| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income (loss) | |||||||||
-23,585 | -8,549 | -6,690 | 8,436 | 8,436 | 5,742 | 4,344 | 1,290 | 24,012 | 7,165 |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||||
Depreciation expense | |||||||||
22,103 | 23,142 | 25,680 | 22,734 | 22,734 | 21,476 | 19,615 | 17,875 | 16,219 | 14,838 |
Noncash lease expense | |||||||||
27,853 | - | - | - | - | - | - | - | - | - |
Deferred income tax | |||||||||
13,808 | -3,016 | 6,096 | -1,659 | -1,659 | -72 | -289 | -1,969 | -16,870 | 113 |
Deferred rent and landlord allowances | |||||||||
- | 82 | -1,911 | -3,256 | -3,256 | -3,808 | -1,787 | -440 | -987 | 295 |
Stock-based compensation expense | |||||||||
2,335 | 2,882 | 4,676 | 3,057 | 3,057 | 2,399 | 2,543 | 11,610 | 2,825 | 1,524 |
Excess tax deficiency from stock-based compensation | |||||||||
- | 1,089 | 2,112 | -31 | -31 | -308 | - | - | - | - |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | - | - | - | 1,300 | 308 | - | - |
Asset impairment, store closure and disposal of property and equipment | |||||||||
2,989 | 13,762 | 10,947 | 4,243 | 4,243 | 3,818 | 3,679 | 1,142 | 994 | 365 |
Amortization of debt issuance costs | |||||||||
55 | 37 | 37 | 34 | 34 | 11 | 70 | 64 | 154 | 151 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable, net | |||||||||
-480 | -100 | 650 | -674 | -674 | 445 | 1,013 | -285 | 922 | 389 |
Inventories | |||||||||
-9 | -43 | 160 | 188 | 188 | 388 | 505 | 353 | 213 | 377 |
Prepaid expenses and other assets | |||||||||
-5,917 | 694 | 3,190 | -3,204 | -3,204 | 1,155 | 4,216 | 2,076 | 838 | 1,467 |
Accounts payable | |||||||||
-249 | 177 | 286 | -1,899 | -1,899 | 1,876 | 1,301 | -176 | -361 | -2,200 |
Operating lease liabilities | |||||||||
-29,725 | - | - | - | - | - | - | - | - | - |
Accrued expenses and other liabilities | |||||||||
-3,822 | 2,097 | 764 | 4,108 | 4,108 | 3,558 | 538 | 2,056 | -902 | 693 |
Net cash used in operating activities: | |||||||||
18,168 | 30,988 | 41,819 | - | 45,969 | - | - | - | - | 20,121 |
Cash flows from investing activities: | |||||||||
Net cash provided by operating activities: | |||||||||
- | - | - | 45,969 | - | 40,320 | 26,554 | 29,880 | 25,085 | - |
Acquisition of franchise shop | |||||||||
- | - | - | 1,108 | 1,108 | 333 | - | - | - | - |
Purchases of property and equipment | |||||||||
14,365 | 21,395 | 34,684 | 36,712 | 36,712 | 35,725 | 29,209 | 28,098 | 25,936 | 17,758 |
Net cash used in investing activities: | |||||||||
- | - | - | -37,820 | - | -36,058 | -29,209 | -28,098 | -25,936 | - |
Proceeds from long-term debt | |||||||||
- | - | - | - | - | - | - | - | 14,221 | 10,000 |
Payments on debt | |||||||||
- | - | - | - | - | - | - | 14,000 | 14,221 | 4,000 |
Net cash used in investing activities: | |||||||||
-14,365 | -21,395 | -34,684 | - | -37,820 | - | - | - | - | -17,758 |
Cash flows from financing activities: | |||||||||
Debt issuance costs | |||||||||
189 | - | - | - | - | - | - | - | - | - |
Payments on note payable | |||||||||
- | - | - | - | - | 1,008 | 84 | 79 | 74 | 153 |
Payment of deferred financing costs | |||||||||
- | - | - | - | - | - | - | - | 335 | - |
Proceeds from exercise of stock options | |||||||||
173 | 8,244 | 6,487 | 5,776 | 5,776 | 4,784 | 6,137 | 147 | - | 480 |
Proceeds from exercise of stock warrants | |||||||||
- | - | 1,972 | - | - | - | - | 1 | 2 | 1 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | 31 | 31 | 308 | 1,300 | 308 | - | - |
Shares cancelled in lieu of payment of payroll taxes | |||||||||
- | - | - | - | - | - | - | 165 | - | - |
Employee taxes on certain stock-based payment arrangements | |||||||||
91 | 194 | - | - | - | - | 1,078 | - | - | - |
Preferred stock repurchase | |||||||||
- | - | - | - | - | - | - | - | - | 5,000 |
Treasury stock repurchases | |||||||||
4,217 | 22,916 | 12,941 | 22,321 | 22,321 | 39,754 | 10,246 | - | - | 8,525 |
Distributions to non-controlling interest | |||||||||
523 | 580 | 513 | 413 | 413 | 198 | 46 | - | - | - |
Issuance of common stock, net of underwriting fees | |||||||||
- | - | - | - | - | - | - | 110,343 | - | - |
Payment of costs associated with initial public offering | |||||||||
- | - | - | - | - | - | - | 1,499 | 523 | - |
Cash dividend on preferred and common stock | |||||||||
- | - | - | - | - | - | - | 49,854 | - | - |
Contributions from non-controlling interest | |||||||||
75 | 98 | 11 | 151 | 151 | 607 | 98 | - | 230 | - |
Net cash provided by (used in) financing activities: | |||||||||
- | - | - | -16,776 | - | -35,261 | -3,919 | 45,202 | -700 | - |
Net cash provided by (used in) financing activities: | |||||||||
-4,772 | -15,348 | -4,984 | - | -16,776 | - | - | - | - | -7,197 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-969 | -5,755 | 2,151 | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
- | - | - | -8,627 | -8,627 | -30,999 | -6,574 | 46,984 | -1,551 | -4,834 |
Supplemental cash flow information: | |||||||||
Income taxes paid | |||||||||
187 | 250 | 1,656 | 3,663 | 3,663 | 2,376 | 3,232 | 1,808 | 1,050 | 452 |
Interest paid | |||||||||
108 | 110 | 94 | - | 108 | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | 108 | - | 183 | 179 | 332 | 383 | 344 |
Supplemental non-cash investing and financing activities: | |||||||||
Unpaid liability for purchases of property and equipment | |||||||||
1,198 | 751 | 1,741 | 2,727 | 2,727 | 3,395 | 2,690 | 2,636 | 2,262 | 451 |
Accretion of redeemable convertible preferred stock to maximum redemption value | |||||||||
- | - | - | - | - | - | - | 15,097 | 10,495 | - |
Accretion of redeemable convertible preferred stock to maximum redemption value | |||||||||
- | - | - | - | - | - | - | - | - | -17,410 |