| Dec'18 | Jan'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Net (Loss) Income | |||||||
- | - | -7 | 2,649 | 4,411 | 1,248 | -2,591 | -2,114 |
Net loss attributable to noncontrolling interests | |||||||
- | - | 0 | 0 | -500 | 0 | -19 | 0 |
Net income | |||||||
4,324 | -1,818 | -7 | 2,649 | 4,911 | 1,248 | -2,572 | -2,114 |
Adjustments to reconcile to cash from operating activities | |||||||
Depreciation and amortization | |||||||
7,241 | 10,452 | 10,452 | 12,236 | 10,002 | 8,052 | 6,973 | 6,187 |
Loss on disposal or impairment of property and equipment | |||||||
-1,937 | -18,360 | - | - | - | - | - | - |
Loss (gain) on disposal or impairment of property and equipment | |||||||
- | - | -15,680 | -101 | 251 | -72 | -847 | -193 |
Deferred taxes | |||||||
-1,296 | 18,689 | 19,722 | -1,724 | -1,707 | -1,123 | -944 | 957 |
Loss on early retirement of debt | |||||||
- | - | - | - | - | -4,619 | -4,029 | -5,138 |
Bad debt expense | |||||||
- | - | - | - | - | - | - | 458 |
Stock-based compensation | |||||||
495 | 687 | 687 | 898 | 1,081 | 1,898 | 846 | 1,115 |
Amortization of deferred finance charges | |||||||
- | - | - | - | - | - | - | 797 |
Loss on impairment of cost-method investment | |||||||
- | - | 0 | 0 | 4,000 | 0 | 0 | - |
Other non-cash items | |||||||
-342 | -422 | -422 | -329 | -646 | -563 | -1,217 | - |
Change in operating assets and liabilities | |||||||
Accounts receivable | |||||||
-238 | -1,541 | -1,540 | 522 | -641 | 3,302 | 483 | -128 |
Inventories | |||||||
- | - | - | - | - | - | - | 215 |
Prepaid expenses and other assets | |||||||
-1,985 | -4,879 | -1,352 | -2,197 | 1,988 | -2,265 | 5,104 | 961 |
Unearned franchise and development fees | |||||||
-1,508 | -753 | -66 | -567 | -1,213 | -507 | 1 | 1,545 |
Accounts payable | |||||||
-1,208 | -548 | -783 | -1,103 | 3,628 | -766 | 1,021 | -162 |
Accrued expenses and other liabilities | |||||||
-4,902 | 1,004 | 5,982 | -1,138 | 579 | 244 | 2,155 | 88 |
Other assets and liabilities | |||||||
- | - | - | - | - | - | - | 1,884 |
Net cash from operating activities | |||||||
10,240 | 15,537 | 15,537 | 16,804 | 23,743 | 15,509 | 9,874 | 9,356 |
Investing Activities | |||||||
Acquisition of property and equipment | |||||||
576 | 3,987 | 3,987 | 18,010 | 10,430 | 4,067 | 3,037 | 1,343 |
Acquisition of stores, less cash acquired | |||||||
134 | 0 | 0 | 2,562 | 9,691 | 4,608 | 10,272 | 4,762 |
Proceeds from sale of property and equipment | |||||||
7,599 | 2,288 | 2,288 | 1,110 | 1,250 | 179 | 29 | 180 |
Issuance of notes receivable | |||||||
- | - | 0 | 0 | 250 | 0 | 0 | 40 |
Payments received on notes receivable | |||||||
97 | 51 | 51 | 72 | 67 | 969 | 31 | 61 |
Investment in cost-method investee | |||||||
- | - | 0 | 0 | 500 | 2,000 | 2,000 | 0 |
Net cash from investing activities | |||||||
6,986 | -1,648 | -1,648 | -19,390 | -19,554 | -9,527 | -15,249 | -5,904 |
Financing Activities | |||||||
Proceeds from issuance of long-term debt | |||||||
- | - | - | - | - | 112,000 | 167,000 | 124,200 |
Payments on long-term debt | |||||||
13,392 | 12,979 | 12,979 | 3,321 | 2,800 | 169,900 | 121,280 | 87,647 |
Issuance of preferred stock | |||||||
- | - | - | - | - | - | - | 955 |
Issuance of common stock, net of underwriting fees | |||||||
- | - | - | - | - | 59,675 | 57 | 109 |
Advances on revolver | |||||||
5,900 | 14,900 | 14,900 | 16,800 | 5,900 | - | - | 6,500 |
Advances on revolver, net | |||||||
- | - | - | - | - | 0 | -4,000 | - |
Payments on revolver | |||||||
5,900 | 15,700 | 15,700 | 16,000 | 5,900 | - | - | 8,000 |
Repurchases of common stock | |||||||
29 | 5 | 5 | 84 | 10 | 1,518 | 400 | 117 |
Payment of preferred dividend and return of invested capital | |||||||
- | - | - | - | - | - | 30,690 | - |
Proceeds from exercise of stock options | |||||||
91 | 0 | 0 | 293 | 376 | 0 | 0 | - |
Redemptions of preferred stock | |||||||
- | - | - | - | - | - | - | 44 |
Payment of preferred dividends | |||||||
- | - | - | - | - | - | - | 13,056 |
Return of invested capital | |||||||
- | - | - | - | - | - | - | 22,106 |
Debt issuance and modification costs | |||||||
304 | 0 | - | - | - | 2,717 | 4,315 | 6,658 |
Payments received on subscription receivables | |||||||
- | - | 0 | 100 | 0 | 1,097 | 0 | 0 |
Costs associated with initial public offering | |||||||
- | - | - | - | - | 3,490 | 0 | 0 |
Investment by noncontrolling interest holders | |||||||
- | - | 0 | 0 | 56 | 222 | 241 | 0 |
Net cash from financing activities | |||||||
-13,634 | -13,784 | -13,784 | -2,212 | -2,378 | -4,631 | 6,613 | -5,864 |
Effect of exchange rate fluctuations on cash | |||||||
- | - | - | - | - | - | 39 | 1 |
Net change in cash and cash equivalents | |||||||
3,592 | 105 | 105 | -4,798 | 1,811 | 1,351 | 1,277 | -2,411 |
Supplemental Disclosures of Cash Flow Information | |||||||
Cash paid during the period for interest | |||||||
4,970 | 4,835 | 4,835 | 4,894 | 3,624 | 7,385 | 9,769 | 9,702 |
Cash (received) paid during the period for income taxes | |||||||
66 | -185 | -185 | 169 | 3,078 | 134 | 117 | 63 |
Deferred offering costs paid in 2013 reclassified to equity | |||||||
- | - | - | - | - | 1,537 | 0 | 0 |
Issuance of note receivable for preferred and common stock | |||||||
- | - | - | - | - | - | 309 | 340 |
Issuance of note payable for acquisition of stores | |||||||
- | - | - | - | - | 2,900 | 3,000 | 0 |
Net change in property and equipment in accounts payable | |||||||
- | - | 154 | 607 | 3,098 | 97 | 309 | 0 |