosures: | ||||||
Non-cash conversion of preferred stock into common stock | ||||||
- | - | 172,691 | - | - | ||
Cash paid for interest | ||||||
6,776 | 7,589 | 8,395 | 8,972 | 8,475 | ||
Cash paid for income taxes | ||||||
14,209 | 17,645 | 19,378 | 17,508 | 12,104 | ||
Assets acquired under capital leases | ||||||
8,939 | 8,977 | 7,815 | 6,452 | 5,606 | ||
Reduction of capital lease obligations upon return of assets | ||||||
223 | 206 | 148 | 120 | 124 | ||
Reduction of capital lease obligations upon early termination of lease | ||||||
- | 288 | - | - | - | ||